Board of Directors
Maybank Islamic Asset Management Sdn. Bhd. ("Maybank Islamic AM")
Kamarul Ariffin was appointed as the Chairman and the Independent Non-Executive Director of Maybank Islamic Asset Management (MIAM) on 20 February 2023.
He is a member of the Asian Institute of Chartered Bankers with more than 17 years of experience in the banking industry in various capacity culminating in his last appointment as the Group Chief Executive Officer of Affin Bank Berhad. He is currently holding the position of Chairman of Fullrich Malaysia Sdn Bhd, an E-Wallet company operating under the E-Money licence of Bank Negara Malaysia. He is also an Independent Non-Executive Director of Marine & General Berhad and the Chairman of Revenue Monster Sdn Bhd.
Kamarul’s prior experience includes the oil and gas industry where he served in both the downstream business in Shell Malaysia Trading Sdn Bhd as well as the upstream business in Trenergy Malaysia Berhad. He also spent five years in Pengurusan Danaharta Nasional Berhad, the National Asset Management Company.
Kamarul is a graduate of University of Cambridge where he studied Economics.
Dato Muzaffar Hisham was appointed as the Director of Maybank Islamic Asset Management Sdn Bhd on 22 April 2024.
He is currently the Group Chief Executive Officer of Maybank Islamic Berhad effective on 1 March 2024.
Dato Muzaffar has over 25 years of regional banking experience encompassing wholesale and retail banking at large local and foreign banks. He was previously the CEO of Maybank Islamic Berhad and Group Islamic Banking Head from March 2011 to June 2016, and Group CEO of Global Banking from July 2016 to February 2024.
Belqaizi was appointed as the Chief Executive Officer and the Executive Director of Maybank Islamic Asset Management (MIAM) since 31 January 2023 and 1 June 2023 respectively.
He joined Maybank Asset Management Sdn Bhd (MAMSB) in June 2018 as the Head, Investment Specialist & Project Management Office, where he was in charge of leading the investment specialist team as well as executing the firm's projects and strategic initiatives.
Prior to joining MAMSB, he was previously an Associate Director at UBS Investment Bank Malaysia where he was part of the Equity Sales & Trading team, managing the firm’s institutional clients. He has more than 10 years of experience in the Malaysian financial industry, started as an Institutional Sales Dealer with TA Securities Holdings Berhad and then MIDF Amanah Investment Bank Berhad.
He holds a Bachelor’s degree in business administration, majoring in Economics from Western Michigan University. He obtained his Capital Markets and Services Representative’s license for Fund Management from the Securities Commission Malaysia in 2018.
Nadjihah was appointed as the Head, Sustainability Management of Maybank Islamic Asset Management (MIAM) on 1 December 2023. She is also the Chief Commercial Officer and a Director of MIAM since 7 May 2015 and 1 November 2021 respectively. Prior to that, she headed the investment team at MIAM as the Chief Investment Officer. She joined Maybank Investment Management (later changed to Maybank Asset Management) in 2004 as a fund manager and later became the Head of Equities (Non Insurance). For over 25 years, she has accrued experience in fund management, managing primarily equities and balance funds for pension funds, unit trust funds, corporates and institutions as well as high net worth individuals.
Nadjihah started her investment career at RHB Research Institute as an equity analyst in 1994 and then moved on the fund management side in 1998. She was attached with Affin Fund Management as a fund manager until early 2004. She graduated from University of Nottingham with B.A. Law (Hons) and received her Certificate in Legal Practice in 1994. She is a holder of CMSRL license.
Management Team
Belqaizi was appointed as the Chief Executive Officer and the Executive Director of Maybank Islamic Asset Management (MIAM) since 31 January 2023 and 1 June 2023 respectively.
He joined Maybank Asset Management Sdn Bhd (MAMSB) in June 2018 as the Head, Investment Specialist & Project Management Office, where he was in charge of leading the investment specialist team as well as executing the firm's projects and strategic initiatives.
Prior to joining MAMSB, he was previously an Associate Director at UBS Investment Bank Malaysia where he was part of the Equity Sales & Trading team, managing the firm’s institutional clients. He has more than 10 years of experience in the Malaysian financial industry, started as an Institutional Sales Dealer with TA Securities Holdings Berhad and then MIDF Amanah Investment Bank Berhad.
He holds a Bachelor’s degree in business administration, majoring in Economics from Western Michigan University. He obtained his Capital Markets and Services Representative’s license for Fund Management from the Securities Commission Malaysia in 2018.
Head, Sustainability Management
Nadjihah was appointed as the Head, Sustainability Management of Maybank Islamic Asset Management (MIAM) on 1 December 2023. She is also the Chief Commercial Officer and a Director of MIAM since 7 May 2015 and 1 November 2021 respectively. Prior to that, she headed the investment team at MIAM as the Chief Investment Officer. She joined Maybank Investment Management (later changed to Maybank Asset Management) in 2004 as a fund manager and later became the Head of Equities (Non Insurance). For over 25 years, she has accrued experience in fund management, managing primarily equities and balance funds for pension funds, unit trust funds, corporates and institutions as well as high net worth individuals.
Nadjihah started her investment career at RHB Research Institute as an equity analyst in 1994 and then moved on the fund management side in 1998. She was attached with Affin Fund Management as a fund manager until early 2004. She graduated from University of Nottingham with B.A. Law (Hons) and received her Certificate in Legal Practice in 1994. She is a holder of CMSRL license.
Muhammad Riduan Jasmi was appointed as Chief Investment Officer of Maybank Islamic Asset Management (MIAM) on 6 September 2021. He is responsible for overseeing investments across asset classes together with a team of fund managers at MIAM with their respective responsibilities to manage and monitor investments, in particular, managing pension and institutional funds.
He was formerly the Director of Equities at CIMB-Principal Asset Management and prior to that, Head of Shariah and Takaful Investment at Great Eastern Life Malaysia and also Chief Investment Officer of Muamalat Invest.
Riduan has 20 years of experience in fund management, insurance, and government-linked investment companies with strong research and investment skills in managing multi types of mandates.
He holds a Bachelor of Science Degree majoring in Business and Economics from the Lehigh University, Pennsylvania USA, and is a holder of the CMSRL license.
Shariah Advisors
Maybank Islamic Berhad's Shariah Committee
Maybank Islamic Asset Management Sdn Bhd (MIAM) has appointed Maybank Islamic Berhad as the Shariah Advisor for all Shariah matters pertaining to Islamic fund management business.
Members of the Shariah Committee of Maybank Islamic Berhad are:
Maybank Islamic Berhad Shariah Committee Members
She is an Assistant Professor at the Department of Fiqh and Usul Al-Fiqh, International Islamic University Malaysia (IIUM).
She received her Bachelor’s degree in Law in 1994 and subsequently Bachelor’s degree in Shariah a year later in 1995. She then obtained her Master’s degree in Fiqh and Usul Al-Fiqh in 2000 and followed-by PhD in Fiqh and Usul Al-Fiqh in 2015, all from International Islamic University Malaysia (“IIUM”).
Currently, she is a member of the Shariah Advisory Council of Securities Commission Malaysia. She also sits as a Shariah Committee member of Prudential BSN Takaful.
He is a senior lecturer at the Research Centre for Shariah, Faculty of Islamic Studies at Universiti Kebangsaan Malaysia (UKM).
Dr Nik Abdul Rahim received his bachelor’s degree in Shariah from Islamic University of Medina in 2003 and master’s degree in Shariah from UKM in 2009. He then obtained his PhD in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF, Malaysia ) in 2017.
Currently, he serves as a Chairman of Shariah Committee of SME Development Finance Corporation, Maldives and a member of Shariah Advisory Body of Syarikat Takaful Malaysia Keluarga Berhad, a member of Jawatankuasa Perundingan Hukum Syarak Wilayah Persekutuan - Pejabat Mufti Wilayah Persekutuan and Jawatankuasa Fatwa Negeri Terengganu and Syariah Advisory Panel of Wasiyyah Shoppe Berhad and Shariah Committee of UKM.
She is a senior lecturer at Arshad Ayub Graduate Business School and the Faculty of Business and Management, Universiti Teknologi MARA.
She received her bachelor’s degree in Shariah (Economics) and her master’s degree in Shariah (Islamic Banking) from the University of Malaya in 1995 and 2004 respectively. She then obtained her Doctor of Philosophy degree in Islamic Banking and Finance from the International Islamic University Malaysia in 2012.
Currently, she serves as a member of Shariah Committee, Agrobank (Malaysia) and AmMetLife Takaful Berhad.
He holds a Bachelor in Islamic Jurisprudence (Fiqh wa Usul) from Al al-Bayt University, Jordan in 2002 and Master in Islamic Management, Banking and Finance at Loughborough University, UK in 2004. He is currently pursuing his PhD at International University of Malaya-Wales.
Currently, he is an Independent Non-Executive Director at FWD Takaful Malaysia Berhad.
He received his Bachelor Degree in Shariah from University of Malaya, and a Master’s degree in Islamic Studies from University of Birmingham, United Kingdom. He then obtained his PhD from the University of Aberdeen, United Kingdom.
He is a Senior Distinguished Fellow, UniShams and has over 30 years of working experience in the field of Shariah related to Islamic finance which include Islamic banking, takaful, Islamic capital and money market.
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