• The Tenants of the Properties are operating as specialist hospitals in the healthcare sector, which are permissible activities according to Shariah;
  • The rental income of the Al-'Aqar Healthcare REIT are derived from Shariah permissible activities, i.e currently from the operations of specialist hospitals and shall remain guided by the 20% benchmark as determined by the Security Commission of Malaysia for the criteria on rental from non-permissible activities;
  • The Al-'Aqar Healthcare REIT will not own real estate in which allthe tenants operate non-permissible activities. The current tenants are alloperators of the respective specialist hospitals;
  • The fund managers of Al-'Aqar Healthcare REIT must not accept a new tenant(s) whose activity is fully non-permissible under Shariah. In the case of tenant(s) operating in mixed activities, method of calculating the portion of rental derived from non-permissible activities from the total rental must comply with the Guidelines for Islamic REIT;
  • The Al-'Aqar Healthcare REIT will ensure all forms of investment, deposit and financing instruments comply with Shariah principles. Al-'Aqar Healthcare REIT will be raising an Islamic financing facility to finance the acquisitions of the Properties;
  • The Manager will obtain and maintain Takaful schemes insurance coverage on the assets of Al-'Aqar Healthcare REIT against fire and public liability, which are statutory insurance requirements as well as loss of rent insurance and other required insurances, if applicable. Only if the Takaful schemes are unable to provide the insurance coverage, then the Al-'Aqar Healthcare REIT is permitted to use conventional insurance schemes;
  • General compliance, where relevant, on any other requirements as stipulated under the Guidelines for Islamic REIT; and
  • The Shariah Committee Members of the Al-'Aqar Healthcare REIT has endorsed and approved the Al-'Aqar Healthcare REIT scheme to be in compliance with Shariah principles.

The Shariah Advisory Committee

DATO’ DR. HAJI NOOH BIN GADOT Chairman, Shariah Committee

Nationality: Malaysian
Age: 78
Gender: Male

Appointment Date
  • 22 June 2006
Academic and Professional Qualifications
  • Bachelor Islamic Law and Syariah Islamiah Al-Azhar University, Egypt
  • Master of Arts Asia e University
  • Doctor of Philosophy (Human Development) Universiti Tun Hussein Onn Malaysia
Working Experience

Dato' Dr. Haji Nooh Bin Gadot is a member of the Johor Royal Council and Islamic Religious Council (Johor). He retired as Mufti of Johor in November 2002 and continued his service until 13 November 2008 and now remains as the Advisor to the Islamic Religious Council (Johor).

Dato' Dr. Haji Nooh Bin Gadot was appointed as Federal Supreme Committee of Islamic Affairs Strengthening Management on 9 August 2018. His vast experience in Islamic practise and jurisprudence, juristic methodology, hadith and its sciences and spirituality were gained throughout his services as Acting Kadi, Syarie Lawyer Islamic Affair Officer Religious Department (Prime Minister Department), Acting Assistant Examination and Registrar Religious School of Johor State and Religious Teacher of Johor State.

Other Directorship
  • Chairman, Shariah Committee, Al-Salam Real Estate Investment Trust
  • Chairman of Yayasan Infaq Angkasa
  • Shariah Adviser Member, Permodalan Nasional Berhad
  • Director, Universiti Tun Hussein Onn Malaysia
  • Director, Yayasan Wakaf Anak Yatim Malaysia
  • Committee Member, Johor Islamic Council including Zakat, Wakaf, Baitulmal, Teaching Certification and Education
  • Committee Member of various companies within the JCorp Group
  • Committee Member of various councils including the Johor Royal Congregational Council, Johor Islamic Council's Finance and Investment, Planning and Development units


Nationality: Malaysian
Age: 79
Gender: Male

Appointment Date
  • 22 June 2006
Academic and Professional Qualifications
  • Bachelor in Shariah Al-Azhar University, Egypt
  • Doctor of Philosophy (PhD) in Shariah St. Andrews, University of Scotland
Working Experience

Profesor Madya Dr. Abdul Halim Bin Muhammad began his career with Universiti Kebangsaan Malaysia as the Head of Department of Quran and Sunnah, Faculty of Islamic Studies and Lecturer at Faculty of Law Universiti Kebangsaan Malaysia

Profesor Madya Dr. Abdul Halim Bin Muhammad has served as Shariah Advisor and Shariah committee member at several corporate organisation such as Tabung Haji, Bank Negara Malaysia, Dewan Bahasa dan Pustaka, Takaful Nasional and Terengganu Trust Fund as well as financial institutions namely, Bank Muamalat Malaysia Berhad, Bank Kerjasama Rakyat Malaysia Berhad, RHB Bank Berhad and Bank Pembangunan Malaysia Berhad.

Other Directorship
  • Shariah Committee, Al-Salām Real Estate Investment Trust
  • Committee, Jamaah Ulama Majlis Istiadat Agama Islam dan Adat Istiadat Melayu Kelantan
  • Shariah Committee Member Terengganu Trust Fund
  • Trust Fund Amanah Saham Darul Iman
  • Kelantan Ulama Council

Islamic Banking and Finance Insititute Malaysia (IBFIM)

IBFIM is a registered Shariah adviser under the Capital Market Services Act 2007 and has been providing a wide range of Shariah advisory and consultancy services for Islamic financial services industry since 2001. IBFIM is also a lifelong learning institution that specialises in technical certifications for Islamic financial services industry. As Shariah Adviser to Al-`Aqar, IBFIM is providing necessary advice to ensure that Al-`Aqar business is Shariah-compliant. IBFIM was appointed as the Shariah Adviser for Al-`Aqar effective 2 July 2020

Profile of Designated Person responsible for Shariah matters relating to Al-`Aqar
In relation to Shariah matters, the designated persons responsible for the fund investment activities under Al-`Aqar are Mohamad Salihin Bin Deris and Irma Namira Binti Missnan.

Mohamad Salihin Bin Deris is the Director, Shariah Business Advisory of IBFIM. He brings with him approximately 22 years of combined experience in Islamic finance and Shariah advisory in both roles: as a policy maker in a regulatory authority and as an industry practitioner. At IBFIM, he leads the Shariah advisory and consultancy team helping the clients to achieve a comprehensive and optimal Shariah compliance solution.

Mohamad Salihin started his career with Bank Negara Malaysia's Islamic Banking & Takaful Department. He then served CIMB Islamic Bank, Hong Leong Islamic Bank and Association of Islamic Banking Institutions Malaysia. Before joining IBFIM, he served Bank Pembangunan Malaysia Berhad as the Group Head, Shariah Management. He had gained experience in Shariah advisory, research, secretariat and review functions, developed and implemented the overall Shariah governance framework as well as involved in Islamic conversion initiative for a development bank.

Mohamad Salihin holds double-degree in LLB(Hons) and LLB(Shariah)(Hons) from International Islamic University Malaysia. He also holds Associate Qualification in Islamic Finance from IBFIM and Certified Shariah Advisor qualification from Association of Shariah Advisors in Islamic Finance ("ASAS"). He is a Member of ASAS and had previously served as its exco. He is a certified HRDCorp trainer and had contributed as reviewer of Shariah training modules. Occasionally, he speaks on Shariah governance topics in Islamic finance. Currently he is a Member of Affin Islamic Bank's Shariah Committee, the Chairman of AmMetLife Takaful's Shariah Committee and a registered Shariah adviser with the Securities Commission of Malaysia for IBFIM in relation to the Islamic capital market product and services.

Irma Namira Binti Missnan is currently a Manager, Shariah Business Advisory of IBFIM. She brings with her approximately 10 years of experience in Islamic finance and Shariah advisory. At IBFIM, she is responsible to lead and provide relevant inputs for the Shariah advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market, Islamic REITs and Islamic unit trust funds.

Irma Namira had started her career as a Shariah executive in RHB Islamic Bank Berhad since 2012. Specializing in Shariah advisory, governance and management portfolios, she was then entrusted as a Section Head of the Shariah Secretariat of RHB Islamic Bank from May 2015 until March 2020 before joining IBFIM. She is experienced in the Shariah application in Islamic products and services which includes retail banking, non-retail banking and Islamic capital markets.

Irma Namira graduated with Bachelor of Syariah and Laws (Hons) from Universiti Sains Islam Malaysia and obtained Certificate in Islamic Law of Banking & Finance from International Islamic University Malaysia. She is a member of ASAS and a registered Shariah adviser with the Securities Commission of Malaysia for IBFIM in relation to the Islamic capital market-related product and services.