Shari’ah Supervisory Board
Shari’ah Supervisory Board (SSB)
The foundation of People’s Leasing Al-Safa Islamic Finance is firmly rooted in the principles of Shari’ah compliance and ethical banking. Guiding this commitment is our Shari’ah Supervisory Board (SSB) an independent panel of eminent scholars who oversee, review, and certify all operations, products, and transactions to ensure they conform to the principles of Islamic finance.
The Board provides continuous guidance and supervision across all aspects of our operations, ensuring that every activity upholds the values of transparency, fairness, and integrity as prescribed by Shari’ah. From product structuring to investment decisions, the SSB’s expertise safeguards the authenticity and trust that define Al-Safa’s Islamic financial services.
Members of the Shari’ah Supervisory Board
As-Sheikh M. I. M. Rizwe Mufti-Since 2005
Mufti M.I.M. Rizwe is a distinguished Islamic scholar and the President of the All Ceylon Jamiyyathul Ulama (ACJU), the apex body of Islamic theologians in Sri Lanka. A graduate of Jamiyyathul Uloomil Islamiya, Karachi, with specialization in Islamic Jurisprudence, he also holds M.A. degrees in Arabic and Islamic Studies from Wifaqul Madarisil Arabiya, Pakistan. With over three decades of service, Mufti Rizwe is a respected authority in Islamic scholarship, education, and interfaith harmony. He has delivered over 25,000 lectures worldwide, advocating peace and ethical conduct. He serves as a Shari’ah Advisor to leading financial institutions, including Amana Takaful, Bank of Ceylon, People’s Leasing, and the Maldives Islamic Bank. Recognized among the 500 Most Influential Muslims in the World by the Royal Islamic Strategic Studies Centre, Jordan, Mufti Rizwe’s leadership continues to inspire advancements in Islamic finance and moral governance globally.
As-Sheikh M. H. M. Yoosuf Mufti -Since 2005
Mufti Yoosuf Haniffa is a distinguished Sri Lankan Islamic scholar, educator, and Shari’ah advisor, widely recognized for his contributions to Islamic finance, education, and community development. A graduate of the Islamic University of Karachi, he has played a leading role in advancing Islamic financial literacy and ethical governance since his return to Sri Lanka in 1993.He serves as the Volunteer Chairman of the Zam Zam Foundation, a registered humanitarian NGO established in 2013, committed to empowering underprivileged communities across Sri Lanka. Its U.S. counterpart, Zam Zam Foundation USA Inc., is a 501(c)(3) tax-exempt nonprofit, and the organization obtained Special Consultative Status with the United Nations ECOSOC in 2023, underscoring its global recognition and credibility.Renowned for his insight, eloquence, and ethical leadership, Mufti Yoosuf continues to guide institutions and inspire communities through his scholarship, public engagement, and steadfast dedication to Islamic values and social justice.
As-Sheikh M. H. M. Huzaifah- Since 2023
Ash-Sheikh Huzaifah Hussain is a respected scholar in the field of Islamic Finance with extensive experience across Sri Lanka and the Maldives. He serves on the Shariah Boards of several leading Islamic financial institutions, including banks, finance companies, wealth management firms, and takaful operators.
He is actively engaged with the Fatwa Committee of the All Ceylon Jamiyyathul Ulama (ACJU), the supreme body of Islamic theologians in Sri Lanka, and has contributed as a Shariah consultant in pioneering initiatives such as establishing Islamic banking units, takaful operations, and waqf-based financial systems.
Widely recognized for his expertise in Shariah compliance frameworks, training programs, and scholarly works on Islamic commercial transactions, Ash-Sheikh Huzaifah continues to play a key role in advancing Islamic finance in the region. He joined the Shariah Supervisory Board of Al Safa Islamic Unit of People’s Leasing on 24th November 2023.
Mr.M.Y.I.Nizamdeen-Since 2025
Mohamed Yahya Ilham Nizamdeen is a seasoned Islamic Finance professional with over 15 years of specialized experience in Shariah-compliant banking, finance, and capital markets. Holding a Master’s degree in Islamic Banking & Finance and the prestigious Certified Shariah Advisor & Auditor (CSAA) credential from AAOIFI, he has built a distinguished career at the intersection of financial innovation and Shariah compliance.
He currently serves as an Islamic Finance Specialist at Peoples Leasing handling, audit, training, & compliance.
His expertise spans Shariah screening, internal and external audits, regulatory compliance, product structuring, and the development of Islamic financial units within conventional institutions.
Each year, the Shari’ah Supervisory Board issues an Annual Shari’ah Report, reaffirming our adherence to Islamic principles and highlighting the Board’s findings, observations, and certification of compliance. These reports stand as a testament to our unwavering dedication to maintaining the highest standards of Shari’ah governance.
You may access the Annual Shari’ah Supervisory Reports below.
SSB Report 2024/25
SSB Report 2023/24
SSB Report 2022/23
