About Capital Market Shariáh Advisory Council

The Capital Market Shariáh Advisory Council (CMSAC) acts in an advisory capacity to the CMDA Board of Directors on matters concerning the development & regulation of the Islamic Capital Market. The CMSAC is responsible for validating all Islamic Capital Market matters to ensure their compatibility with Shariáh.
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Dr. Aishath Muneeza

Chairperson
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Sh. Izzadheen Adunaan

Council Member
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Sh. Nimal Mohamed

Council Member
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Dr. Ismail Nizam

Council Member
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Sh. Ahmed Rifshan

Council Member