Members of the Shariah Board
BNP Paribas was one of the first international banks to establish a presence in Islamic banking in the early 1980s. In 2003, it consolidated its Islamic banking business under the BNP Paribas Najmah name, as the global franchise of the Group’s Islamic banking activities, based in the Kingdom of Bahrain.
The establishment of an Asia-Pacific hub in Malaysia in 2011 serves as a testament to the Bank’s continued commitment to expand its footprint across key global markets and to satisfy the increasing demand for Shariah compliant offerings.
The dedicated specialist teams across Najmah’s two hubs engage in the structuring and marketing of a broad range of innovative Shariah-compliant solutions, including Sukuk structures, liquidity management products, Islamic hedging instruments, Islamic investment and structured financing products, and facilities that are tailored to the needs of our diverse clientele of sovereigns, quasi-sovereigns and financial institutions, corporates and high-net-worth individuals. All our Islamic banking products and solutions are endorsed and certified by our internationally-recognised Supervisory Committee.
Since inception, Najmah has built a competitive edge in demanding Islamic finance markets by delivering innovative and award-wining Islamic products and solutions, many of which have been the first to launch to meet specific client needs.
BNP Paribas Shariah Supervisory Committee is composed of well-known and highly commended scholars.
Sheikh Nidham Yaquby – Bahrain
Chairman of the BNP Paribas Shariahh Supervisory Committee
As an internationally recognised scholar in the Islamic finance industry, Sheikh Nidham holds influential positions on the Shariah boards of many international and regional financial institutions and insurance companies. He is a member of the Shariah standard-setting bodies, including the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the International Islamic Financial Market (IIFM), as well as Islamic indices such as the Dow Jones Islamic Market Index. He pursued traditional Islamic studies in Mecca, India and Morocco under the guidance of eminent Islamic scholars. Sheikh Nidham holds a PhD in Islamic Law from the UK’s University of Wales, and a Bachelor’s Degree in Economics and Comparative Religion from Canada’s McGill University.
Sheikh Dr. Yousef Al-Shubaily – Kingdom of Saudi Arabia
Sheikh Dr. Yousef Al-Shubaily is a highly experienced and respected scholar who serves on multiple Shariah boards of both banks and financial institutions within the Gulf Cooperation Council (GCC) and Malaysia. He is widely known for his influential series of books, academic papers, and articles on Islamic Finance. He is a member of many Shariah standard-setting bodies, including the Accounting and Auditing Organization for Islamic Financial Institutions, and the International Islamic Financial Market in Bahrain. Sheikh Dr. Yousef obtained his Bachelors, Masters and PhD degrees from Imam Muhammad Bin Saud Islamic University in Saudi Arabia.