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Sharia Supervisory Board
Founded as a fully Sharia compliant firm, and adhering to all established Sharia compliant criteria and standards, Crestmount Capital applies internationally accepted best practices together with a corporate schema comprised of the following essential Operational Pillars: transparency, ethics, relationship management, and expert oversight.
The independent Sharia Supervisory Board of Crestmount includes the foremost experts in the fields of Islamic economics and Islamic finance from the world’s most advanced and mature Sharia compliant markets. The Sharia Supervisory Board, Islamic scholars who are respectively from Malaysia, the Kingdom of Saudi Arabia, Kuwait, and Qatar, are responsible for monitoring and approving Crestmount Capital’s investment and finance sharia compliant status and ongoing operations.
Sharia Supervisory Board Members
Datuk Dr. Mohd Daud Bakar
Datuk Dr. Mohd Daud Bakar is the Founder and Group Chairman of Amanie Group that deals with real economic activities by delivering modern and ethical Sharia compliant solutions for the challenges faced by the global Islamic finance industry. He currently sits as a Chairman of the Sharia Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and the International Islamic Liquidity Management Corporation (IILM). He is also a Sharia board member of various financial institutions, including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France), Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Bank Al Khair (Bahrain), Islamic Bank of Asia (Singapore), Dow Jones Islamic Market Index (New York), Financial Guidance (USA), amongst many others.
Dr. Mohamed Ali Elgari
Dr. Mohamed Ali Elgari 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. Ali Elgari is an advisor to many Sharia compliant Islamic financial institutions throughout the world, and is also on the Sharia board of the Dow Jones Islamic index. He is also a member of the Islamic Fiqh Academy as well as the Islamic Accounting & Auditing Organisation for Islamic Financial Institution (AAOIFI). Dr. Elgari has written several books on Islamic banking. He graduated from the University of California with a Ph.D in Economics.
Dr. Muhammad Amin Ali Qattan
Dr. Muhammad Amin Ali Qattan has a Ph.D. in Islamic Banking from Birmingham University. A prolific author of texts and articles on Islamic economics and Sharia compliant finance, Dr. Qattan is currently the Director of Islamic Economics Unit, Centre of Excellence in Management, at Kuwait University. Dr. Qattan also serves as the Sharia advisor to many reputable institutions such as Ratings Intelligence, Standard & Poors Sharia Indices, Al Fajer Retakaful amongst others. He is a highly regarded Sharia Scholar, and is based in Kuwait.
Dr. Osama Al Dereai
Dr. Osama Al Dereai is a Sharia scholar from Qatar. Dr. Al Dereai has extensive experience in teaching, consulting and research in the field of Islamic finance with emphasis on Sharia compliant structures. He received his Bachelor’s degree specialising in the Science of Hadeth Al Sharef from the prestigious Islamic University of Madinah. Dr. Al Dereai obtained his Masters degree from the International Islamic University (Malaysia) and was later conferred his Doctorate in Islamic Transactions from the University of Malaya. Dr. Al Dereai is a Sharia board member of various financial institutions which include the First Leasing Company, Barwa Bank, First Investment Company and Ghanim Al Saad Group of Companies amongst others.