Kuala Lampur, July 11 -- Noted Islamic finance expert Datuk Mohd Daud Bakar has been appointed as the eighth president of the International Islamic University of Malaysia (IIUM), seven months after the post was vacated by Education Minister Maszlee Malik.

Daud's three year-appointment, starting July 1, received the assent of IIUM constitutional head Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah.

"His appointment will aid in developing IIUM to become a respected institution by both domestic and international communities, and in line with its stakeholders who consist of members of the Organisation of Islamic Countries in particular.

"The university's management, administrative and academic personnel, as well as student b...