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 (SSB) of Crestmount Fund I includes the foremost experts in the fields of Islamic economics and Islamic finance from the world’s most advanced and mature Sharia markets. The SSB, Islamic scholars who are respectively from Malaysia, the Kingdom of Saudi Arabia, Kuwait, and Qatar, are responsible for monitoring and approving Crestmount Capital’s Crestmount Fund I Sharia-compliant status and ongoing operations.
Sharia Supervisory Board Members
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 Islamic financial institutions throughout the world, and is also on the Shariah 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.
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 solutions for the challenges faced by the global Islamic finance industry. He currently sits as a Chairman of the Shariah 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 Shariah 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. 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 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 Shariah 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 Shariah scholar from Qatar. Dr. Al Dereai has extensive experience in teaching, consulting and research in the field of Islamic finance. He received his Bachelor’s degree specializing 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 Shariah 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.
In addition to Crestmount Capital’s independent SSB and adherence to Sharia-compliant standards and guidelines, the corporate Operational Pillars were developed with the input of some of the world’s most stringent legal and accounting firms.