Arcapita appoints a member to its Sharia Supervisory Board

Manama, May 12 (BNA): Arcapita a global in Sharia-compliant alternative investments has appointed prominent academic and industry professional Shaikh Dr. Yousuf Abdullah Al Shubaily as a member of its Sharia Supervisory Board. Dr. Al Shubaily serves on the Sharia Board of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). He also serves as chairman or a member of several other Shari’ah Supervisory Boards of Islamic banks and financial institutions in Saudi Arabia and the wider region. “Our Shari’ah Supervisory Board is led by renowned scholars and practitioners with diverse schools of thought in Islam. The Board review and monitor Arcapita’s investments to ensure they comply with Sharia principles and Shaikh Dr. Yousuf Abdullah Al Shubaily will add considerable experience to our supervisory board,” Abdulaziz Hamad Aljomaih, Chairman of the Board of Directors at Arcapita, said. “Arcapita has established itself as a global in Sharia -compliant alternative investments, playing a prominent role in bringing sophisticated alternative investments to Sharia -conscious investors. I look forward to joining the supervisory board as the firm pushes forward with its robust pipeline of Sharia-compliant investments across international markets,” Dr. Al Shubaily said.