Specialist Committee: Investment

 
NAME DESIGNATION CONTACT No. EMAIL
Mr. Suliman Noor Mahomed (Solly Noor) President +27832542293 [email protected]
Mr. Haroon Karim Chairman BOT +971553654393 [email protected]
Mr. Mahmood Shaikhani Deputy Secretary General +971529222001 [email protected]
Mr. Ashraf Satar Vice Chairman BOT +94777372480 [email protected]
Mr. Farook Kassim Assistant Secretary BOT +97144375600 [email protected]

Scope/terms of responsibilities

  1. Custody of all Trustee Fees of WMO at Central and Regional Level and authorize the deployment/use of the funds on the delegated authority of the Board of Trustees
  2. Oversight of all Non Zakath Funds of WMO and allocation of these funds for Overhead and Investments
  3. Quarterly Review of all Investment of the WMO and make necessary adjustments to ensure optimum return on the Investment while ensuring Capital Protection
  4. Appoint of Agents for the proper management of Immovable assets of WMO for the care& protection of these assets, optimize returns, minimize capital erosion and institute legal action (where necessary) etc
  5. Appointment of Investment Managers to manage the Funds, setting their terms of contract, and limits on delegated authority
  6. Authority to decide on different classes of assets permitted for deployment of WMO Funds and thereafter set limits of investments in different classes of assets, minimum returns etc
  7. Ensure all Investments of WMO Funds are Sharia Compliant