Shari’ah Advisory Board

Mufti Muhammad Taqi Usmani (Chairman)

Justice (Retd.) Muhammad Taqi Usmani is a renowned figure in the field of Shariah, particularly in Islamic Finance and economics.

He has served as a Judge in the Shariah Appellate Bench, Supreme Court of Pakistan from 1982 to 2002. He is also the Editor of the magazine 'Albalagh' (a weekly publication of Jamia Darul Uloom, Karachi) as well as an active contributor of articles in leading Pakistani newspapers.

Justice (Retd.) Muhammad Taqi Usmani, who was born in Pakistan, graduated from Punjab University, Pakistan in 1970. Additionally to that, he holds an LLB from Karachi University. Prior to these, he completed the 'Takhassus' course, which is a specialization course in Islamic 'Fiqh' and 'Fatwa' (Islamic Jurisprudence) from Jamia Darul Uloom Karachi.

In March 2004, His Highness Sheikh Mohammad Bin Rashid Al Maktoum (Dubai Crown Prince and UAE Minister of Defense) presented a special award to Justice (Retd.) Muhammad Taqi Usmani in recognition of his lifetime service and achievement in Islamic Finance at the occasion of the International Islamic Finance Forum, Dubai, which is one of the biggest events in the Islamic Finance Industry.

Other positions currently held:

  • Permanent Member of the International Islamic Fiqh Academy, Jeddah, Saudi Arabia
  • Vice President, Darul Uloom Karachi, Pakistan
  • Chairman, Shariah Council AAOIFI, Bahrain
  • Member and Former Chairman, Islamic Fiqh Academy of Rabita-al-Alam-e-Islami, Makkah, Saudi Arabia
  • Member, European Council of Fatwa and Research, Dublin, Ireland
  • Chairman, Center for Islamic Economics Pakistan
  • Chairman, Shari’ah Advisory Board, Pak-Qatar Family Takaful Limited, Pakistan
  • Chairman, Shariah Board, Meezan Bank Limited, Pakistan
  • Chairman, Shariah Board Dow Jones Islamic Market Index, New York, USA
  • Chairman, Shariah Board, Bahrain Monetary Agency, Bahrain
  • Chairman, Shariah Board, Amana Investments Limited, Sri Lanka
  • Chairman, Shariah Board Abu Dhabi Islamic Bank, UAE
  • Chairman, Shariah Board Islamic House of Britain plc, UK
  • Member, Shariah Board, First Islamic Investment Bank, Bahrain
  • Member Shariah Board, Islamic Corporation for Development of the Private Sector, (an organ of IDB), Jeddah, Saudi Arabia
  • Chairman, Shariah Board Islamic Financial Services Board.
  • Chairman, Shariah Board International Islamic Rating Agency
  • Member Shariah Board, Guidance Financial Group, USA
Mufti Ismatullah (Shari’ah Advisor & Member)

Mufti Ismatullah did his PhD from Karachi University and his Takhassus (specialization) in Islamic Fiqh and Fatawa from Jamia Dar ul Uloom. He has extensive experience teaching various courses there. He has worked for over ten years in the Fatwa department (Darul Ifta) at Dar ul Uloom.

Besides being the Shariah Advisor at Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited he also serves as the Shariah Advisor at Bank Al Habib's Islamic Banking Division.

Mufti Ismatullah is also involved in research in the fields of Islamic finance and specifically Takaful.

Mufti Muhammad Hassaan Kaleem (Member)

Mufti Muhammad Hassan Kaleem holds the degrees of Alimiyyah and Takhassus (specialization) in Islamic Jurisprudence (Fiqh) from Jamia Darul Uloom, Karachi and Centre for Islamic Economics. He is also a faculty member /teacher at the same institution.

Furthermore, he is a member of the curriculum committee of the National Institute of Banking and Finance (NIBAF). His areas of expertise are Islamic Finance and Takaful. He is a Shariah Advisor at both AlBaraka Islamic Bank and Center for Islamic Economics, Pakistan. He is a frequent guest-speaker and lecturer at many different conferences, seminars and forums.

Mufti Muhammad Zahid Sangharwi (Member)

Mufti Muhammad Zahid completed his dissertation in Islamic Jurisprudence with outstanding record throughout his academic career, winning numerous awards. He completed his Al–Aalamiyyah (a degree recognized by the HEC-Higher Education Commission of Pakistan) equivalent to Masters in Arabic and Islamic Studies in 2005 from Jamia Darul Uloom Karachi. Later, he completed his specialization in Islamic Jurisprudence (Al-Takhassuss Fil Iftaa) in 2008 from the same institution.

Mufti M. Zahid focuses on presenting Islamic solutions to problems related to the modern existence, thereby applying his acumen in bringing the modern world abreast with the Shariah. He provides Islamic Finance, Takaful and Risk Management trainings at different forums. He is currently working as Resident Shariah Board Member (RSBM) at Soneri Bank, Islamic Banking division.