Shariah Adviser

BIMB Securities Sdn Bhd (BIMB Securities) is the Shariah Adviser for Libra Amanah Saham Wanita, Libra ASnitaBOND Fund, Libra SyariahEXTRA Fund, Libra Shariah Liquidity Fund, Libra Shariah Liquidity Fund Series 2, Libra Shariah Liquidity Fund Series 3 and Libra Dana Safa (the Funds).


General Information of BIMB Securities

The Shariah Adviser is a subsidiary of BIMB Holdings Bhd. It was incorporated on 21 February 1994 with an authorised share capital of RM250 million, and its current issued and paid-up share capital is RM100 million.


Profile of the Shariah Team

The designated Shariah person in-charge of Libra Invest Berhad’s Shariah-compliant funds is as follows:

Name Ir. Dr. Muhamad Fuad bin Abdullah  
Position: Designated Shariah Person  
Qualification: Doctor of Philosophy in Muslim Civilization (University of Aberdeen, Scotland).  

Ir. Dr. Muhamad Fuad (Dr. Muhamad Fuad) is the designated person in charge of all Shariah matters. He was appointed to the Shariah Advisory Committee of the Shariah Adviser effective 1st June 2011.

Currently, he serves as the Chairman of the Shariah Committee of MIDF Group of Companies. He sits on the boards of Gagasan Nadi Cergas Berhad, Mesiniaga Berhad, PNB Commercial Sdn Bhd, Universiti Tun Abdul Razak Sdn Bhd and Institut Kefahaman Islam Malaysia (IKIM), a public company limited by guarantee. He also sits on the Board of Universiti Sains Islam Malaysia (USIM) and its subsidiary USIM Tijarah Holdings Sdn Bhd. 

Dr. Muhamad Fuad has been a member of the Executive Committee of the Association of Shariah Advisers for Islamic Finance until early this year. He is the Chairman of the Advisory Panel of the Faculty of Syariah and Law of USIM since 4th October 2016.

In terms of qualification, he graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982, both from the University of Southampton, England. He also obtained a Bachelor of Arts Degree in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in 1996.

He is the designated person responsible for Shariah matters related to the Shariah compliant funds management-related activities.