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Outstanding contribution to Islamic finance: Sheikh Nizam Yaquby

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Pushing beyond the boundaries

Sheikh Nizam Yaquby has the ability to simplify complex issues

Sheikh Nizam Yaquby is one of the most powerful people in Islamic finance yet he maintains a low-key profile. He works from the back of an electronics shop in Manama’s souq in Bahrain. To call his space an office is to exaggerate greatly. He sits at a worn-out desk. He doesn’t even have a door. Despite this humble existence, Yaquby is one of the most revered scholars in the industry.

He is also one of the most highly sought after. He sits on the advisory boards of numerous financial institutions, including HSBC Amanah, Citi-Islamic, Abu Dhabi Islamic Bank,...