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 General 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 Muhammad Shakir Siddiqui (Shari’ah Advisor & Member)

Mufti Muhammad Shakir Siddiqui completed his research work in Islamic Jurisprudence with an outstanding record throughout his academic career. He completed his M. A. in Arabic from University of Karachi in 2011 and is presently enrolled in M. Phil program leading to Ph.D at the same University.

He has been associated with Pak-Qatar General Takaful Limited since 2009 and supervises Shariah Trainings, Shariah Compliance & Audits. Mufti Shakir developed & implemented Shariah Compliance, Audit Manuals and Guidelines (Advertising, Co-Takaful, Screening Criteria for Investment, Shares, Stock Trading, Surplus Distribution, Re-Takaful, Charity Fund, Banka Takaful etc.) for the company; reviewed several business contracts and agreements with respect to Shariah and delivered Shariah trainings and lectures to participants at various platforms all over Pakistan. He also conducted workshops on Takaful and Islamic Banking at Corporate level including Multinationals. His specialization include: Islamic Finance, Islamic Jurisprudence, Takaful, Islamic Risk Management, Islamic Tarbiya, Sharia Audit & Compliance, Waqf Management and Islami Tariqa-e-Tijarat. He focuses on presenting Islamic solutions to problems related to the modern world.

He is a visiting faculty member of different universities/educational institutes in Karachi including IBA-CEIF. Mufti Shakir completed Takahassus Fil Ifta (equivalent to Ph.D) and has the authority to write Fatawa at Darul Ifta Darul Uloom, Karachi.

Mufti Shakir is also a member and Shariah Consultant of Standing Committee on ‘Islamic Banking & Takaful’ at FPCCI (The Federation of Pakistan Chamber of Commerce and Industry).

Mufti Ismatullah (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.