Wan Abdul Rahim Kamil

Islamic Capital Market Specialist

Mr. Wan Abdul Rahim Kamil currently serves as an Islamic Capital Market consultant with the Securities Commission (Malaysia’s Capital Market regulatory authority). Being in that position, he advise and help formulate and develop the regulatory as well as market framework for the Islamic capital market industry in Malaysia. He was also involved in similar tasks with respect to the Islamic banking works during his days with Bank Islam Malaysia Berhad.

During his tenure as Managing Director / CEO of Abrar Discounts Berhad from 1994 to 2006, he successfully converted and repositioned the then-fledgling Jati Discounts Berhad into a fully-dedicated Islamic Discount House and into an active Capital Market industry player that had innovated several capital market products and treasury mechanisms into the industry.

As one of the pioneer staff of Bank Islam from 1983 to 2003, he was entrusted to handle Corporate Advisory, Investment Banking and Project Development activities. Throughout his three decades involvement in Islamic finance, he is personally credited with several of the Islamic finance innovations introduced in the market such as Rahnu (for Islamic 'pawnshops‘), Murabahah Notes Issuance Facility (MuNIF) commercial papers, Islamic bonds issued under the contracts of Musharakah, Qardhul Hasan and Bai' Bithaman Ajil (BAIDS) and the first Islamic Asset-Backed Securities (ABS).

Much-sought after expert on Islamic finance, he actively contributes in his capacity as member of International Islamic Financial Market (IIFM)’s Market & Product Development Committee, National Economic Action Committee (NEAC)’s Islamic Banking Committee, Securities Commission’s Islamic Capital Market Working Group and LOFSA’s Task Force on Islamic Finance. He is a regular contributor to the Islamic Banker, an internationally-distributed monthly publication on Islamic finance.

He holds a Professional Membership from the Institute of Statisticians (now merged with Royal Statistical Society) of UK. He also holds a post-graduate degree from the International Institute of Islamic Banking and Economics, Republic of Northern Cyprus.

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