Advisory Services in Islamic Economics and Finance

Advisory Services in Islamic Economics and Finance

Islamic Development Bank Group (IDBG) IDBG Vision To foster the economic development and social progress of member countries and Muslim communities individually and collectively in accordance with the principles of Shari ah 56 member countries USD 150 billion+ capital Rated AAA* Almaty Ankara Project Financing Development Assistance Poverty Alleviation Technical Assistance/Capacity Building Trade Cooperation & Finance SME Financing Resource Mobilization Equity Investments Insurance & Reinsurance Research & Training in Islamic Finance Awqaf Investment & Financing Scholarships Emergency Relief Public and Private Sector Advisory *(S&P, Moody s and Fitch) Headquarters: Jeddah, Saudi Arabia Dakar Rabat Abuja Cairo JEDDAH Regional Offices: Almaty, Kazakhstan Kuala Lumpur, Malaysia Rabat, Morocco Dakar, Senegal Dhaka Kuala Lumpur Jakarta Gateway Offices: Ankara, Turkey Jakarta, Indonesia Abuja, Nigeria Dhaka, Bangladesh Cairo, Egypt 2 Islamic Research and Training Institute

Islamic Development Bank Group (IDBG) IDB is an international financial institution established in 1395H (1975) to foster economic development and social progress of member countries and Muslim communities in non-member countries IRTI was established in 1401H (1981) to lead and sustain the development of a dynamic and comprehensive Islamic Financial Services Industry (IFSI) ICIEC was established in 1415H (1994) to boost intra-trade among OIC member countries by providing Shari ah-compliant export credit insurance and reinsurance facilities ICD was established in 1420H (1999) to promote private sector development in member countries by providing a wide range of Shari ah-compliant financial products and services ITFC was established in 1429H (2008) to encourage trade among Organization of Islamic Cooperation (OIC) member countries Islamic Research and Training Institute 3

Islamic Research and Training Institute (IRTI) Leading and sustaining the development of a dynamic and comprehensive Islamic Financial Services Industry (IFSI) Supporting the socio-economic development of member countries and Muslim communities in non member countries Vision To be the global knowledge center for Islamic economics and finance by 1440H Mission To inspire and deliver cutting edge research, capacity building, advisory and information services in the area of Islamic economics and finance As a center of excellence, IRTI undertakes research, conducts training, provides advisory services and enhances capacity building in basic and applied Islamic economics, banking and finance 4 Islamic Research and Training Institute

IRTI Departments and Divisions Research & Advisory Department Divisions Research and innovation to enable the development of economic, financial and banking activities in Muslim countries in conformity with Shari ah Research Advisory Enabling growth and development of the Islamic economics and finance industry by providing solutions to clients and stakeholders in the public and private sector Dissemination of research and policy findings in different fields through seminars, workshops and training programmes for IDB member countries Training Information & Knowledge Development, updating and maintenance of databases and knowledge sources of Islamic banking and finance, and dissemination of industry data to stakeholders Training & Information Department Islamic Research and Training Institute 5

IRTI Products and Services Research and Publications Advisory Services Capacity Building and Training Information Services Learning Initiatives Encouragement Programs 6 Islamic Research and Training Institute

Advisory Activities Islamic Economics & Finance Advisory Product Development Advisory Services Customized Training Knowledge Dissemination Financial Products from Islamic Fiqh Zakat and Awqaf Products Islamic Financial Product Development Regulatory Frameworks Shari ah Research, Guidelines & Toolkits Islamic Banking Windows Conversion to Islamic Banking Shari ah Audit and Advisory Technical Support for Sukuk Issuance Shari ah Governance Shari ah Standards Islamic Banking Products and Instruments Waqf and Zakat Lectures Symposia Conferences Publications Islamic Research and Training Institute 7

Advisory Team 8 Islamic Research and Training Institute

Advisory Team Dr. Azmi Omar is the Director General of IRTI Dr. Azmi is a leading academician, Islamic Finance expert and a frequent speaker at global conferences and events Dr. Azmi was previously Deputy Rector at the International Islamic University Malaysia, where he was instrumental in establishing a center of excellence for Islamic Economics and Finance Dr. Azmi holds a PhD in Finance from Bangor University, Wales, United Kingdom and a Masters in Business Administration from the Northern Illinois University, USA Dr. Ahmed Iskanderani is the Acting Director of Research and Advisory Services Department at IRTI Dr. Iskanderani is a Principal Knowledge Management and Information Technology expert who has led numerous major Knowledge Management, IT strategy and transformation projects within IDB and OIC Member Countries Dr. Iskanderani holds a PhD in Computer, Information and Control Engineering from the University of Michigan, Ann Arbor, USA and a Masters in Electrical and Computer Engineering from University of California, USA Islamic Research and Training Institute 9

Advisory Team Yahya Aleem ur Rehman is the Division Manager for Advisory Services in Islamic Economics and Finance at IRTI Yahya is a Development Economist with significant experience and expertise in Islamic finance, strategy development, feasibility studies, business planning, capacity building and project management across Europe, Middle East and South Asia Yahya is a Rhodes Scholar and holds a Masters in Economics from the International Islamic University, Pakistan, a Masters in Development Management from the London School of Economics and a Masters in Politics and Economics from the University of Oxford, United Kingdom Abdulmonem Addas is the Lead Islamic Finance Specialist at IRTI Abdulmonem is an expert in investment and commercial banking with over 25 years experience in advising clients in money and capital markets, business expansion, product structuring and development across Europe, Middle East and North America Abdulmonem has a Masters in Business Administration with Double Majors in Finance and Financial Markets from Columbia Business School, Columbia University, New York and Bachelors in Finance, Insurance and Real Estate from the California State Polytechnic University, USA 10 Islamic Research and Training Institute

Advisory Team Dr. Layachi Feddad is a Senior Islamic Finance Specialist at IRTI Dr. Layachi is a Shari ah expert with over 30 years of experience in Shari ah compliant product structuring, conversion, governance, review and audit for public and private sector entities Dr. Layachi is an expert of Fiqh Academy and represents IDB as a representative on the Shari ah Board of AAOIFI, as a member on the Shari ah Board of IIRA, as a committee member on accreditation of the training packages and trainers of CIBAFI as well as a regular speaker at conferences on Zakat, Awqaf and other Shari ah instruments Dr. Layachi holds a PhD and Masters in Islamic Economics from the Umm Al Qura University, Makkah, Saudi Arabia Dr. Abdullahi Mohamed is a Senior Islamic Finance Specialist at IRTI Dr. Abdullahi is a Shari ah expert, market practitioner and trainer with rich experience in product structuring, conversion and, Shari ah accounting, audit and review Dr. Abdullahi has previously worked in Malaysia and UAE with Islamic Banks and advisory services providers and is a frequent speaker at Shari ah conferences and symposia Dr. Abdullahi is a certified Shari ah Advisor and Auditor (CSAA) and holds a PhD and Masters in Fiqh and Usul Al Fiqh from the International Islamic University, Malaysia Islamic Research and Training Institute 11

Advisory Team Ahmed Fadhlan Yahaya is an Islamic Finance Specialist at IRTI Fadhlan is a Shari ah professional and practitioner with excellent academic background and hands on experience in dealing with Shari ah structuring and compliance issues Prior to joining IRTI, Fadhlan was Senior Vice President and Head of the Shari ah Secretariat and Compliance at Al Rajhi Bank Malaysia and provided Shari ah oversight across the bank s overall operations Fadhlan has a Masters and BA (Hons.) in Islamic Revealed Knowledge and Heritage with specialization in Fiqh from the International Islamic University, Malaysia Mehmet Fehmi Eken is an Islamic Finance Specialist at IRTI Fehmi has worked on numerous market information gathering, analysis and assessment exercises at IRTI Fehmi is also involved in the managing of the Islamic Banks Information System (IBIS) which holds a wealth of information on the Global Islamic Banking Industry Prior to joining IRTI, Fehmi has worked in the industry with Albaraka Turk Participation Bank and Turkiye Finans Participation Bank in Corporate Credit and Operations Fehmi has a Masters in Banking from Marmara University and a Bachelors in Politics from Ankara University, Turkey 12 Islamic Research and Training Institute

Select Credentials Introduction of Islamic Banking Windows Islamic Product Structuring Islamic Contracts Islamic Product Structuring Islamic Contracts (Bank for Financing Small and Medium Enterprises) Republic of Tunisia Fund Manager for Theemar SME Fund Tunisia Introduction of Islamic Banking Windows Shari ah Governance Islamic Product Structuring Islamic Contracts Shari ah Compliant Musharakah Fund Structuring Shari ah Compliant Fund Management Shari ah Review and Audit Shari ah Governance Policies and Procedures Introduction of Islamic Banking Products Shari ah Structuring and Review Business Development Islamic Research and Training Institute 13

Partnerships and Alliances 14 Islamic Research and Training Institute

Thought Leadership and Reports Islamic Research and Training Institute 15

For Further Details: Yahya Aleem ur Rehman Division Manager Islamic Economics & Finance Advisory IRTI, Islamic Development Bank Group Together We Build a Better Future (A Member of The Islamic Development Bank Group) P.O.Box 9201, Jeddah 21413 Kingdom of Saudi Arabia Email: yrehman@isdb.org Tel: +966 12 646 6139 Mob: +966 55 231 2712 Fax: +966 12 637 8927 Web: www.irti.org