Shariah Advisory

BIMB Securities is a registered Shariah Adviser under the Securities Commission Malaysia (SC) and the Malaysia Co-operative Societies Commission (SKM).

With over 20 years of experience in Shariah advisory services and guided by the qualified and experienced Shariah advisory members, BIMB Securities provides an effective service at competitive cost to review the operations of Islamic Capital Market product offerings such as unit trust and wholesale funds, private mandate funds, real estate investment trusts and other investment products as well as financing products to ensure Shariah compliance. Continuous compliance to Shariah principles will help to boost investors’ confidence as well as ensure compliance with regulatory requirements.

BIMB Securities also provides expert Shariah advisory services and guidance on all Shariah-related matters and Shariah governance for corporate entities such as fund management companies, co-operatives, private-limited companies and public-listed companies.

The services include the following:

1. Shariah Advisory at Products Level


(includes Islamic capital market products such as Islamic funds and other investment as well as financing products)

• Advisory on the structuring of new product including conversion of conventional product into Shariah-compliant and issuance of Shariah endorsement.
• Advisory on product’s documentation and issuance of Shariah confirmation.
• Continuous review of the investment portfolio and issuance of the Shariah certification.
• Continuous guidance to assist client’s day-to-day operations.
• Performing in-depth research and studies on Shariah issues.

2. Corporate Entities


(includes fund management companies, co-operatives, private-limited companies and public-listed companies)

• Ongoing advisory and guidance on all Shariah-related matters and Shariah governance of the corporate entity.
• Advisory on the policies and procedures of the corporate entity and issuance of Shariah confirmation.
• Review and certification of all documentation such as product documentation, agreements, forms, and others to ensure compliance with Shariah.
• Continuous Shariah compliance reviews on business and product operations.
• Annual Shariah Confirmation Statement confirming end-to-end Shariah compliance of the corporate entity.

Shariah Training

BIMB Securities also provides Shariah training to the clients’ staff, to enhance their understanding and capability in operating Islamic products or entities. Among the topics covered in the Shariah training are key aspects of Islamic capital market matters tailored to clients’ needs and objectives.