Specialist Committee: Investment
| NAME |
|---|
| Mr. Suliman Noor Mahomed (Solly Noor) |
| Mr. Haroon Karim |
| Mr. Mahmood Shaikhani |
| Mr. Ashraf Satar |
| Mr. Farook Kassim |
Scope/terms of responsibilities
- Custody of all Trustee Fees of WMO at Central and Regional Level and authorize the deployment/use of the funds on the delegated authority of the Board of Trustees
- Oversight of all Non Zakath Funds of WMO and allocation of these funds for Overhead and Investments
- Quarterly Review of all Investment of the WMO and make necessary adjustments to ensure optimum return on the Investment while ensuring Capital Protection
- Appoint of Agents for the proper management of Immovable assets of WMO for the care& protection of these assets, optimize returns, minimize capital erosion and institute legal action (where necessary) etc
- Appointment of Investment Managers to manage the Funds, setting their terms of contract, and limits on delegated authority
- Authority to decide on different classes of assets permitted for deployment of WMO Funds and thereafter set limits of investments in different classes of assets, minimum returns etc
- Ensure all Investments of WMO Funds are Sharia Compliant
