The Royal Award for Islamic Finance 2022 was bestowed to Tan Sri Dr. Mohd Daud Bakar by the Yang di-Pertuan Agong at an award presentation ceremony held in Kuala Lumpur today.
Established in 2010, The Royal Award a biennial award jointly organised by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC).
It is part of the Malaysia International Islamic Financial Centre’s (MIFC) initiative to recognise and honour individuals who have excelled in advancing Islamic finance globally through their contributions and achievements.
Tan Sri Dr. Mohd Daud Bakar currently serves as Chairman of the Shariah Advisory Council for both BNM and the SC.
He is also a Shariah board member of international financial institutions and organisations such as Amundi Asset Management (France), Bank of London and Middle East, Dow Jones Islamic Market Index (New York), Morgan Stanley (Dubai), and Sedco Capital (Saudi Arabia).
He was also instrumental in developing the first Shariah standard on gold issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Apart from his active involvement globally, Tan Sri Dr. Mohd Daud Bakar was also a former President of International Islamic University Malaysia (IIUM).
In addition, he has established a few Shariah advisory services and fintech companies contributing to Shariah-related framework and policies, product structuring, human capital development and technology solutions.
He has written more than 40 books written in various genres that sheds light on modern scholars’ interpretation of Shariah rulings and its practical application in the Islamic finance industry.
He has also published numerous articles in academic journals, some of which were presented at established international conferences.
Commenting on the recipient of The Royal Award, Jury Chairman Tun Musa Hitam said,
“As a respected Shariah scholar, author and entrepreneur, Tan Sri Dr. Mohd Daud Bakar has played a prominent role in shaping the global Islamic finance industry.
He is widely recognised for his contributions in advancing Shariah thought leadership in Islamic finance.”
