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Professor Dr Ashraf Md Hashim

Member – Shariah Committee

Dr Hashim is the Chief Executive Officer (CEO) of ISRA Consulting. He is also a senior researcher at International Shari’ah Research Academy for Islamic Finance (ISRA) and a Professor at the International Centre for Education in Islamic Finance (INCEIF).

Currently, he is a member of the Board of Directors of Lembaga Tabung Haji Malaysia. He is also a member of Central Bank of Malaysia (BNM) Shari’ah Advisory Council (SAC) and National Fatwa Council of Malaysia. He is also a Shari’ah Committee member of the Securities Commission and the Chairman of Shariah Committee, Bursa Malaysia.  He also serves as a member of Technical Committee of IFSB for matters related to retakaful. In addition, Dr Ashraf is also a Shari’ah Advisor to a number of Islamic Financial Institutions in Malaysia and abroad.

He attained a PhD (Islamic Law) from the University of Birmingham, UK, 1999, M.A (Fiqh & Usul Fiqh), University of Jordan, Jordan, 1995, B.A. (Shari’ah), Islamic University Medina, Saudi Arabia, 1991 and Postgraduate Diploma in Shari’ah Law & Practice, International Islamic University Malaysia, 2001. Previously, he was an academic staff member in the Department of Fiqh and Usul Fiqh, Kulliyyah of Islamic Revealed Knowledge and Human Sciences (IRKHS), International Islamic University Malaysia.  He was then seconded to Al -Madinah International University as Deputy Rector (Academic Affairs) for two years.

He is an author of two books and has published a number of articles in the local and international journals. He has been a Chevening Fellow at the Oxford Centre for Islamic Studies, United Kingdom. Prof. Dr. Ashraf Md Hashim has vast experience in providing Shari’ah views on retail and investment banking products, sukuk structuring and unit trusts. He was also actively involved in advising Takaful and Retakaful companies such as ACR Retakaful, ARIL and Takaful Malaysia.

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Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank.  Our corporate head office is in Darug Country. We pay our respects to Elders past, present and emerging.   

Important regulatory notice

We hold a restricted ADI authorisation granted by the Australian Prudential Regulation Authority (APRA). This authorisation allows us to offer banking services, but is subject to certain restrictions such as a cap on the amount of deposits that we can hold in total. The purpose of the “restricted” status is that we can test our systems and processes before launching as a fully unrestricted bank.

We do not currently meet the full prudential framework and/or requirements, and you should consider this before depositing funds with us. After the completion of our “restricted” phase, we plan to obtain APRA’s approval so that we can publicly launch.

Acknowledgement of Country

We acknowledge the Aboriginal and Torres Strait Islander peoples as the first Australians and Traditional Custodians of the lands where we live, work and bank. Our corporate head office is in Darug Country.  We pay our respects to Elders past, present and emerging.   

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Information on this website does not take your personal circumstances, needs or objectives into account. Please consider its appropriateness for you.   We are not yet open for business.  We are a Restricted ADI and do not yet meet the full prudential framework, and you should consider this before banking with us once we are open for business.  Fees and charges may apply, as well as terms and conditions which you should review. Information on this website is subject to change. In order to open a credit product in future, you will need to meet our credit criteria and be approved.  Please review the product disclosure documentation provided at the time of opening your account for detailed information.