Risk & Profit in Financial Instruments
About the Author:
Mr MS Omar who has considerable experience and legal skills, has dealt with a wide variety of complex legal cases. He has the unique distinction of dealing with both chamber work and Litigation. He has appeared regularly in the High Courts. He successfully argued the landmark case Amod v Multilateral Motor Vehicle Accidents Fund (1999) in the Constitutional Court and The Supreme Court Of Appeal. This case which developed the Common Law by recognizing a duty of support flowing from an Islamic marriage has been used as a precedent and applied in a number of subsequent cases.
In his capacity as a Shariah expert, Mr MS Omar has drafted a number of Shariah compliant products and has expressed diverse Shariah opinions. He also sits on various Shariah boards including Al Baraka Bank South Africa, The Old Mutual Al Baraka Equity Fund, Maldives Islamic Bank. In addition, he has given advice to and drafted documents for various financial institutions and conventional banks on Islamic Financial instruments, products, and related matters.
Mr MS Omar was also the primary drafter of the Muslim Marriages Bill which was approved by the South African Law Reform Commission and submitted to the Ministry Of Justice in 2003.