Mohamad Safri Shahul Hamid
Chief Executive Officer

Mr. Mohamad Safri Shahul Hamid joins the IILM after spending 13 years at CIMB Bank (Bank) where he had served the Bank in various capacities including as a Deputy CEO for CIMB Islamic and as a Senior Managing Director at the Bank’s Public Sector Group.

Mr. Safri brings with him almost 30 years of experience in the banking and financial sector including over 20 years of meaningful experience as a pioneer, structurer, transactor and renowned leader in the Islamic banking and finance locally and internationally. He is well regarded as one of the pioneers of the Islamic capital market globally.

During his time as Deputy CEO at CIMB Islamic Bank & CIMB Group Islamic Banking, Mr. Safri was instrumental in a number of ground-breaking, “world’s first” and award-winning transactions:

  • All the exchangeable Sukuk transactions for Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund
  • First rated corporate Sukuk in the Middle East
  • World’s first Islamic Residential Mortgage Backed-Securities (RMBS)
  • World’s first Renminbi-denominated Sukuk
  • World’s largest Renminbi-denominated Sukuk
  • World’s first stapled Islamic REITs
  • Inaugural and historic global Sukuk issuances for the Government of the UK and Hong Kong, respectively

Mr. Safri has a strong credit background having served as one of the Group Credit Committee members at the Bank for about eight years between 2012 and 2020 as well as well as a Senior Analyst at the Malaysian Rating Corporation Berhad from 2000 – 2003.

Mr. Safri holds a bachelor’s degree in accounting from the International Islamic University Malaysia and an MBA (Globalisation) from Maastricht School, the Netherlands. He is a Chartered Accountant with the Malaysian Institute of Accounts (MIA).

Mr. Safri is recognised as one of the world’s top 50 Islamic bankers in 2015, and is a renowned speaker at many local and international Islamic conferences and events.