Arcapita balances the principles of fairness, integrity and sustainability to operate transparently and responsibly.
Arcapita balances the principles of fairness, integrity and sustainability to operate transparently and responsibly.
Arcapita is a Shari’ah compliant asset manager - The requirements of Shari’ah principles govern our investments.
Our belief in Shari’ah principles means we adopt fair and honorable working practices and conduct ourselves in a socially responsible manner. It’s not simply at the heart of what we do but who we are. We are guided by the following principles:
Ethical standards
Careful consideration is given to the impact they have on society and the environment.
Fairness and transparency
Emphasis is placed on fairness and transparency. For example, risks must be fairly allocated and no interest should be given or received.
Contractual clarity
Contracts must avoid uncertainty and ambiguity to ensure the underlying investments and the contractual terms and conditions related thereto are clearly agreed.
Our Shari’ah Supervisory Board (“SSB”) is responsible for reviewing and monitoring investments, and the audit of financial statements to ensure compliance with Shari’ah requirements. Our SSB is comprised of the following prominent scholars:
Sheikh Esam Mohamed Ishaq
Chairman of Shari’ah Supervisory Board
Chairman of Shari’ah Executive Committee
Sheikh Dr. Nedham Mohamed Yaqoobi
Shari’ah Supervisory Board Member
Sheikh Dr. Yousuf Abdullah Al Shubaily
Shari’ah Supervisory Board Member
Sheikh Mohammed Isa Al Jamea
Shari’ah Supervisory Board Member
Shari’ah Executive Committee Member
Chairman of Shari’ah Supervisory Board
Chairman of Shari’ah Executive Committee
Sh. Esam is the Deputy Chairman of the Governance and Ethics Board of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Member of the Supreme Council for Islamic Affairs in Bahrain, and Chairman & member of several Shari’ah Supervisory Boards of Islamic banks and financial institutions. He is the Chairman of the Board of Muslim Educational Society, Member of Discover Islam Center Board, and Member of the Board of Trustees of Al Iman School in Bahrain.
Shari’ah Supervisory Board Member
Sh. Nedham is a member of the Shari’ah Advisory Board of several Islamic financial institutions globally and in the region. He has been advising leading Islamic banks and financial institutions since 1989, including the Accounting and Auditing Organization for Islamic Financial Institutions (AAIOFI) in Bahrain. Sh. Nedham holds many academic and honorary degrees and rewards and has been teaching Islamic subjects in Bahrain and worldwide since 1981.
Shari’ah Supervisory Board Member
Sh. Yousuf is a Member of the Shari’ah Board of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and Chairman & member of several Shari’ah Supervisory Boards of Islamic banks and financial institutions. He is a faculty member of the Higher Institute of Justice, a Member of the Saudi Fiqh Society, and he holds a master and Ph.D. in Shari’ah from Imam Mohamed Bin Saud Islamic University in Saudi Arabia.
Shari’ah Supervisory Board Member
Shari’ah Executive Committee Member
Sh. Mohammad is the former Director of the Shari’ah Department in Arcapita Group, with an extensive experience in Shari’ah Review of investments contracts and structures. He holds a BS in Shari’ah from Imam Mohamed Bin Saud Islamic University in Saudi Arabia (UAE Branch), and a BS in Aerospace Engineering from Northrop University in California. He was previously with the Royal Bahraini Air Force.