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Al Barakah

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About Al Baraka | | Al Baraka Islamic Bank B.S.C. (c) - Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Islamic banking and finance. The Bank is registered with the Bahrain Ministry of Industry &, Commerce CR no. 14400 and is licensed by Central Bank of Bahrain (CBB) as an Islamic Retail Bank, with an authorized capital of US$ 600 Million, of which US$ 122 Million has been issued and fully paid.AIB - Bahrain is one of the Banking Units of Al Baraka Banking Group's (ABG). ABG is a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges and one of the well-known leading international Islamic banks. It has been rated by Standard & Poor's as BBB- with a short-term rating of A-3. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Sharia'a. The authorized capital of ABG is US$1.5 billion, while the total equity amounts to about US$ 1.8 billion. The Group has a wide geographical presence in the form of subsidiary banking Units in 14 countries, which in turn provide their services through more than 400 branches. These banking Units are Jordan Islamic Bank/ Jordan, Al Baraka Islamic Bank - Bahrain, Al Baraka Bank Limited/ Pakistan, Banque Al Baraka D'Algerie/ Algeria, Al Baraka Bank Sudan/ Sudan, Al Baraka Bank Ltd/ South Africa, Al Baraka Bank Lebanon/ Lebanon, Al Baraka Bank Tunisia/ Tunisia, Al Baraka Bank Egypt/ Egypt, Al Baraka Turk Participation Bank/ Turkey, Al Baraka Bank Syria/ Syria, and Representative office in Indonesia & Libya.AIB - Bahrain with a longstanding track record of delivering excellence, innovation and superior results, the Bank ranks among the leading providers of Islamic investment banking products and services to a growing global clientele, focused exclusively on the development and delivery of unique investment solutions of Sharia'a compliant. Thanks to its ability to consistently deliver innovative, yet simple investment strategies grounded in the breadth and depth of its experience and resources, including a senior management team with a collective background in numerous areas of Islamic banking. The Bank had fully merged with Al Amin Bank, Bahrain (Al Amin), a sister company and member of ABG.AIB - Bahrain supported by the long tradition of strength and robust financial position of its parent company ABG, count on quality of investments, strength of performance and a sound financial position, the Bank have enjoyed a commendable market reputation as the leading short-term liquidity manager for institutional investors. The resources and capabilities available to the Bank guarantees its success in executing its firm strategies. |

Board of Directors | | | Khalid Rashid Al Zayani
Chairman | | | Adnan Ahmed Yousif
Deputy Chairman | | | Abdul Latif Abdul Rahim Janahi
Board Member | | | Musa Abel Aziz Shihadeh
Board Member | | | Ashraf Ahmed Mustafa El-Ghamrawi
Board Member | | | Yousef Ali Fadel Ben Fadel
Board Member | | | Maqbool Habib Khalfan
Board Member | | | Abdulrahman Abdulla Mohamed
Board Member | | | Dr. Khalid Abdulla Ateeq
Board Member | | | Mohamed Isa AL Mutaweh
Chief Executive Officer & Board Member | | | | |

Shari'a Board | | | | Shaikh Dr. Abdul Satar Abdul Karim Abu Ghuddah | | | | Shaikh Esam Mohammed Ishaq | | | | Shaikh Nizam Yaqoobi | |

The Management | | Mohamed Isa AL Mutaweh
Chief Executive Officer & Member of the Board of Directors | | | | Tariq Mahmood Kazim
Deputy General Manager, Support Services Group | | | | Moosa Abdul Latif Mohammed
Assistant General Manager-Operations | | | | Rashid H. Alalaiwi
Deputy General Manager – Business Group | | | | Nadeem Khan
Assistant General Manager & Chief Financial Officer | | | | | | | | Fouad El-Ouzani
Assistant General Manager - Credit | | | | Maisoon Mohamed Shams
Assistant General Manager - Risk Management & Compliance | | | | Asrar Uddin
Assistant General Manager - Information Technology | | | | Isa Jassim Alobaidly
Assistant General Manager - Human Resources & Adminstration | | | | Adel Jassim Al-Manea
Assistant General Manager - Commercial Banking | | | | Hussain H. Nattaie
Assistant General Manager - Corporate Banking and Syndications | | | | Mohammed Al Mughani
Manager - Head of Internal Audit | | | | Mohammed Jassim Hassan
Assistant Manager - Shariaa Controller | | Last Updated:25/01/2016

Vision | | 'We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community' | Mission | | 'To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success' |

CIMB
CIMB Islamic is the global Islamic banking and finance services franchise of CIMB Group. We offer innovative and comprehensive Shariah-compliant financial solutions in investment banking, consumer banking, asset management, private banking and wealth management.
We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, wholesale banking, asset management products and services which comply with Shariah principles. We are part of the fifth largest banking group in ASEAN, with over 40,000 staff in 17 countries across ASEAN, Asia and beyond.
This enables us to provide a wide range of products and services to commercial, corporate, and institutional customers across ASEAN, the Middle East, South Asia, North Asia, and major international financial centres. Our products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Shariah Committee, which comprises the world’s leading Islamic scholars.
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Board of Directors * CIMB Islamic Bank Berhad * Datuk Dr. Syed Muhamad Syed Abdul Kadir
Chairman / Non-Independent Non-Executive Director
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Datuk Dr. Syed Muhamad graduated with a Bachelor of Arts (Hons.) degree from the University of Malaya in 1971. He obtained a Masters of Business Administration degree from the University of Massachussets in 1977 and obtained a Ph.D (Business Management) from Virginia Polytechnic Institute and State University in 1986.
In 2005, he obtained a Bachelor of Jurisprudence (Hons) degree from the University of Malaya and obtained a Certificate in Legal Practice in 2008. He was admitted as an Advocate and Solicitor of the High Court of Malaya in July 2009. In November 2009, he completed his LLM (Corporate Law) degree from Universiti Teknologi MARA (UiTM). In June 2011, he became a member of The Chartered Institute of Arbitrators, United Kingdom and in May 2012 became the fellow of the Institute. * Rafe Haneef
Executive Director / Chief Executive Officer
Rafe became the Chief Executive Officer of CIMB Islamic Bank Berhad on 4th January 2016 and is in charge of the CIMB Group's Islamic banking and finance franchise. CIMB Islamic operates as a parallel franchise to the Group’s conventional operations and covers Islamic wholesale banking, Islamic consumer banking, Islamic commercial banking and Islamic asset management and investment. * Cik Habibah Abdul
Independent Director
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Habibah Abdul has been appointed as Independent Non-Executive Director of CIMB Islamic effective 19 January 2012. Habibah was previously the Group Partner of the Audit & Business Advisory Division in Ernst & Young (EY).
She brings with her 34 years of experience in advisory services to financial institutions as well as large public listed entities, multinational and local corporations. * Puan Rosnah Dato’ Kamarul Zaman
Independent Director
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Rosnah Dato’ Kamarulzaman has been appointed as Independent Executive Director effective 28 March 2014. Rosnah is currently Independent Director of CIMB Bank Berhad and a Trustee of CIMB Foundation. She started her career as a Management Trainee with the former Bank of Commerce in 1979, and left the bank in 2005, after its merger with CIMB. Her last appointment at the bank was as Senior Executive Vice President heading the Banking Unit, responsible for Retail Banking, Business Banking, Corporate Banking, Treasury and International Banking. * Associate Professor Dr. Mohamed Azam Mohamed Adil
Independent Director
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Associate Professor Dr. Mohamed Azam Mohamed Adil, was appointed as Independent Director of CIMB Islamic Bank Berhad on 5 November 2014 and is the Chairman of the Group Shariah Committee. He currently serves as Deputy CEO cum Principal Fellow of the International Institute of Advanced Islamic Studies (IAIS) Malaysia. * Professor Dato Dr. Sudin bin Haron
Independent Director
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Professor Dato’ Dr.Sudin was appointed as Independent Director of CIMB Islamic Bank Berhad on 5 November 2014 and is a Member of the Group Shariah Committee. He is currently the Special Adviser to University College Bestari, Terengganu and Founding Chairman of the Malaysian Waqaf Federation. He is one of the world’s renowned scholars in Islamic banking &finance and business & management. He has published more than 10 books and 70 articles in international journals. * Datin Rossaya Mohd Nashir
Company Secretary
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As secretary of the company, Datin Rossaya supports the Chairman and the Board and advises them on their duties and responsibilities, governance matters including compliance to laws and regulatory requirements and ensures that a corporate governance framework is in place for the Board to perform its role professionally and effectively.

Shariah Committee * Assoc. Professor Dr. Mohamed Azam Mohamed Adil
Chairman
Deputy Chief Executive Officer (“CEO”) cum Principal Fellow of the International Institute of Advanced Islamic Studies (IAIS) Malaysia.
Assoc. Professor Dr. Mohamed Azam, was appointed as Independent Director of CIMB Islamic Bank Berhad on 5 November 2014 and is the Chairman of the Group Shariah Committee. He currently serves as Deputy CEO cum Principal Fellow of the International Institute of Advanced Islamic Studies (IAIS) Malaysia. * Sheikh Profesor Dr Mohammad Hashim Kamali
Founding Chief Executive Officer (“CEO”) of the International Institute Of Advanced Islamic Studies (IAIS) Malaysia
Prof. Dr. Mohammad Hashim is a Canadian and Malaysia permanent resident. He is currently the Chairman and CEO of the International Institute of Advanced Islamic Studies and a member of the SC Shariah Advisory Council for the period from July 2010 to June 2012. He formerly served as a Professor of International Institute of Islamic Thought and Civilisation (ISTAC) and Ahmad Ibrahim Kulliyyah of Laws, International Islamic University, Malaysia (IIUM). He has been teaching Islamic law and jurisprudence since 1985. * Sheikh Dr Nedham Yaqoobi
Independent Shariah Adviser
Sheikh Dr. Nedham Yaqoobi is a renowned Shariah scholar. He sits on various Shariah boards of Islamic banking and financial institutions globally including the Dow Jones Islamic Market Indexes, the Accounting and Auditing Organisation for Islamic Financial Institutions and the International Islamic Financial Market. He is the author of several articles and publications on Islamic finance and other sciences, in English and Arabic. He was educated in classical Shariah in his native Bahrain and in Makkah under the guidance of eminent scholars, including Sheikh Abdulla al-Farisi, Sheikh Yusuf al-Siddiqi, Sheikh Muhammed Saleh al-Abbasi, Sheikh Muhhamed Yasin al Fadani (Makkah), Sheikh Habib-ur-Rahman A. Zaini (India), Sheikh Abdulla bin Al-Siddiq Al-Ghumar (Morocco), and others. * Sheikh Dr Haji Mohd Nai'm Haji Mokhtar
Chief Judge of Selangor Syariah Court, and the Director of the Family Support Division, Malaysian Shariah Judiciary Department, Prime Minister’s Department
Sheikh Dr. Haji Mohd Nai’m Haji Mokhtar is the Chief Judge of Selangor Syariah Court and the Director of the Family Support Division, Malaysian Shariah Judiciary Department, Prime Minister’s Department. He served as a lecturer at the Ahmad Ibrahim Kuliyyah of Laws, International Islamic University, Malaysia from 1990 to 1997. He then joined Messrs Zulkifli Yong, Azmi & Co. as a Shariah lawyer before being appointed as a Shariah judge in 1998. * Sheikh Associate Professor Dr. Shafaai Bin Musa
Chief Executive Officer, Johor Institute of Integrity, Leadership and Training
Associate Professor Dr. Shafaai Musa is a Malaysian, currently serving as Chief Executive Officer at Johor Institute of Integrity, Leadership and Training, an institute under Johor Chief Minister Office. He is the Chairman of Sun Life Malaysia Takaful Berhad Shariah Committee. He has more than fifteen years of experience in teaching Islamic law and jurisprudence and wrote several researches and articles. He also served as a member of Shariah Expert Panel for the Department of Islamic Development Malaysia since 2005. He formerly served as Executive Director, Centre for Continuing Education International Islamic University Malaysia and Chief Executive Officer, International Islamic College cum Chief Executive Officer, International Islamic University Malaysia Higher Education Sdn. Bhd. * Sheikh Dr Yousef Abdullah Al Shubaily
Associate Professor, Comparative Jurisprudence Department, High Institute of Judiciary, Imam Muhammad Bin Saud Islamic University, Kingdom of Saudi Arabia
Sheikh Dr. Yousef Abdullah Al Shubaily lectures at the Comparative Jurisprudence Department, High Institute of Judiciary, Imam Muhammad Bin Saud Islamic University in the Kingdom of Saudi Arabia. He also serves as a Co-operating professor for the American Open University. * Professor Dato' Dr. Noor Inayah Ya'akub
Professor, Pusat Kebijaksanaan Sejagat (Global Wisdom Centre), Universiti Islam Malaysia.
Prof. Dato' Dr. Noor Inayah is a Malaysian, currently attached as a Professor at Pusat Kebijaksanaan Sejagat (Global Wisdom Centre), Universiti Islam Malaysia.
She received her Bachelor of Shariah Law (Hons) and Bachelor of Law (Hons) from International Islamic University, Malaysia, LLM (Master of Comparative Conventional & Banking Law) from University of Bristol, United Kingdom and Ph.D (Comparative Conventional & Islamic Banking Law of Guarantee) from the University of Manchester, United Kingdom. She holds a certificate of Product Management from “ISIS INNOVATION” Centre, University of Oxford, United Kingdom. * Sheikh Muhamad Taufik Ridlo
Faculty lecturer, Department of Islamic Banking, SEBI School of Islamic Economics, Depok, West
Sheikh Muhamad Taufik Ridlo is an Indonesian Islamic scholar who is currently a Chairman of Yayasan Bina Tsaqofah Legal Institution of SEBI (Shariah Economic Banking Institute) College. He is also a Senior Consultant in SEBI Consulting as well as Senior Trainer at the Management Zakat Institute (IMZ), Indonesia. He is teaching Islamic Jurisprudence, Islamic law of transaction, Islamic Banking Management, Introduction to Islamic economic and any subject about Zakat and waqf.He received his first degree of Islamic studies from University of Mu’tah, Jordan in 1996 and obtained his postgraduate of Islamic Banking from Arab Academy for Banking and Financial Sciences, Jordan in 1999. * Professor Dato' Dr. Sudin Haron
Special Adviser to University College Bestari, Terengganu and Founding Chairman of the Malaysian Waqaf Federation
Professor Dato’ Dr.Sudin, was appointed as Independent Director of CIMB Islamic Bank Berhad on 5 November 2014 and is a Member of the Group Shariah Committee. He is currently the Special Adviser to University College Bestari, Terengganu and Founding Chairman of the Malaysian Waqaf Federation. He is one of the world’s renowned scholars in Islamic banking &finance and business & management. He has published more than 10 books and 70 articles in international journals.

Vision, Mission & Values
Our Vision:
To be the leading ASEAN company
Our Mission:
To provide Islamic universal banking services as a high performing, institutionalised and integrated company located in ASEAN and key markets beyond, and to champion the acceleration of ASEAN integration and the region’s links to the rest of the world.
Our Values:
Our values are the beliefs that guide our actions as we pursue our vision. * Customer-centric:
We exist to serve our customers and we sell products and services that our customers understand and value. * High performance:
We work hard and we work strategically for customers, staff and other stakeholders. * Enabling People
We empower and align our people to innovate and deliver value in their workplace as well as for the community they serve. * Strength in Diversity
We have respect for different cultures, we value varied perspectives and we recognise diversity as a source of strength. * Integrity
We are honest, respectful and professional in everything we do because integrity is the founding value of CIMB.

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...India Stuart 12/3/12 Kimball Essay In Kimball’s book, When Religion Becomes Evil, he addresses five simple warning signs of corruption and evil in religion. The five simple warning signs he addresses are: absolute truth claims, blind obedience, establishing the “Ideal Time”, the end justifies any means, and declaring holy war. These warning signs are easy to spot in writings and actions of those who are involved in religious corruption. The book highlights and details each sign as well as giving examples to represent each. In the four pages of notes left behind from the terrorist involved in the 9/11 attacks these signs were also represented. The first of the five signs, absolute truth claims was represented in the notes multiple times. The terrorist takes different verses from the Qur’an and tries to justify the actions they are going to commit. The words of the Qur’an are interpreted in many different ways by Muslims and in this case the terrorist was only interpreting the different verses in a way that would be beneficial to him. “Sacred texts provide a rich source of wisdom and guidance in the vicissitudes of life. Like all things powerful, sacred texts can be misused through a kind of sanctification of the whole and through selective reading and interpretation. Sacred texts are the most easily abused component of religion (Kimball 2008).” The terrorist takes the words of the Qur’an and twists them in his own mind to make it seem as if the actions are acceptable. Some...

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