About
Mustafa Aydemir is a Senior Investment Analyst at Saturna Capital Corp, having joined the firm in March 2017. Based in Berlin, Germany, he plays a key role in Saturna's international research and portfolio management, focusing particularly on Shariah-compliant (Islamic) equity and fixed income investments for both institutional and high net worth clients. His responsibilities include quantitative and qualitative analysis across global markets, with a particular emphasis on ESG (Environmental, Social, Governance) metrics and Islamic finance principles.
Mustafa's sector expertise spans oil and gas, financial services, technology, and broader industrials, reflecting both his prior consulting roles and his coverage as an analyst. Before joining Saturna, Mustafa worked in business and technology consulting with Arthur Andersen and SAP in Germany, and later in the Middle East for major energy and petrochemical companies, including Aramco, SABIC, and GPIC. At Saturna Capital Sdn Bhd in Malaysia, he has contributed to the management of some of the world's largest Islamic mutual funds, serving an international client base in Europe, the Middle East, and Asia.
He holds a degree in Industrial Engineering (magna cum laude) from the University of Esslingen, is a Certified Islamic Professional Accountant (AAOIFI), and has advanced diplomas in Islamic Finance (BIBF, INCEIF). Mustafa is a Chartered Professional in Islamic Finance, a PhD candidate in Islamic ESG Investing (IIUM), and a CFA Level 2 candidate. With over a decade of management consulting and financial research experience, he is recognized for his expertise in sustainable investment ratings and Islamic capital market strategies.
Career History
| Organization | Role | Date Range | Details | 
|---|---|---|---|
| Saturna Capital | Senior Investment Analyst | Sep 2015 to Present | ESG Research, Sukuk Analyst, Global Fixed-Income, Ethical Investing, Sustainable Responsible Impact Investing, SRI, Principles of Responsible Investing, Islamic Finance, Shareholder Activism, Corporat... | 
| Turconsul Sdn. Bhd. | Chairperson of the Board | Jan 2020 to Present | Professional Services, Merger & Acquisition, FinTech, Digital Transformation, Islamic Finance, Academic Research | 
| Musiad Malaysia (NGO) | Deputy President | May 2018 to Present | As part of our responsibility to contribute to our community, I have accepted the appointment to the Board of Directors in the capacity as Deputy President of the INDEPENDENT INDUSTRIALISTS AND BUSINE... | 
| IIUM Institute of Islamic Banking and Finance | PhD Candidate | May 2011 to Present | ESG Research using Data Envelopment Analysis, Environment Social Governance, ESG, Islamic finance, Corporate Governance, Impact Investing, Socially Responsible Investments, Bank Governance, Non-Parame... | 
| Gulf Petrochemical Industries Company | Senior Advisor | Oct 2007 to May 2011 | Information Technology Senior Management, Enterprise Risk Management. Talent Management Framework. Coaching and Mentoring young professionals, SAP Project Management. IT Program Management | 
| SSBS Systems of Strategic Business Solutions | Head of SAP Practice | Jan 2006 to Oct 2007 | Headed a team of certified SAP consultants in the GCC in 2006. Full-fledged ERP implementation with 7 SAP freelancers and 7 SAP ERP 2005 functional and technical consultants from Deloitte. Project inc... | 
| Islamic Development Bank (IDB) | Auditor | Jan 2006 to Jan 2007 | Project audit and SAP strategy development, C-level advisory services | 
| SAP | Senior Consultant | Nov 2001 to Feb 2006 | Technology consulting, consulting management and business development. C-Level advisory. In addition, methodical opportunity management, bid management, solution design for enterprise software archite... | 
| Arthur Andersen | Business Analyst | Sep 1999 to Sep 2001 | Junior analyst for business consulting, technology consultant for Oracle ERP applications Worked two years for Arthur Andersen Business Consulting – Advanced Technology Practice (ATP) now part of Delo... | 
Education
Universiti Islam Antarabangsa Malaysia
Doctor of Philosophy, Islamic Banking and Finance
2011 — 2016
INCEIF
Chartered Islamic Finance Professional, Banking, Corporate, Finance, and Securities Law
2012 — 2013
Investment Banking Institute
Investment Banker, Financial Services
2009 — 2009
Bahrain Institute for Banking and Finance
Advanced Diploma in Islamic Banking and Finance, Banking and Finance
2008 — 2009
Fachhochschule Esslingen - Hochschule für Technik
Diplom Engineer, Industrial Engineering and Automotive Production
1998 — 2001
Others at Saturna Capital Corp. (10)
| Name | Role | Location | 
|---|---|---|
| Vice President, Product Development | Bellingham, WA , United States | |
|  | Portfolio Manager and Senior Investment Analyst | Bellevue, WA , United States | 
| EElizabeth Alm | Portfolio Manager and Senior Investment Analyst | Bellingham, WA , United States | 
| President | Bellingham, WA , United States | |
| Executive Vice President, Portfolio Manager | Bellingham, WA , United States | |
| Vice President Information Technology | Kirkland, WA , United States | |
| JJohn Corrieri | Vice President Retirement Services | Bellingham, WA , United States | 
| Fixed Income Analyst | Bellingham, WA , United States | |
| SSean Spurgin | Portfolio Analyst and Security Data Manager | Bellingham, WA , United States | 
| ZZahid Siddique | Senior Equity Analyst, Portfolio Manager | Bellingham, WA , United States |