The Shariah Advisory Committee

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

Nationality: Malaysian
Age: 80
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

He 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).

He 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
  • Present Appointment:
    • 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

Islamic Banking and Finance Insititute Malaysia (IBFIM)

About 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, IBFIM is providing necessary advice to ensure that Al-`Aqar business is Shariah compliant. IBFIM was appointed as the Shariah Adviser for the REIT 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 overseeing the Shariah aspects of the fund's investment activities under Al-`Aqar is Irma Namira Binti Missnan.

Irma Namira is currently a Manager, Shariah Consultancy of IBFIM and a registered Shariah Officer with the Securities Commission of Malaysia for IBFIM in respect to the Islamic capital market-related product and services. She brings with her approximately 14 years of professional experience in Islamic finance and Shariah advisory.

At IBFIM, she is responsible for providing Shariah advisory, consultancy and research services covering Islamic banking, takaful, Islamic capital market, Islamic REITs and Islamic unit trust funds. Her responsibilities include advising on Shariah compliance, governance structures, and the application of Shariah principles in Islamic financial products and transactions.

Irma Namira commenced her career in 2012 as a Shariah executive in RHB Islamic Bank Berhad. Specialising 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 has extensive experience in the practical application of Shariah principles for Islamic financial products and services, encompassing 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 also holds Certified Professional Shariah Auditor (CPSA) and Associate Qualification in Islamic Finance (AQIF) certifications from IBFIM. She is a fellow member of the Association of Shariah Advisors in Islamic Finance (ASAS).

Notes - None of the Shariah Committee members have:

  • any family relationship with any Director of the Manager and/or major unitholder of Al-Aqar;
  • any conflict of interest with Al-Aqar;
  • any conviction of interest within the past 5 years (other than traffic offences); and
  • any public sanctions or penalties imposed by the relevant regulated bodies during the financial year ended 31 December 2024.

Permissible Activities & Guidelines

  • 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 all the tenants operate non-permissible activities. The current tenants are all operators 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.