Our Shariah Board
Besides normal audits, Lotus Capital subjects itself to a regular Shari’ah review of operations carried out by an independent Shari’ah Advisory Board. This review ensures that we do not use funds for prohibited activities and also guides the development of new products and services. The members of the Shari’ah Advisory Board are Islamic scholars, well versed in Islamic laws, principles, and traditions relating to trade, finance, and economics.
The Shari’ah Advisory Board confirms whether, in their opinion, current and proposed investments are acceptable from an Islamic perspective.
Prof. Monzer Kahf
Shariah Board
Prof. Monzer Kahf
Shariah Board
Professor Monzer Kahf has over 30 years’ experience in Islamic finance, banking and economics. He is Professor of Islamic finance at the MSC program in the Qatar Faculty of Islamic Studies. Based in based in California, USA, he is also a private Consultant, Professional Trainer and Lecturer, in Islamic banking, finance and economics.
Between 1985 to 1999, Prof. Kahf served as an Economist, Senior Economist and then, head of the Research Division of the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), Jeddah, Saudi Arabia. He does professional training and consults for international and national banks, finance and investment institutions and specialists, legal advisors, etc. in Islamic finance, banking and economics across the USA, Canada, UK, Switzerland, Germany, Turkey, Egypt, South Africa, Trinidad and Tobago, Kuwait, United Arab Emirates, Bahrain, Iran, Malaysia Indonesia and Singapore.
He also provides expert opinions to courts in disputes related to Islamic finance. Prof. Kahf has developed several training modules in Islamic banking and finance, Zakah, Trusts (Awqaf) and Islamic economics in general. In addition to his experience as a lecturer, he also served as a Professor of Islamic Economics and Banking in the graduate program of Islamic economics and banking, School of Shari’ah, Yarmouk University, Jordan.
He has written 28 books and presented over 91 published articles (both in English and Arabic) on Trusts (Awqaf), Zakah, Islamic finance and banking and other areas of Islamic economics, in conferences and seminars across the world.
Prof. Kahf holds a Ph.D in Economics from the University of Utah, Salt Lake City, Utah (1975), a High Diploma in Social and Economic Planning, UN Institute of Planning, Damascus, Syria (1967) and also a B. A, Business from University of Damascus, Damascus, Syria, (1962) where he won the President of Syria Award for best University Graduating Student. He also received the Islamic Development Bank (IDB) Prize for Islamic Economics in 2001.
He speaks English, Arabic and French.
Between 1985 to 1999, Prof. Kahf served as an Economist, Senior Economist and then, head of the Research Division of the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), Jeddah, Saudi Arabia. He does professional training and consults for international and national banks, finance and investment institutions and specialists, legal advisors, etc. in Islamic finance, banking and economics across the USA, Canada, UK, Switzerland, Germany, Turkey, Egypt, South Africa, Trinidad and Tobago, Kuwait, United Arab Emirates, Bahrain, Iran, Malaysia Indonesia and Singapore.
He also provides expert opinions to courts in disputes related to Islamic finance. Prof. Kahf has developed several training modules in Islamic banking and finance, Zakah, Trusts (Awqaf) and Islamic economics in general. In addition to his experience as a lecturer, he also served as a Professor of Islamic Economics and Banking in the graduate program of Islamic economics and banking, School of Shari’ah, Yarmouk University, Jordan.
He has written 28 books and presented over 91 published articles (both in English and Arabic) on Trusts (Awqaf), Zakah, Islamic finance and banking and other areas of Islamic economics, in conferences and seminars across the world.
Prof. Kahf holds a Ph.D in Economics from the University of Utah, Salt Lake City, Utah (1975), a High Diploma in Social and Economic Planning, UN Institute of Planning, Damascus, Syria (1967) and also a B. A, Business from University of Damascus, Damascus, Syria, (1962) where he won the President of Syria Award for best University Graduating Student. He also received the Islamic Development Bank (IDB) Prize for Islamic Economics in 2001.
He speaks English, Arabic and French.
Dr. Marjan Binti
Shariah Member
Dr. Marjan Binti
Shariah Member
Dr. Marjan attended the International Islamic University Malaysia where she obtained her B.Sc. (Hons) degree in Islamic Revealed Knowledge and Heritage (Fiqh and Usul-l-Fiqh) in 1998. She had her M.Sc. and Ph.D. also in Islamic Revealed Knowledge and Heritage (Fiqh and Usul-l-Fiqh) in 2001 and 2005 respectively.
She has worked at the International Shariah Research Academy for Islamic Finance from 2013 to date where she has held several roles ranging from Head of Research Quality Assurance Office, Senior Researcher, and currently Director of Research.
She has tutored at the Faculty of Law and Shariah at the Universiti Sains Islam Malaysia with specialization in issues of Ijtihad (Intellectual Reasoning), Islamic Jurisprudence (Usul al-Fiqh), Islamic Laws of Transaction (Fiqh al-Muamalat) and Islamic Criminal Laws (Fiqh al-Jinayah). She has also served on different shariah boards including MBSB Bank Berhad, RHB Islamic Berhad, Maybank Islamic Berhad, SME Bank Berhad, and she is currently on the Shariah board of Bank Negara Malaysia. She has published articles in both international and local journals and has produced several research papers on Islamic finance.
She has worked at the International Shariah Research Academy for Islamic Finance from 2013 to date where she has held several roles ranging from Head of Research Quality Assurance Office, Senior Researcher, and currently Director of Research.
She has tutored at the Faculty of Law and Shariah at the Universiti Sains Islam Malaysia with specialization in issues of Ijtihad (Intellectual Reasoning), Islamic Jurisprudence (Usul al-Fiqh), Islamic Laws of Transaction (Fiqh al-Muamalat) and Islamic Criminal Laws (Fiqh al-Jinayah). She has also served on different shariah boards including MBSB Bank Berhad, RHB Islamic Berhad, Maybank Islamic Berhad, SME Bank Berhad, and she is currently on the Shariah board of Bank Negara Malaysia. She has published articles in both international and local journals and has produced several research papers on Islamic finance.
Professor Luqman Zakariyah
Shariah Member
Professor Luqman Zakariyah
Shariah Member
Professor Luqman Zakariyah holds an L.L.B degree in Shariah (Islamic Law) from Islamic University Medina, Saudi Arabia (1997), a Masters in Islamic Studies from Lagos State University, Nigeria (2001), and a Ph.D. in Islamic Legal Studies from the University of Wales, Lampeter, UK (2009). He is currently a professor of Islamic Jurisprudence at the University of Abuja.
Prof. Zakariyah has worked and researched at various academic institutions. He was a Professor of Applied Islamic Jurisprudence and Legal Theory at the Department of Religious Studies, Federal University of Kashere, Nigeria. He was a Teaching Fellow and lecturer of the Study of Islam and Muslims at the University of Aberdeen and at Al-Maktoum College of Higher Education Dundee UK respectively. He was an Islamic Legal Study Program (ISLP) Scholar/Fellow of Harvard Law, USA, a Visiting Scholar of Ripon College, Cuddesdon, and an Honorary Visiting Lecturer, Department of Shariah and Economics, Academy of Islamic Studies University of Malaya, Malaysia.
Prof. Zakariyah was the Head of the Department of Fiqh and Usul al-Fiqh and Head of Halal Compliance at International Islamic University Malaysia (IIUM).
Prof. Zakariyah has published books and academic articles. He has facilitated local, national, and international conferences and seminars on Islamic finance and Islamic Criminal law.