Strictly Shari’ah Compliant
Strictly Shari’ah Compliant
*Our strict ethical mandate has been reduced to a clear written form in simple English that complies with the disclosure requirements of the Financial Markets Conduct Act and regulations as to the contents of our PDS and SIPO.
All investment monitoring is undertaken applying the gold standard of Islamic investment scholarship, the AAOIFI rules.
All Shari’ah financial offering must have an Islamic Advisory Board
Our board is:
Sheikh Mohammad Amir
Sheikh Amir is the Chairman of the Religious Advisory Board of the Federation of Islamic Association of New Zealand (FIANZ) and Chairman of the Halal Committee of New Zealand. He is also the Vice President and spokesperson of the Ulama Council of New Zealand and a member of the Shari’ah Advisory Committee of the World Halal Food Council and Imam, Wellington Islamic Centre (International Muslim Association of New Zealand Inc) (1998-2014). He is a Graduate of Faculty of the Qu’ran and Higher Islamic Studies (Distinction), Islamic University, Al-Madinah, Kingdom of Saudi Arabia and holds a BA (Islamic Studies) (First Division), from the Islamic Institute, Darul Uloom Deoband, India.
Dr. Ahmed Rufai
Dr. Rufai is currently the Head of Shari‘ah to the International Islamic Financial Market (IIFM) in Bahrain. His previous roles include Special Shari‘ah Advisor to the Waikato Muslim Association and the community in Hamilton, New Zealand, and Islamic jurisprudence lecturer at the Saudi Arabia International School (Kuala Lumpur). He has written numerous articles on various areas of Islamic Finance. Dr. Rufai holds a Ph.D. in Islamic Law of transactions & Islamic Insurance from University of Malaya and a Bachelor degree in Islamic Law from the Islamic University of Madinah.
Dr. Faruk Balli
Dr. Balli is a Director of Amanah Trust Management (NZ) Limited and AmanahNZ KiwiSaver Limited. He is an Associate Professor at Massey University School of Economics and Finance and an adjunct Professor at Gediz University Turkey. Previously he worked as a Senior Economist at the Central Bank of Qatar and at Dubai University as an Assistant Professor. He has more than 30 publications in high ranked international journals and has served on the editorial board of various field journals. Dr. Balli has a PhD from the University of Houston.
Our IAB decided that AE would use the leading Shari’ah investment rule book developed by the Audit and Accounting Organisation for Islamic Financial Institutions –
AE uses the AAOIFI rule book
Developed by the world’s leading Islamic scholars
AE applies the rulings of the AAOIFI scholars
The AAOIFI rule book is the gold standard of Islamic financial scholarship
Our IAB decided we should use IdealRatings, the premier Islamic rating agency to check our investments comply with the AAOIFI rule book EVERY TRADING DAY.
AE uses IdealRatings scholars to assure all our investments comply with the AAOIFI rule book
LEADING SCHOLARS APPLY THE AAOIFI RULE BOOK TO OUR INVESTMENTS
IF A STOCK DOES NOT COMPLY WITH THE AAOIFI RULE BOOK IT IS SOLD THE NEXT TRADING DAY
Every day AE checks the IdealRatings screens and ensures that the investments are compliant, these report are complied and AUDITED by AE’s independent financial Auditor.
AE’s Ethical Mandate, is AUDITED assuring all investor that the ethical mandate is complied with.
AE’s ETHICAL MANDATE IS INDEPENDANTLY AUDITED
Our strict ethical mandate has been reduced to a clear written form in simple English that complies with the disclosure requirements of the financial markets conduct act and regulations as to the contents of our PDS and SIPO.
All investment monitoring is undertaken in accordance with the AAOIFI rules.