Prof. Dr. Ashraf Md. Hashim

Prof. Dr. Ashraf bin Md Hashim is the Chief Executive Officer of ISRA International Consulting (ISRA Consulting) and a Professor at the International Centre of Education in Islamic Finance (INCEIF). He currently serves as the Chairman of the Central Bank of Malaysia’s Shariah Advisory Council (SAC BNM) and a member of the Shariah Advisory Council Securities Commission of Malaysia (SAC SC). He also serves as a member of the Shari’ah Committee for International Islamic Liquidity Management Cooperation (IILM) and the Chairman of Shariah Committee of Bursa Malaysia (Malaysia Exchange House). Additionally, he serves as a member of the National Fatwa Council of Malaysia (Muzakarah Kebangsaan Hal Ehwal Agama Islam), a Shariah committee member of Yayasan Waqf Malaysia (Malaysia Waqf Foundation), State Development Cooperation of Kelantan (SEDC), a committee member for Waqf Committee for Kelantan Religious Council and Finance and Investment Committee member for Selangor Religious Council.

He is currently the President of the Association of Shariah Advisers in Islamic Finance (ASAS). Dr. Ashraf is also a member of Board of Directors for Tabung Haji (Pilgrimage Fund) and its Chairman of Shariah Board. He serves as the member of the Board of Halal Development Cooperation (HDC) Malaysia, Express Rail Link (ERL) and Tabung Haji Travel and Services. He actively involves in many consultancy work relating to Islamic finance internationally. Furthermore, he is a member of the Shariah Board for Abu Dhabi Islamic Bank (ADIB) and Standard Chartered Bank in the United Arab Emirates, the Islamic Bank of Australia (Project), Noor Takaful Nigeria (Chairman of Advisory Council of Experts), IMON International, Tajikistan, Amanat Advisory, Kygryz Republic and a few REIT companies, particularly in Saudi Arabia and Singapore.

Previously Dr. Ashraf was the Chairman for Panel of Experts in Muamalat Matters under the Islamic Development Division, Prime Minister Department Malaysia, and now, serves as the member of the Panel of Shariah Experts of the same department. He is, among others, the team leader in the following consultancy projects: drafting Islamic Banking and Takaful Acts for the Republic of Maldives (2012), developing an Islamic banking regulatory framework for National Bank of Tajikistan (2018-2020), developing regulatory framework for Sovereign Sukuk Issuance for the Ministry of Finance, Afghanistan (2019-2021), Cash Waqf Sukuk project for Islamic Development Bank (IsDB) and the development of regulatory framework for Nigeria Exchange (NEX). Currently Dr. Ashraf is leading the team on the development of the Islamic finance regulatory framework for the Bank of Algeria. He used to serve as the Shariah Committee for Alliance Bank (2005- 2007), Al-Rajhi Bank Malaysia (2007-2011), Takaful Malaysia (2005-2008), ACR Retakaful Malaysia & Bahrain (2008-2011) and Association of Islamic Banking Association Malaysia (AIBIM) (2009-2020). He had also served as a member for Islamic Financial Services Board (IFSB) Technical Committee on Retakaful.

Dr. Ashraf obtained his PhD (Islamic Law) from University of Birmingham, United Kingdom (1999). His Masters in Fiqh and Usul Fiqh from the University of Jordan (1995) and his BA in Shariah from Islamic University in Medina, Saudi Arabia (1991). He is also a holder of Postgraduate Diploma in Shariah Law and Practice (DSLP) from International Islamic University Malaysia (2000).