BIMB Securities Sdn. Bhd. (BIMB Securities) is the Shariah Adviser for AIA PAM-Islamic Moderate Fund. BIMB Securities is a stockbroking subsidiary of BIMB Holdings Bhd and was incorporated on 21 February 1994.
The corporate mission of BIMB Securities is to be an active participant in a modern, innovative and dynamic Islamic capital market in Malaysia, catering for the needs of all investors, Muslims or non-Muslims, looking for Shariah-compliant investment products and services.
BIMB Securities is also registered with the Securities Commission (SC) to act as a Shariah Adviser for Shariah-compliant products and services regulated by the SC. As at 28 February 2019, BIMB Securities is a corporate Shariah Adviser to 10 fund management companies and has over 83 Islamic collective investment schemes under its supervision.
The Designated Shariah person of BIMB Securities is as follows: -
Ir. Dr. Muhamad Fuad (Dr. Muhamad Fuad), the designated person in charge of all Shariah matters in BIMB Securities Sdn Bhd was appointed on 1 June 2011. He was concurrently appointed to the Shariah Advisory Committee of BIMB Securities Sdn. Bhd.
He graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982, both from the University of Southampton, England. He also obtained a Bachelor of Arts Degree in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in 1996.
He is a registered Shariah Adviser with the SC since 2010. Currently, he also serves as the Chairman of the Shariah Committee of MIDF Group of Companies. He sits on the boards of Gagasan Nadi Cergas Berhad, Mesiniaga Berhad, PNB Commercial Sdn Bhd, Universiti Tun Abdul Razak Sdn Bhd, Universiti Sains Islam Malaysia (USIM), USIM Tijarah Holdings Sdn Bhd and Institut Kefahaman Islam Malaysia (IKIM), a public company limited by guarantee.
Dr. Muhamad Fuad chairs the Professional Development Committee of the Association of Shariah Advisers for Islamic Finance (ASAS). He is the Chairman of the Advisory Panel of the Faculty of Syariah and Law of USIM since 4 October 2016.
Dr. Muhamad Fuad is a recipient of the National Book Award 2015 for his book published by IKIM entitled "The influence of Islam Upon Classical Arabic Scientific Writings: An examination of the Extent of Their Reference to Quran, Hadith and Related Texts”.