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Muamalah Financial Consulting

Muamalah Financial Consulting Logo

Muamalah Financial Consulting Sdn Bhd (Muamalah) was the first Company to be licensed by the Malaysian Securities Commission as Shariah Adviser for Islamic Capital Market. Formed in September 2000 by former Bank Islam Malaysia Berhad staff who were amongst world pioneers in Sukuk and Islamic Capital Market (ICM). With these experiences, Muamalah’s reputation has extended beyond Malaysia with Islamic banking and sukuk consultancy mandates executed in Saudi Arabia, London, Africa, Russia, and China. Muamalah provides training in Islamic banking and ICM in Malaysia and beyond including Korea, Russia, Africa, Sri Lanka, Singapore, Indonesia and Brunei.

Consultants from Muamalah have also delivered papers in numerous international conferences. With 17 years experience in the Islamic finance industry, Muamalah is currently focused on acting as expert consultants to set up Islamic banks all over the world. With expert consultants comprising former very experienced Islamic bankers in every sphere of Islamic banking including IT, the firm is poised as the one stop consultancy to set up an Islamic bank globally. Apart from training and consultancy on raising international sukuk, the firm also provides consultancy in the setting up of Takaful and other Islamic institutions.

Shariah Board Members

  • Ustaz Mohd Bakir Hj Mansor
  • Ustaz Md Zaki Ab Manan

Area of Services

  • Islamic Capital Market
  • Islamic Investment Banking
  • Setting up of Islamic Banks
  • Setting up of Takaful Companies
  • Information Technology (IT)



  • Acted on the setting up of an Islamic bank in Nigeria
  • Arranging infrastructure sukuk for project in China
  • Provided Islamic finance training in Russia
  • Structured Islamic instruments for a property developer in United Kingdom
  • Advised on the setting up of Islamic Capital Market Department and Islamic Investment Banking Department of an Islamic bank in Saudi Arabia

Contact details

Muamalah Financial Consulting Sdn Bhd
17-01, Tingkat 1
D’Bayu, Jalan Serambi U8/21
Bukit Jelutong
40150 Shah Alam

Muhammad Zahid Abdul Aziz
T +6012 212 5405

Ismail Aminuddin
T +6019 664 3155