• 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 allthe tenants operate non-permissible activities. The current tenants are alloperators 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.

Shariah Committee

Dato' (Dr) Haji Nooh bin Gadot

Dato' (Dr) Haji Nooh bin Gadot was appointed as the Chairman and Member of Shariah Committee of Al-`Aqar since 22 June 2006. Currently, Dato' (Dr) Haji Nooh is the Islamic Advisor to DYMM Sultan Johor and Advisor to Johor State Islamic Council. He is a member of the Johor Royal Council and Islamic Religious Council (Johor).

Dato' (Dr) Haji Nooh graduated from the Al-Azhar University in Egypt with a Bachelor in Islamic Law and Shariah Islamiah. He obtained his tertiary Islamic education from Maahad Institution in Johor majoring in As-Syahadah Al-Thanawiyyah, Arabic Secondary School, Segamat Madrasah Al-Khairiyyah Al-Arabiyyah – AsSyahadah Al-Ibtidaiyyah, Segamat and Islamic Primary School State of Johor Special Class. On 22 April 2012, he obtained the Ijazah Kehormat Sarjana Sastera (Master of Art) from Asia e University.

In addition to his official studies, Dato' (Dr) Haji Nooh attended a course on Managing Fatwa Darul Iffa in Ministry of Justice of Egypt under the supervision of State Mufti of Egypt, Al-Ustaz Al-KabeerDr. Syed Muhammad Tantawi and courses on Management and Administration of Wakaf organised by Egypt Wakaf Authority.

Before his appointment as Mufti of Johor from year 1999, Dato' (Dr) Haji Nooh was appointed as Vice Mufti of Johor and Chief Assistant Director, Department of Administration of Shariah Law (Chief Kadi). His vast experience in Islamic practise and jurisprudence, juristic methodology, hadith and its sciences and spirituality was 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. He compulsorily 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). Currently, he holds various positions which includes amongst others, the Board Member of Waqaf An-Nur Corporation Berhad, Board Member of Kolej Pengajian Islam Johor (MARSAH), Vice Chairman of Pengawalan dan Perlesenan Pencetakan Teks Al-Qur'an Kementerian Dalam Negeri, Board Member of Yayasan Dakwah Islamiah Malaysia, Shariah Committee of QSR Brands and KFC Holdings, Shariah Committee of Jabatan Kemajuan Islam Malaysia (JAKIM), Shariah Committee of Permodalan Nasional Berhad (PNB), Board Member of Infaq Lil-Waqaf Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA), Shariah Committee of NCB Holdings Bhd, Joint Chairman of Institut Ahli Sunnah WalJamaah Johor (IASWJ), Primary Consultant of Shariah Advisory Panel of Koperasi Permodalan Melayu Negeri Johor (KPMNJ), Board Member of Maij Urus Sdn. Bhd., Shariah Advisor of Fly Johore Sdn. Bhd., Committee Member of Selection and Service of YayasanDakwahIslamiah Malaysia (YADIM), Panel Pemikir Fatwa Jabatan Kemajuan Islam Malaysia (JAKIM), Advisory Member of Word Halal Summit (Shapers M'sia Sdn. Bhd.), Boa d of Trustee Member of Yayasan Wakaf AnakYatim Malaysia (YAWATIM), Advisory Panel of Pameran Kenali & Cintai Rasulluah (PKCR) and Advisory Committee Hajj Member of Tabung Haji Malaysia.

Since year 2001 until now, Dato' (Dr) Haji Nooh is active in presenting his proposals and working papers in various issues related to religion that brings into effect the social and spiritual life of the communities. He was conferred the prestigious award Ma'al Hijrah from the State of Johor in year 2009, award Tokoh Dakwah Sempena Sambutan Jubli Emas dan Sempena Anugerah Kecemerlangan Maahad Johor and prestigious award of Maulidur Rasul National Award for the year 1434H/2013M as well as Pingat Bakti Setia (Anugerah Menteri Dalam Negeri) in conjunction with the celebration of 224th Prison Day. Apart from that, Dato' (Dr) Haji Nooh also awarded with Pingat Sultan Ibrahim Pangkat Kedua (P.S.I II), Honorary Doctorate Award (Human Development) from Universiti Tun Hussien Onn (UTHM) and Senior Citizens' Special Award in conjunction with the celebration of 2015 National Senior Citizens and Children's Day from Ministry of Social Welfare. He is also a recipient of Tokoh Agama PERKIM. 36 Al-`Aqar Healthcare REIT

Dato' (Dr) Haji Nooh bin Gadot is currently Director of Universiti Tun Hussein Onn (UTHM), Chairman of The Teaching and Advancement of Islam Studies, a member of various councils including the Johor Royal Congregational Council, Johor Islamic Council's Finance and Investment as well as Planning and Development units. He is also a member of various committees within the Johor Islamic Council including Zakat, Wakaf, Baitulmal, Teaching Certification and Education.

Professor Madya Dr. Ab. Halim bin Muhammad

Professor Madya Dr. Ab. Halim bin Muhammad was appointed on 22 June 2006 as the Shariah Committee Member of Al-`Aqar.

He obtained his Bachelor in Shariah from Al-Azhar University in Egypt in 1972 and subsequently obtained his PhD in Shariah from St. Andrews, University of Scotland in 1977.

He began his career with Universiti Kebangsaan Malaysia as the Head of Department of Quran and Sunnah, Faculty of Islamic Studies and Lecturer at Faculty of Law Universiti Kebangsaan Malaysia.

He has served as Shariah Advisor and Shariah committee member at several corporate organisations such as Tabung Haji, Bank Negara Malaysia, Dewan Bahasa dan Pustaka, Takaful Nasional and Terengganu Trust Fund as well as financial institutions namely, Bank Muamalat Malaysia Berhad, Bank Kerjasama Rakyat Malaysia Berhad, RHB Bank Berhad and Bank Pembangunan Malaysia Berhad.

At present, he is the Shariah committee member of Bank Muamalat Malaysia Berhad, ANGKASA and Terengganu Trust Fund.

Professor Dr. Mohamad @ Md. Som bin Sujimon

Professor Dr. Mohamad @ Md. Som bin Sujimon was appointed on 20 May 2013 as the Shariah Committee Member of Al-`Aqar.

He graduated from University of Al-Azhar, Egypt with a Bachelor of Honours from the Faculty of Islamic Jurisprudence and Law in 1979. He obtained his Master of Arts in Teaching from Mississippi State University, United States of America in 1982 and completed PhD in Islamic and Middle Eastern Studies at the Faculty of Arts in University of Edinburgh, Scotland, United Kingdom in 1997.

He began his career as a Lecturer at the Faculty of Arts and Social Science, Universiti Malaya from 1983-1986 and later migrated to Brunei Darussalam whereby he was part of the team which founded three (3) institutions, namely Universiti Brunei Darussalam (UBD), Universiti Islam Sultan Syarif Ali (UNISSA) and Kolej Universiti Perguruan Ugama Seri Begawan.

In Brunei Darussalam, he was an Associate Professor at the Faculty of Shariah and Law, UNISSA as well as an Associate Professor at the UBD and Institute of Islamic Studies Sultan Haji Omar Ali Saifuddien. He was also an Associate Professor at the International Islamic University Malaysia from 1999 to 2005.

He was a Senior Researcher at the International Shariah Research Academy and is currently the Chief Executive Officer of Kolej Pengajian Islam Johor and member of the Shariah committee for HSBC Amanah Takaful. In December 2013, he was appointed as the Chairman for the Shariah Board of Brisbane Islamic Investment Fund, an Australian regulated Islamic investment fund and Islamic finance business custodians which deals with manufacturing and services, energy and resources, real estate, solar and clean energy and livestock.