The Women of INCEIF Receives International Recognition


Kuala Lumpur, 4 April – INCEIF congratulates its Alumni and Faculty members whose contribution to the Islamic finance industry received international acknowledgement when 11 of them made it to the list of top 100 influential women in Islamic banking and finance (IBF).

The WOMANi2018 List report is compiled by financial services intelligence company Cambridge IF Analytica which publishes Islamic Finance Review, the official publication of UK-based Islamic Bankers Association. In compiling the list, Cambridge IFA said it canvassed a wide range of market opinions and conducted extensive data mining exercise before drawing up a definitive list of the 100 most influential women in Islamic finance, assessing their influence and leadership over their institutions and market sector, as well as career and performance to date. 

Although not included in the 2018 list, the report acknowledged that leading this band of influential and powerful women is INCEIF Chancellor Tan Sri Dr. Zeti Akhtar Aziz, former Governor of Bank Negara Malaysia, who is undoubtedly one of the most iconic global figures in Islamic finance.

A total of 11 women of INCEIF made it to the list of influential women in IBF, which means 11 per cent of the movers and shakers among women in the industry globally are either currently teaching at INCEIF or studied Islamic Finance at the university.

Assoc Prof Dr Aishath Muneeza, INCEIF’s Subject Matter Expert on Shariah and Law, is listed at No 14 on the influential women in Islamic finance list. A Maldivian, Dr. Aishath Muneeza could easily be considered as founder of the Islamic finance industry in Maldives, as she was a driving force behind the setting up of a number of institutions offering Islamic finance in her country. As a policy maker, attorney and also an academician who has tirelessly fought for the sustainable development of Islamic finance in her country, she is a role model and a mentor for numerous women who aspire to develop a career in Islamic finance. 

Next on the list is Alumna Dr. Azura Othman at No 17. A Malaysian, she is currently the CEO of the Chartered Institute of Islamic Finance Professionals (CIIF). Since April 2015, she is also a Non-Executive Director of Bank Muamalat Malaysia, and in this capacity also serves as Chairman of its Audit Committee. She completed her Chartered Islamic Financial Professional (CIFP) and PhD in Islamic Finance at INCEIF.

Another faculty member, our Subject Matter Expert on Waqf Assoc Prof Dr Magda Ismail is listed at No 26. A Sudanese, Dr Magda has written extensively and authored numerous books on zakat and waqf and been consulted on this area globally. Over the years, she has received awards for her contribution and achievement in the field of Islamic economics and finance.

Alumna Dr. Irum Saba, who completed her CIFP and PhD at INCEIF, is at No 33. A Pakistani, she is currently an Assistant Professor at Institute of Business Administration (IBA), Karachi, where she directs the MS Islamic Banking and Finance programme, and coordinates academics and research for the Centre for Excellence in Islamic Finance-IBA. She delivers training both at local and international levels in addition to teaching, research and administrative work.

At No 34 is CIFP student Ms Angelia Chin-Sharpe who is the CEO of BNP Paribas Investment Partners Malaysia, and Global Head of the Islamic segment for BNP Paribas Investment Partners. As global head of the Islamic segment, Malaysian Ms Chin-Sharpe is responsible for driving BNP Paribas Investment Partners’ Islamic business development opportunities globally, working with its global network.

Alumna Ms Nighat Tanveer, one of the first batch of CIFP graduates in 2009, is listed at No 44.  As an Additional Director at State Bank of Pakistan, she is responsible for advocacy of Islamic banking in Pakistan. A Pakistani, she is also deemed as one of the most experienced Islamic banking trainers in the country. 

Others who made it to the list are:

  • No 54 – Alumna Assistant Prof Dr. Omaima Eltahir Babikir Mohamed of Sudan (PhD at INCEIF), Programme Director at Universiti Tun Abdul Razak Malaysia
  • No 62 – Alumna Joann Enriquez of the Philippines (Masters in Islamic Finance Practice at INCEIF), Chief Operating Officer of Ethis Ventures Singapore
  • No 66 – Alumna Dr Liza Mydin of Malaysia (PhD), Head of Strategic Research & Advisory, Maybank Islamic Bhd Malaysia
  • No 70 – Alumna Aziza Yarlaeva of Uzbekistan (CIFP), Head of Strategic Planning, CIBAFI Bahrain
  • No 81 – Alumna Dr Alaa Alabed of Bahrain (CIFP and PhD), Senior Financial Analyst, International Islamic Rating Agency Bahrain.

Malaysian women once again dominated the list. Five of the top 10 are leading Malaysian women in their respective areas. Of a total 100 women on the ranking, 21 are Malaysians. The report said Malaysia is indeed a good example for the growing presence of women at senior levels in the Islamic finance sector. Malaysian women have not only set the pace to occupy high positions in Islamic banking, but have been playing prominent roles in the overall development of the industry as well. The dominance of Malaysian women in Islamic banking and finance conforms the view that the success of individual players is largely determined by the overall market environment. In many other countries in the Muslim world, the socio-economic fabrics might not in fact be entirely in favour of women, the report said.

The full list of the award winners and the report can be found here:



Share this post