Advisers
Fund Management Function
The fund management function of abrdn Islamic World Equity (the “Fund”) has been delegated to abrdn Investments Limited and abrdn Inc (the “Fund Managers”).
abrdn Investments Limited
abrdn Investments Limited is an investment manager entity within the Aberdeen Group. abrdn Investments Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The company manages corporate funds, investment trusts, unit trusts and life and pension funds and has been doing so since 1988.
abrdn Investments Limited manages RM 643.7629 million as at 17 December 2025 for the abrdn Islamic World Equity Fund.
abrdn Inc
abrdn Inc. is an investment manager entity within the Aberdeen Group. abrdn Inc. has been registered with the SEC since August 1995 and is headquartered in Philadelphia, Pennsylvania.
Corporation Number
abrdn Inc. – Corporation Number F95000004141
Incorporation Date
abrdn Inc. was incorporate in Delaware, United States of America, on January 26, 1994.
Material Litigation
As at end September 2025, the Manager is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect the business/financial position of the Manager and any of its delegates.
Shariah Adviser
Amanie Advisors Sdn Bhd
Amanie Advisors Sdn Bhd (''Amanie'') is a Shariah advisory, consultancy, training and research and development boutique for institutional and corporate clientele focusing on Islamic financial services. Amanie is a registered Shariah advisory company for Islamic unit trust with the SC. It has been established with the aim of addressing the global needs for experts' and Shariah scholars' pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial goals in accordance with the Shariah Principles. Amanie also focuses on organizational aspect of the development of human capital in Islamic finance worldwide through providing updated quality learning embracing both local and global issues on Islamic financial products and services.
The company is led by Tan Sri Dr Mohd Daud Bakar and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industry both in Malaysia and the global market. Currently the team comprises of eight nine (98) full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education.
Amanie meets every quarter to address Shariah advisory matters pertaining to the Manager’s Islamic funds. Amanie also reviews the Fund’s investment on a monthly basis to ensure compliance with Shariah principles or any other relevant principle at all times.
The roles of Shariah Adviser are:
- To ensure that the Fund is managed and administered in accordance with Shariah Principles.
- To provide expertise and guidance in all matters relating to Shariah Principles, including on the Fund's deed and prospectus, its structure and investment process, and other operational and administrative matters.
- To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
- To act with due care, skill and diligence in carrying out its duties and responsibilities.
- Responsible for scrutinizing the Fund's compliance report as provided by the compliance officer and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund's investments are in line with Shariah Principles.
- To prepare a report to be included in the Fund's interim and annual reports certifying whether the Fund have been managed and administered in accordance with Shariah Principles for the period concerned.
The designated person responsible for Shariah advisory matters of the Fund is Tan Sri Dr. Mohd Daud Bakar as the Executive Chairman.
Tan Sri Dr. Mohd Daud Abu Bakar, Executive Chairman
(Oman). He was the former Chairman of the Shariah Advisory Council (SAC) at the Central Bank of Malaysia, and former Chairman of the SAC at the Securities Commission of Malaysia for more than 2 decades. He was also the former Chairman of Federal Territory Islamic Religious Department (MAIWP). Tan Sri Dr Daud is also a Shariah board member of various global financial institutions, including BNP Paribas Najma (Bahrain), Credit Agricole Corporate & Investment Bank (Dubai), and Dow Jones Islamic Market Index (New York) amongst many others.
Qualifications:
- Ph.D., University of St. Andrews, Scotland
- Bachelor of Shariah (Fiqh wa Usuluhu), Kuwait University, Kuwait
- Bachelor of Jurisprudence (external), University of Malaya, Malaysia
Other consultants are:
- Suhaida Mahpot
- Muhammad Hafizuddin Abd Hamid