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Muslim Views . December 2015
Expert joins MV team to focus on Islamic finance MUSLIM VIEWS launches an expanded Focus on Finance section in its January 2016 edition. While the team from Nexia SAB&T will continue to offer advice on regulatory financial matters, our new writer on board, Basheer Moosagie, will share his expertise and insights on, mainly, Islamic finance. Moosagie is a business development analyst at Arrow Africa Trading. When he is not busy with regular work, he volunteers as a consultant at Grow Movement. Grow Movement is a UK-based NGO that attempts to unlock the potential of entrepreneurs in Africa by matching them with volunteer business consultants from around the world. Currently, Moosagie is working with a Ugandanbased entrepreneur to improve business processes. Moosagie is also in the final stages of a master’s programme in Islamic finance, at University of Aston, in Birmingham, United Kingdom. Last year, he obtained his MBA from University of Stellenbosch, where he focused his studies around Islamic finance. His master’s dissertation measured the performance of the FTSE100 against that of a shariahapproved portfolio over a 14-year period. His findings suggest that the returns of a risk adjusted, shariah-approved portfolio outperformed the returns of the FTSE100 over the period. Prior to the MBA, Moosagie was involved in various capacities within the retail environment. He started his career as an operations manager, which culminated in his appointment as a general manager at a local franchise store. After nine years in the family business in the automotive industry, Moosagie decided that it was time for a change in scenery and a career, and ventured out of the crib into the retail environment. In order to advance his administration, he completed a Post-Graduate Diploma in Business Administration at the Graduate School of Business (GSB) at University of Cape Town (UCT). It was during this time that he was introduced to the concept of ethical finance. In 2000, Moosagie registered for the Associate in
Muslim Views
Battle of the Books
The team that represented Al-Aqsa School, Lenasia Extension 5, in the Battle of the Books, a reading development programme hosted by the City of Johannesburg’s library and information services are, from left: Ahmad Cassim (Gr. 6), Aamina Ebrahim Fakir (Gr. 6), Aaishah Mohamed (Gr. 6), Asma Mohamed (Gr. 6), Afreen Khan (Gr. 7) and Lamees Omar (Gr. 7). The Al-Aqsa team was coached by Shaakira Osman, the school librarian. Al-Aqsa did extremely well, reaching the final four out of a total of 226 schools that participated. They finished as runners-up to Unified Public School, in Maraisburg, Roodepoort, in the Metropolitan Final, missing out on first place by a margin of just two points. The other two finalists were Basa Diepsloot Primary School and Rebonwe Primary School, Ivory Park, Midrand. Photo SUPPLIED
Basheer Moosagie.
Photo SUPPLIED
Management programme at GSB, UCT, to improve his overall management skills. He started his post-matric studies at the Islamic University of Madinah, where he completed a twoyear programme in Arabic and Islamic studies.
Battle of the Books was launched 20 years ago and is open to learners in Grades 6 and 7. A team of six is given the task of reading 15 books about which they are asked questions. Learners start as early as April to prepare for the book quiz, which is held in a series of knock-out rounds. The winners of each round concurrently progress to rounds covering a broader region, which culminates in the Metropolitan Final.