ENBD REIT (CEIC) Limited (ENBD REIT), the Shari\u2019ah-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced changes to the membership of its Fatwa and Shari\u2019ah Supervisory Board (FSSB).<\/p>\n
Dr. Mohamed Ali Elgari will be the new Shari’a Supervisory Board Chairman, with Amanie Group chairman Datuk Dr. Mohd Daud Bakar as Executive Member, and Dr. Muhammad Amin Ali Qattan and Dr. Osama Al Dereai as Member.<\/p>\n
Dubai-based Amanie Advisors LLC (Amanie Advisors) is appointed to the Board, with mutual agreement for the termination of engagement of current FSSB members. The effective date of the change in FSSB membership is 1 September 2018. FSSB members hold a non-executive role within ENBD REIT\u2019s governance structure and are independent of ENBD REIT.<\/p>\n
Dr. Mohamed Ali Elgari will be ENBD REIT\u2019s FSSB Chairman. He is a professor of Islamic Economics and the former Director of the Centre for Research in Islamic Economics at King Abdul Aziz University in Saudi Arabia. Dr. Elgari is an advisor to numerous Islamic financial institutions around the world and is on the Shari\u2019a board of the Dow Jones Islamic Index.<\/p>\n
Dr. Mohd Daud Bakar will be Executive Member of ENBD REIT\u2019s FSSB. He was previously Deputy Vice Chancellor of the International Islamic University Malaysia and is currently Chairman of the Shari\u2019ah Advisory Council at the Central Bank of Malaysia and the Securities Commission of Malaysia.<\/p>\n
Dr. Muhammad Amin Ali Qattan and Dr. Osama Al Dereai will sit as Members of ENBD REIT\u2019s FSSB. Dr. Qattan is a highly regarded Shari\u2019ah scholar and is currently Director of the Islamic Economic Unit at the Centre of Excellence in Management at Kuwait University. Dr. Al Dereai is a renowned Shari\u2019ah scholar and has extensive experience in teaching, consulting and research in the field of Islamic finance.
Amanie Advisors, as members of the FSSB, will provide guidance to Management and the Board of Directors on: Shari\u2019ah structuring, review and endorsement; Shari\u2019ah audit; Shari\u2019ah governance matters; and Real Estate and financial transactions.<\/p>\n
Amanie Advisors was founded in 2005 by Shari\u2019ah scholar Dr. Mohd Daud Bakar. The company specialises in providing Shari\u2019ah advisory services to a wide range of clientele including financial institutions, corporates and governments. The rationale for the change to ENBD REIT\u2019s FSSB membership is that Amanie Advisors is located in Dubai International Financial Centre (DIFC), where ENBD REIT is headquartered, with strong local knowledge of both the regulatory and real estate market and working a Sunday-Thursday business week.<\/p>\n
\u201cWe would like to thank the outgoing chairman Dr. Hussein Hamid Hassan and the other Shari\u2019ah Board members for their wise counsel over the years, and the continued support that they have provided us\u2014most recently in relation to the re-domiciliation and listing of ENBD REIT. Meanwhile, we are pleased to welcome Amanie Advisors to our FSSB. The Amanie Advisors team have extensive experience of diverse and specialized disciplines ranging from Shari\u2019ah, investment banking, legal, economics and accounting, to risk, corporate finance and strategic planning. We are confident of the value that they will add to our Governance architecture,\u201d said Tariq Bin Hendi, Chairman of ENBD REIT.<\/p>\n
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ENBD REIT (CEIC) Limited (ENBD REIT), the Shari\u2019ah-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced changes to the membership of its Fatwa and Shari\u2019ah Supervisory Board (FSSB). Dr. Mohamed Ali Elgari will be the new Shari’a Supervisory Board Chairman, with Amanie Group chairman Datuk Dr. Mohd Daud Bakar as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-2099","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=2099"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2099\/revisions"}],"predecessor-version":[{"id":4452,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2099\/revisions\/4452"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=2099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=2099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=2099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}