INTRODUCING

PROF. DR. AISHATH MUNEEZA

Country of Origin
Maldives

Qualification
Ph.D.in Law in International Islamic University Malaysia. (2013)

Phone Number
+603 7651 4156

A Brief Introduction

Professor Muneeza is a professor and the associate dean for students and internationalisation at INCEIF University in Malaysia, which is renowned as the global University of Islamic Finance. She has an extensive career, having served as the first female Deputy Minister of the Ministry of Islamic Affairs in the Maldives, Deputy Minister of the Ministry of Finance and Treasury in the Maldives, and Head of Islamic Finance at the Capital Market Development Authority of the Maldives.

She has also been a member of the Islamic Fiqh Academy (National Fatawa Council of the Maldives), the first chairman of the Hajj pilgrimage fund at Maldives Hajj Corporation Limited, and the chairman of Maldives Center for Islamic Finance Limited. The government of the Maldives established the latter to position the country as the hub of Islamic finance in South Asia. Professor Muneeza has played key roles as an Islamic finance consultant, contributing to developing the first Shariah-compliant Islamic microfinance scheme in the Maldives.

Furthermore, she has served as the Shariah Advisor for structuring all corporate sukuk offerings in the Maldives and private sukuk and Islamic treasury instruments for the Maldivian government. Professor Muneeza was a consultant involved in drafting the legal framework for the country’s Islamic capital market.

Since 2013, she has been a registered Shariah Adviser with the Maldives Capital Market Development Authority, specialising in structuring Islamic capital market products. She is also a registered Shariah Adviser at the Securities Commission Malaysia.

From 2011 to 2022, Professor Muneeza chaired the apex Shariah Advisory Council of the Capital Market Development Authority of the Maldives. She currently serves as the chairperson of various in-house Shariah advisory committees and is a member of the Board Shariah Committee of CIMB Islamic, Malaysia, and Munich Re. Additionally, she is a member of the Public Interest Monitoring Consultative Committee (PIMCC) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Professor Muneeza is an elected executive committee member of the Bar Council of the Maldives.

Academic Qualification:
Ph.D. International Islamic University of Malaysia (IIUM), 2013.
Title: Title: “Legislative conflict facing Islamic banking in Malaysia”
LL.M. International Islamic University Malaysia (IIUM), 2010.
LL.B (Hons) International Islamic University Malaysia (IIUM), 2009.

Publications

Articles

  • Zakat Payment from Cryptocurrencies and Crypto Assets International Journal of Islamic and Middle Eastern Finance and Management (2023) (Article Quality is A,SCOPUS)
  • Financing through cash-waqf: a revitalization to finance different needs. International Journal of Islamic and Middle Eastern Finance and Management, (2013). (ABDC-B,ERA,SCOPUS-Q1,SSCI)

Books

  • Application of Zakat From Classical and Contemporary Perspective World Scientific.
  • Islamic Finance in Eurasia: The Need for Strategic Change Edward Elgar.
  • Application of Hire Purchase Under Shirkah
  • Al-Milk (HPSM) in Islamic Banking and Finance: A Shariah Analysis Palgrave Macmillan.
  • Sadaqa House: Inspiring ‘adl and ihsan in the realm of Islamic Banking.
  • Islamic Social Finance: Law and Practice in Malaysia Springer.
  • Alternative Financial Instruments To Riba And Their Roles In The Distribution And Redistribution Of Wealth. Kuala Lumpur, Malaysia: Universiti Malaya Press.
  • COVID-19 and Islamic Finance Cambridge University Press.
  • Islamic Finance in Africa: The Prospects for Sustainable Development Edward Elgar Publication.
  • The institution of waqf: an innovative financial tool for socioeconomic development. Malaysia: Pearson.

Teaching Courses

Masters in Islamic Finance Practice (MIFP)

  • Commercial Law and Legal Documentation for Islamic Financial Institutions
  • Islamic Capital Market

Executive Masters In Islamic Finance (eMIF)

  • Commercial Law and Legal Documentation for Islamic Financial Institutions
  • Islamic Capital Market