AMJA Chairman, In his Personal Capacity, Approves LARIBA
Chairman of AMJA Dr. Hussain Hamid Hassan, In his personal capacity, approves of LARIBA Model and Documentation
Chairman of the Board - AMJA
Announcement in English
Announcement in Arabic
Hussein Hamid Hassan is considered as the father of Islamic finance. He received his PhD from the faculty of Sharia at the Al Azhar University in Cairo in 1965 and holds two degrees in law from the International Institute of Comparative Law, University of New York. He chairs the Sharia Supervisory Committee of many Islamic banks in the Middle East, and has advised several governments.
An expert in Law, he had been the attorney general for the government of Egypt between 1969 and 1970. He has advised several governments in the Middle East and CIS countries on establishment of Islamic Finance Institutions. According to Mr Hassan, Islamic financing is the most equitable form of financing since it enables the creation of wealth without fueling inflation or stoking a financial crisis.
Chairman of the Board - Raqaba Group
Chairman of “Raqaba for Shari'a Audit & Islamic Financial Consultations” Company that received the award of excellence in Islamic finance as “The Best Shari’a Audit Firm for the Year 2016.” In Islamic Finance, he has over 20 years of professional experience and over 50 research papers. He holds a Ph.D. in Islamic Economics from AlImam University, KSA and was awarded the Islamic Retail Banking Awards, “Critics’ Choice Upcoming Shari’a Scholar 2016.”
Dr.Mashal serves in AAOIFI Governance and Ethics Board “AGEB”, and had served in AAOIFI Shari'a Boards committees. He is an Expert at the International Islamic Fiqh Academy in Jeddah, KSA and a Corporate Governance Expert at CIPE, U.S. Chamber of Commerce and at IFC, World Bank Group.
Raqaba issues statement affirming the credibility of its letter that was issued to address the validity of LARIBA’s product on March 13, 2018.
Raqaba also affirms they are keen to involve independent arbitrators or pursue litigation in the United State Courts in order to defend its professional reputation.