Kuala Lumpur, 20 Oct 2022 – INCEIF University today announced the appointment of Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus as the Chancellor of INCEIF University and Tan Sri Dr Mohd Daud Bakar as the Pro-Chancellor.

Tan Sri Nor Shamisah will succeed Tan Sri Dr Zeti Akhtar Aziz, who served as the first Chancellor since 2009.

INCEIF takes this opportunity to thank Tan Sri Dr Zeti for her invaluable contributions and stewardship since INCEIF was established. Her leadership and guidance have contributed to INCEIF’s growth and progress on many levels, particularly on the international financial and regulatory landscape.

Tan Sri Nor Shamsiah assumed office as Governor of BNM on 1 July 2018. As Governor, she chairs BNM’s Board of Directors as well as the Monetary Policy Committee and the Financial Stability Committee. She is also a Council Member of the Islamic Financial Services Board and a Member of the Governing Board of the International Islamic Liquidity Management Corporation.

Pro-Chancellor Tan Sri Daud currently serves as Chairman of the Shariah Advisory Council for Bank Negara Malaysia and the Securities Commission Malaysia. He is also a Shariah board member of international financial institutions and organisations such as Amundi Asset Management (France), Bank of London and the Middle East, Dow Jones Islamic Market Index (New York), Morgan Stanley (Dubai), and Sedco Capital (Saudi Arabia).

A respected Shariah scholar, author and entrepreneur, Tan Sri Daud was recently bestowed the Royal Award for Islamic Finance 2022 by His Majesty the Yang di-Pertuan Agong for his prominent role in shaping the global Islamic finance industry and advancing Shariah thought leadership. He was instrumental in developing the first Shariah standard on gold issued by the Accounting and Auditing Organization for Islamic Financial Institutions. He has written more than 40 books in various genres that shed light on modern scholars’ interpretation of Shariah rulings and its practical application in the Islamic finance industry.

The appointments of both luminaries further strengthen INCEIF’s continued strategic aims and role in developing talent and embarking on applied research & training to become the knowledge and thought leader in Islamic finance. In a time of rapid change and challenges in higher education, amidst a world looking to be more inclusive, resilient and sustainable, INCEIF is set to benefit from their combined wealth of experience in policy-making, finance and Shariah insights.

As the only full-fledged Islamic finance university with full accreditation from AACSB International, a global association providing quality assurance to more than 900 accredited business schools worldwide, INCEIF is well-positioned to nurture talent to meet the industry’s need as a premier institution of higher learning.