About the Contributors xiextensive specialist knowledge and comprehensive first-hand experience,
IFAAS is in a unique position to offer efficient solutions to the critical
challenges within this industry. Its aim is to help both new and existing
players in the market to overcome the issues that the providers of Shari’a-
compliant products are facing.
Shaher Abbashas a masters in Islamic finance from Loughborough
University, and has extensive hands-on experience in Islamic banking. His
expertise in Shari’a compliance, auditing and product development are
recognized industry-wide. He has successfully developed and launched
several new Islamic finance products in the UK. He has been accredited to
lecture and train the Islamic Finance Qualification syllabus and has also
lectured at a variety of conferences. He is a candidate for a PhD in Islamic
finance at Durham University.
PricewaterhouseCoopersis one of the largest financial consultancies in
the world, with more than 120,000 staff in 185 countries. With over 700
insurance actuaries worldwide, it has the largest single office of general
insurance actuaries in Europe with over 120 generalinsurance actuaries
(and 250 life and general insurance staff) in London alone. Due to its global
size, it provides both traditional actuarial services−such as due diligence,
independent reserve reviews, pricing support and financial modelling – and
non-traditional actuarial services – such as business planning, rating
defence, underwriting, finance and claims process and department design
and process optimization – which add real value to its retakafuland
reinsurance clients.
Mohammed Amin is a member of PricewaterhouseCoopers UK’s
supervisory board, the Council of the Chartered Institute of Taxation, and
thePolicy&TechnicalCommitteeoftheAssociationofCorporateTreasurers.
He is also a member of HM Treasury’s Islamic Finance Experts Group, set
up to advise the government on Islamic finance strategies. Mohammed was
recently included in the Muslim Power 100−a list of the hundred most
influential Muslims in the UK. His clients include both conventional and
Islamic financial services organizations. His blog on Islamic Finance can be
found at http://pwc.blogs.com/islamicfinance.
Mohammed Khanis a director at PricewaterhouseCoopers, and an
expert intakafulandretakafulissues. He is a qualified actuary who has
significant experience in advisingretakafuland conventional reinsurers in
the UK, Europe, the Middle East and around the world on their general
insurance reserving (personal lines, commercial lines, London Market and
APH), claims, underwriting and financial processes and controls as well as
their pricing, capital, reserving and rating adequacy strategies and
methodologies. Mohammad is a sought-after speaker, has written numerous
articles and has been quoted on manytakafuland insurance topics in
journals and newspapers around the world.
Roderick Millarhas over 15 years experience as an author and editor of
business books. He has specialized in small business start-ups and business