Our Islamic funds have their own Shariah Advisory and Supervisory Board, which is chaired by Mufti Zubair Bayat, a director of DIRECT (Darul-Ihsan Research and Education Centre) and in this capacity serves as an adviser to numerous Islamic bodies.
Our Shariah advisers meet with the portfolio manager regularly to review each of the holdings in our Shariah funds. In addition to industry screens, we conduct qualitative screens to ensure that the companies’ business activities are Shariah compliant. These screens are continuously interrogated by our Shariah advisers.
Members
Mufti Ahmed Suliman serves as a Shariah adviser and board member to a number of financial and investment companies.
Maulana Muhammad Carr is a member of the MJC fatwa department.