Mohamed Ridza Abdullah
Mohamed Ridza & Co.
Could you provide a brief journey of how you arrived where you are today?
In 1998, I joined Technip, a French oil and gas company where I was based in their headquarters in Paris, before being posted back to Kuala Lumpur when Technip decided to make Malaysia their Asia-Pacific regional headquarters. In 2000, I joined Messrs Zaid Ibrahim & Co as a partner, and in 2004 I was made the head of the firm’s Islamic Banking and Finance Division. In June last year, Messrs Mohamed Ridza & Co was incorporated.
What does your role involve?
I also sit on the boards of several companies as an independent director, as part of my role to promote corporate governance in companies. In addition, I give talks to students and industry practitioners in Islamic finance and corporate governance-related matters.
What is your greatest achievement to date?
Which of your products/services deliver the best results?
Of course, the challenge being an Islamic finance lawyer is that one needs to ensure that not only are the products structured to fulfil Shariah requirements, but we also need to ensure that they are legally enforceable and meet the needs of the clients as well.
What are the strengths of your business?
What are the factors contributing to the success of your company?
What are the obstacles faced in running your business today?
Alhamdulillah, I find that the industry is beginning to embrace and believe in these concepts and products.
Where do you see the Islamic finance industry, maybe in the next five years?
Name one thing you would like to see change in the world of Islamic finance?
Also, Islamic finance should not just be seen as a means of making money, but as a way of contributing to the social contract for which each one of us is responsible towards the society at large.
Mohamed Ridza & Co advises on corporate and commercial law, construction law and Islamic banking and finance. Being trained in Shariah as well as common law, Mohamed Ridza has advised clients locally and internationally on Islamic banking documentation utilizing various Shariah concepts ranging from Islamic trade finance, Islamic corporate and retail banking and Takaful. Mohamed Ridza & Co can also advise clients on Islamic offshore financing, Islamic private debt securities and Islamic backed debt securities.