The Shariah Supervisory Board (“SSB”) has been appointed to ensure that all activities of Sohar Islamic are conducted in accordance with the principles of Shariah. The Board regularly reviews and monitors the products and transactions.Our Shariah Board comprises of the world’s reputed & respected international and local scholars of Islamic Finance:
Holding bachelor’s degree in Islamic Studies and with a specialisation in Judiciary, Sheikh Azzan bin Nasir Farfoor Al Amri has been working as the secretary to the Grand Mufti of the Sultanate of Oman in the Fatwa Section since 2001. He is also well versed in Shariah Law, having done numerous courses in relevant fields and participated in many related workshops and conferences.
Dr. Mudassar Siddiqui is an internationally renowned expert in Islamic Studies and Western laws. He did his PhD in law from Chicago Kent College of Law, USA; Master of Law from Harvard Law School, USA; and Islamic Studies from, the Islamic University of al-Madina al-Munawwarah, Kingdom of Saudi Arabia. He is a member of the AAOIFI Shariah Standards Committee; the Fiqh Council of North America; and a Research Fellow at the International Shariah Research Academy for Islamic Finance in Malaysia. He has more than 30 years of experience in providing Shariah and Law consultancy, Islamic banking documentation, research, lectures and arbitration for more than 40 worldwide organizations, universities and research centers.
Fahad graduated from Florida Atlantic University USA after which he joined the Central Bank of Oman. At the CBO, he was part of the Treasury and Investment Division with the responsibility of managing billions of USD in the international markets.
Thereafter, Fahad joined Al Madina Investment where he quickly became the Deputy General Manager of Investment Banking. At Al Madina Investment, he was instrumental in promoting and raising equity for several successful companies including Al Madina Takaful, Al Madina Real Estate, Tilal Fund and others. His key responsibilities included portfolio management to the tune of hundreds of millions USD, promotion of Greenfield ventures and handling high net worth individuals.
Recently, Fahad founded Bayan Investment House, which is focused on building long term relationships by provided investment banking and advisory services.
Al-Mu'tasim Said Al-Maawali is a religious supervisor working for The Omani Studies Centre at Sultan Qaboos University. He holds an MA degree in Islamic Studies from the University of Birmingham, 2016. al-Mu‘taṣim authored a seven-volume series in Islamic Jurisprudence called al-Mu‘tamad, including the sixth volume in Islamic Financial Transactions, and the seventh in Islamic Banking. In 2016, he published his English book Articles on Ibāḍī Studies. In February 2017, he published his translation of the first volume ‘The Reliable Jurisprudence of Prayer’ from Arabic into English. In 2019, he also translated ‘Christians in Oman’ from English into Arabic. Al-Mu'tasim presented some academic papers at some international conferences in Islamic Studies, including TIMES 2017 at Birmingham University and BRISMES 2018 at King’s College London, and BRISMES 2019 at the University of Leeds.