Shariah compliance audit for Islamic Funds lecture

Shariah compliance audit for Islamic Funds lecture

Date: 12th June 2015 Time: 6.15pm

Venue: EY 1 More London Place, London, Greater London, SE1

Speaker: Najib Alaswad Venue: EY 1 More London Place, London, Greater London, SE1 2AF (The venue is near the London Bridge Underground Station) (MAP)

Najib Al Aswad

About the Lecture: Islamic funds have a long history of over four decades with their advent in the late 1960s in Malaysia and in the mid-1970s in the Middle East. The development of Islamic funds was  driven mainly by investors seeking Shariah compliant investments. Hence, it was essential for Islamic fund managers to fully understand the Shariah compliance requirements related to managing such  assets. Over the years, the industry has evolved significantly with the introduction of various types and structures of Islamic funds alongside the growing number of players spread across many  jurisdictions. With an extensive experience of auditing many Islamic funds spread from US to Singapore, Najib will take a critical look at the challenges that a 21st century Islamic fund manager is  facing to fully satisfy the requirements of the Shariah compliance auditor.

He will also shed light on the key areas related to conducting the fieldwork of Shariah audit, developing and implementing adequate controls, and designing mechanisms aimed at mitigating Shariah  non-compliance risks for different types of Islamic funds including Public Equity, Private Equity, Real Estate, Sukuk and Income Funds.

About the Speaker Najib Al Aswad is a seasoned and multilingual professional with extensive expertise across various sectors of the Islamic finance industry. Currently as the Senior Manager at IFAAS,  he is leading many international projects across the Gulf and Europe. He has rich experience in Shariah compliance where he has been designing Shariah Governance Frameworks, evaluating &  assessing Shariah non-compliance risks, and conducting Shariah audits for many Islamic financial institutions worldwide including a number of Islamic funds with an aggregate AUM of over $5b  (USD).

Najib is an AAOIFI Certified Shariah Adviser & Auditor (CSAA – Bahrain), an AAOIFI Certified Islamic Professional Accountant (CIPA – Bahrain), and an Accredited Trainer by the Chartered Institute for Securities & Investment (CISI – UK). He also holds Distinction in MSc Islamic finance from the renowned Durham University (UK) and a first class PGDip in Finance & Banking. Previously he has worked at reputed institutions including JIR Financial Solutions where he has led an innovative project aimed at developing the first Islamic Equity index at Damascus Securities Exchange.

For more information download the pdf file :

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