On course for success



  • Concept of Shariah Non-Compliance (SNC)
  • Causes of SNC
  • Shariah Governance
  • Framework (SGF)
  • Impact of SNC
  • Dealing with SNC
  • Tools and Techniques in
  • Identifying SNC
  • Methods for Mitigating SNC

Instructors Profile

Dr. Mohammad Mahbubi Ali

Head of economics, finance, awqaf and zakat unit cum research fellow at the International Institute of Advanced Islamic Studies (IAIS) Malaysia.
He also serves as a Shariah committee member of Affin Islamic Bank Malaysia, Shariah Board Member of ZICO Shariah Advisory Bhd
Malaysia, Shariah Advisor of Dar al-Muraja’ah al-Shariyyah Bahrain, and Lecturer at the Tazkia Bussiness School Indonesia. Previously, he
was a researcher at the International Shari’ah Research Academy for Islamic Finance (ISRA). During his stint at ISRA, he had contributed to
numerous ISRA’s research publications, mainly involving in the drafting of BNM Shari’ah Standards. He was a lecturer at the University of Kuala
Lumpur and Unitar International University.

In his young age, he has managed to contribute extensively to Islamic finance through his regular writings featured in the Islamic Finance News
(IFN), Business Islamica, The General Council for Islamic Banks and Financial Institutions (CIBAFI), New Straits Times, the Jakarta Post and
many others. He has published numerous articles in international and local referred academic journals, written several book chapters and
presented a number of papers in various international conferences. His paper entitled: “A Framework of Income Purification for Islamic Financial
Institutions,” co-authored with Dato’ Dr. Asyraf Wajdi Dusuki and Lokmanulhakim Hussain, was conferred best paper presentation in Sharia
Economics Conference, University of Hannover, Germany, 2013. He received a PhD in Islamic Banking and Finance from the IIUM Institute of
Islamic Banking and Finance, Malaysia. He holds a bachelor degree in Shari’ah Business and Financial Management from the Islamic Business
School, Tazkia Indonesia and Chartered Islamic Finance Professional (CIFP) from INCEIF, The Global University in Islamic Finance, Malaysia

Md. Arop Othman

He has more than 25 years of experience both as a regulator as well as a market player. He started his career in Bank Negara Malaysia as an
Administrative Officer in Insurance Regulation Department. He was responsible to formulate policies and guidelines to govern motor insurance
business in Malaysia as well as monitor the operations of conventional insurance companies and takaful providers. Later, he was transferred to
Labuan Offshore Financial Services Authority (LOFSA, now known as Labuan Financial Services Authority) and his last post in LOFSA was the
Head of Islamic Financial Services Division. He set up the division to carve a niche in Islamic finance for Labuan International Offshore Financial
Centre (IOFC, now known as Labuan International Business Centre). During his time at LOFSA, the Government of Malaysia issued the first
international Sukuk out Labuan and the ASEAN Retakaful International Limit (ARIL) was established in Labuan.

After 15 years as a regulator, he joined Bank Islam Malaysia Berhad as the Head of Operational Risk Management. He was part of the team that
was entrusted to turn around the bank. After that, he joined EXIM Bank Malaysia Berhad as Personal Assistant to the CEO cum Head of
Strategic Planning and Corporate Communication Department. He was instrumental in formulating Corporate Improvement Program for the
bank as well as developing and promoting Trade Credit Takaful products. Subsequently, he was entrusted to be the Head of Trade Credit
Insurance Division, i.e., the business arm of the bank reporting to Chief Business Officer. Prior to joining CIMB, he was the Head of Governance,
Operational and Shariah Risk Department, Al Rajhi Bank who was also responsible for ICAAP Project.

He chaired the Operational Risk Working Committee and Shariah Risk Working Committee of the bank and developed training module for staff
bankwide on Operational and Shariah Non-Compliance risk. As the Regional Head of Shariah Risk Management of CIMB Group, he is
responsible to manage and mitigate Shariah Non-Compliance risk for all entities under the group, including branches and entities outside
Malaysia. He initiated Shariah Risk Management Policy for the group and conduct training for all staff on the subject. He is also very involved in
handling potential Shariah Non-Compliance events that occur within the Group. He holds a Bsc (Hons) Actuarial Science from The City
University, London, Associate Qualification in Islamic Finance (AQIF) & Intermediate Qualification in Islamic Finance (IQIF) from Islamic Banking
& Finance Institute Malaysia (IBFIM), and Bank Risk Management Certificate from Asian Institute of Chartered Bankers (AICB).


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