Category: NIB-Education

Upgrade Your Financial Operating System: The Blueprint for Ethical Wealth

Upgrade Your Financial Operating System: The Blueprint for Ethical Wealth Let’s be honest: for a long time, the standard banking model has felt like a rigged game. You deposit your hard-earned cash, and it disappears into a black box. You take out a loan to grow your business or buy a home, and you spend […]

The Mudarabah Protocol: Empowering Human Capital Through Partnership

Let’s talk about the unmatched genius of the Nigerian entrepreneur. Imagine a trader at Alaba International Market, let’s call him Emeka. Emeka knows the supply chain like the back of his hand. He knows exactly which factories in Guangzhou manufacture the most durable solar panels, he knows the fastest clearing agents at Apapa port, and […]

The Takaful Protocol: The Power of the Shared Safety Net

If you live in a gated estate anywhere from Lekki to Maitama, you understand the undeniable power (and occasional drama) of the Estate WhatsApp Group. It is the ultimate Nigerian community hub. When it comes to protecting the assets we work so hard to build, how we structure our safety nets matters. The Commercial Reality […]

The Ijarah Protocol: Paying for Utility, Not Liability

Let’s set the scene: You run a highly successful, fast-growing bakery in Ikeja. Your pastries are legendary, but the national grid is… well, the national grid. To keep your ovens hot and your business alive, you desperately need a massive 100kVA industrial generator—a “Giant Mikano”. When it comes time to acquire this vital asset, how […]

The Sukuk Protocol: Asset-Backed Wealth vs. Paper Debt

Imagine the State Government decides to host the biggest Mega-Festival of the decade—or build a massive new highway connecting the mainland to the island—and they need to raise billions of Naira to make it happen. If you want to invest in this mega-project, how do you ensure your wealth is actually secure? The Reality of […]

The Anti-Gharar Protocol: The Audacity of Certainty

We all know the famous Nigerian Instagram Vendor disclaimer: “Prices are subject to change without notice due to dollar rate”. Imagine you are planning your wedding and contract a caterer for 500 guests with a quote of ₦1.5 Million. You pay the deposit, but on the morning of your wedding, the caterer arrives and says […]

The Equity Protocol: From Renting Debt to Buying Bricks

Let’s talk about the ultimate Nigerian dream: Owning a home in a prime location, say, Lekki or Ikeja GRA. You’ve saved up 20% of the asking price, but you need the remaining 80% to secure the keys. How you secure that 80% will determine whether you are truly building wealth, or simply renting debt for […]

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Abubakar Muhammad Musa

Summary

Abubakar Muhammad Musa is currently a Sharia Advisor and Consultant for SHAPE Knowledge Services a consulting firm based in Kuwait. He has been involved in product development, Sharia research and approval of Islamic banking products for different clients. His work covers retail banking, corporate banking and project finance deals.

Formerly, Abubakar worked as a Researcher in different units at International Shariah Research Academy for Islamic Finance (ISRA) in Kuala Lumpur, Malaysia. Besides his primary assignments in ISRA, he taught Shariah Rules in Financial Transactions to Chartered Islamic Finance Professional (CIFP) Masters online Students of International Centre for Education in Islamic Finance (INCEIF), Malaysia. He also taught MBA and BBA Students different Islamic Banking and Finance Subjects at University College of Bahrain.

Abubakar holds two Diplomas with distinction, one in Islamic Law and the other in Arabic Language from Al-Imam University Riyadh. He also holds LLB (Hons) degree in Shariah from the same University. He successfully completed his (CIFP) Professional Masters Degree Programme at (INCEIF), Malaysia. He had his internship program on Islamic Banking & Finance at Fajr Capital in Kuala Lumpur. During the programme, Abubakar conducted research relating to product structuring and market development.

Abdurraheem Ahmad Sayi

Summary

Abdurraheem Ahmad Sayi is a legal practitioner and Consultant of over 16 years of active legal practice. He is currently the principal partner, A.A. Sayi & Co. (Qist Chambers) and Qadi, Independent Shari’ah Panel of Lagos State – a platform, through which he has delivered several judgments of in-depth analysis, widely applauded by leading legal and intellectual icons, including learned Judges, professors of law and Islamic Studies.

He is the Executive Director/C.E.O., ClearPath Islamic Centre (Incorporated), Lekki-Lagos and Chief Imam, SilverPoint Central Mosque, Badore, Ajah-Lagos. Fondly called Imam Sayi, Abdurraheem is the designate Chairman, Shari’ah Advisory Committee, Mutual Benefit Takaaful.

Imam Sayi has also authored a few works, some of which include: The Financial Obligations: a compendium of essays on monetary or material obligations under Islamic Law and Waqf (Charity Endowment): The Governing Principles.

He holds a Certificate on Improving Personal Effectiveness from the Lagos Business School (Pan African University) and he is a recipient of numerous awards and certificates of merits.

Abdulkader Thomas

Education:

Master of Arts Law and Diplomacy, The Fletcher School of Law & Diplomacy.

Bachelor of Arts Arabic & Islamic Studies, The University of Chicago.

Shariah Board Experience:

Bank Muscat Meethaq (2013 – 2017)

Sterling Bank Nigeria (Since 2013)

University Bank, USA (Since 2006)

Summary

Abdulkader Thomas has over 35 years of diversified financial services experience in major markets. With a Master of Arts Law and Diplomacy from The Fletcher School of Law & Diplomacy and a BA in Arabic & Islamic Studies from The University of Chicago. His areas of activity have included trade finance, real estate finance, securities and alternative finance.

As the general manager of a foreign bank branch in New York, he secured the first US regulatory approvals of Islamic mortgage and instalment credit/sale as banking instruments. Later, he secured US regulatory approval for profit sharing deposits. Abdulkader has been involved in the successful implementation of these products in the US market. With more than 17years Shariah Board Experience in Bank Muscat Meethaq, Sterling Bank Nigeria and University Bank USA, Abdulkader has worked on IFTA projects in Europe, Africa, Southeast Asia, and an authority on Islamic deal structures and securities.

He also serves as a director of Alkhabeer Capital in Jeddah and Chairman of Alkhabeer (DIFC). He is a member of the international advisory board of the Securities Commission of Malaysia, a published author, and an active speaker on Islamic finance.