Shariah Adviser

The Shariah Adviser for Pacific Mutual’s Shariah-compliant funds is BIMB Securities Sdn. Bhd. (BIMBSEC). BIMBSEC, a stockbroking subsidiary of BIMB Holdings Bhd. was incorporated on 21 February 1994. It was set up to pioneer the development of the Islamic financial system in the capital market. Its mission is to offer facilities and services in the securities industry which are in compliance with Shariah to the Muslims and Non-Muslims in Malaysia and elsewhere. The Company strives to enhance its efforts in contributing to the success of the nation’s target to become a regional and international centre of Islamic finance. BIMBSEC has been offering Shariah services to its clients and it was registered with the Securities Commission to act as a Shariah adviser for Shariah-compliant collective investment schemes since 1998. As at 13 November 2018, there are over eighty (80) Shariah-compliant funds under its Shariah supervision.

Profile Of Designated Shariah Person:
Ir. Dr. Muhamad Fuad bin Abdullah (Dr. Muhamad Fuad), appointed by BIMBSEC on 1st June 2011 is the designated person-in-charge of all Shariah matters in BIMBSEC. He was also concurrently appointed to the Shariah Advisory Committee of BIMBSEC.

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 a registered Shariah Adviser with the Securities Commission Malaysia (SC) since 2010. Currently, he also 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, Universiti Sains Islam Malaysia (USIM), USIM Tijarah Holdings Sdn. Bhd, and Institut Kefahaman Islam Malaysia (IKIM), a public company limited by guarantee.

Until early this year, Dr. Muhamad Fuad has been an EXCO member of the Association of Shariah Advisers for Islamic Finance (ASAS) since its inception in 2012. He now chairs the Association’s Professional Development Committee. He is the Chairman of the Advisory Panel of the Faculty of Syariah and Law of USIM since 4th October 2016.

Dr. Muhamad Fuad is a recipient of the National Book Award 2015 for his book published by IKIM entitled "The influence of Islam Upon Classical Arabic Scientific Writings: An examination of the Extent of Their Reference to Quran, Hadith and Related Texts”.