Nizam Yaquby

Sheikh Nizam Mohammed Saleh Yaquby is a renowned Islamic Shari'ah advisor. He is one of the most powerful figures in Islamic finance. A Bahraini, who holds a Ph.D in Islamic Law from the University of Wales in the United Kingdom and a BA in Economics and Comparative Religion from the McGill University in Canada, he sits on the boards of various banks as a respected Shari'ah advisor.

He is a member of 46 Sharia Boards including Abu Dhabi Islamic Bank, Barclays, BNP Paribas, Credit Agricole CIB, Dow Jones Islamic Index, HSBC Amanah, Lloyds TSB, and Citi Islamic.

Mr. Yaquby has spoken in favor of the creation of an Islamic finance mega-institution by countries such as Malaysia, Sudan, Pakistan, Lebanon, Bahrain and others to streamline industry management and minimize risks.

He is also known for his market-friendly rulings, including backing the use of the organized tawarruq structure, which the OIC Fiqh Academy declared to be a "deception" which contains elements of interest-based lending.

He also received guidance in classical Shari’ah from prominent scholars such as Sheikh Abdulla al-Farisi, Sheikh Yusuf al-Siddiqi, Sheikh Muhammed Saleh al-Abasi and Sheikh Muhammed Yasin al-Fadani. Experience includes Khatib in Bahrain Mosques (1981-1990), Teaching Tafsir, Hadith and Fiqh in Bahrain.

Awards:

Sheikh Nizam Yaquby, doyen of the Shariah advisories serving the global Islamic finance sector, was awarded the inaugural Zaki Badawi Award for Excellence in Shariah Advisory at the International Real Estate Finance (IREF) 2008 Awards which was held at the Park Plaza Hotel in Central London on the evening of 16 December 2008.

External Links:

http://sg.news.yahoo.com/rtrs/20090827/tbs-islamic-scholars-7318940.html

http://www.euromoney.com/Article/1219228/Article.html