Wednesday, February 15, 2012

ASAS - Assoc.of Shariah Advisor in Islamic Finance

Discourse with Dr.Aznan Hasan - President, ASAS
Venue: ISRA, Petaling Jaya

ASAS is the acronym for "The Association of Shariah Advisor in Islamic Finance".

Amongst matters discussed:-
* Development of the role of Shariah Advisor,
> from Advisor to Shariah Supervisory Board (SSB) to Shariah Advisory Council (SAC).
* Legislation
* Separation of Powers / Different Purviews of the BNM and Securities Commission SAC
* ASAS Objectives, Membership Criterias, Programmes and Way Forward

ASAS Office Bearers
PRESIDENT: Dr. Aznan Hasan
DEP. PRESIDENT: Dr. Ashraf Md. Hashim
SECRETARY: Dr. Rusni Hasan
DEP.SECRETARY: Dr. Asyraf Wajdi Dusuki
TREASURER: Dr. Akhtarzaite Abdul Aziz
EXCO Members:
Dr. Mohamad Akram Laldin
Dr. Abdul Rahman Awang
Ust. Suhaimi Yusuf

AHM Comments:
Amirul HM still remembers his first meeting with the Late Tan Sri Ahmad Ibrahim in 1995 which took place at IIUM, P.Jaya Main Campus then. The purpose of AHM visit was to ask for Tan Sri's recommendations as to suitable candidates to become Shariah Advisor(s) for a
financial institution intending to start the Islamic Banking Scheme then known as the Interest-Free Banking Unit(IBU) in which AHM was hired to set-up and

The end result, instead of 1...6 persons were hired I.e. 3 Shariah Scholars but with limited exposure to Banking operations and 3 Professors from the Kulliyyah of Economics and Management Sciences(KENMS),with limited working application of the usul al-fiqh. The whole intentions were for them to learn from each other strengths.

How things have changed.


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