The Board of Directors of BankIslami comprises of eminent representatives. These include Mr. Ali Hussain, Mr. Ali Raza Siddiqui, Mr. Ali Al Shamali, Mr. Fawad Anwar, Mr. Kamal Afsar, Mr. Hasan A. Bilgrami and Mr. Siraj Ahmed Dadabhoy.
Please click on the following for details of the members of our Board of Directors:
He is the founder and Managing Director of Saj Capital Management Limited, BVI, a family office based in Singapore having strategic investments in financial sector in Pakistan, Europe & USA. Mr. Hussain has previously worked at Conics Technology Private Limited, Singapore, Conrac Technology Inc, USA, Hewlett Packard, USA and Fairchild Semiconductors, USA.
He has overall 38 years of profession experience and specialize in incubating, acquiring and managing technology companies and converting them in growth champions in Singapore, USA, Germany, UK and Canada.
Mr. Hussain has done his M.S in Electrical Engineering from Stanford University, USA and B.S in Electronics Engineering and also in Electrical Engineering from California State University, USA.
Mr. Ali Raza Siddiqui joined JS-Investments as an Executive Director in 2005. Previously, he was Assistant Vice President at AIM Investments, a wholly-owned subsidiary of AMVESCAP Plc in Houston, U.S.A. At AIM, Mr. Siddiqui was part of a Five-person team responsible for the management of US$ 60 billion in mutual fund assets.
Mr. Siddiqui holds a Bachelors Degree from Cornell University, USA, with double majors in Economics and Government.
Mr. Ali Al Shamali is the Acting Chief Operations Officer Head of Credit and Risk at Amlak Finance PJSC, U.A.E. He serves as an Independent Director on BankIslami’s Board. Mr. Al Shamali has over 17+ years of experience in Credit and risk management.
Before his current position, he worked as Head of Credit and Risk at Amlak Finance and also in the Credit department of the Emirates Bank International.
Mr. Al Shamali holds a MBA degree from University of Wollongong Dubai and Bachelors in Science degree from Seattle University, U.S.A. In addition to this, he has attended various courses and seminars.
Mr. Fawad Anwar is the Managing Director of AlKaram Textile Mills (Private) Limited, which is part of one of the most renowned Business groups in Pakistan, the AlKaram Group. Mr. Anwar serves as an Independent Director on BankIslami’s Board.
He has over 20 years of professional experience. Mr. Anwar has done his MBA from Drexel University, USA and BBA from Temple University, USA.
Mr. Kamal Afsar is a retired bureaucrat with over 20 years of experience which encompasses working for the corporate sector and trade diplomacy. He is currently director on Boards of Pakistan Stock Exchange, Central Depository Company and EFU Life Assurance Ltd.
He has previously worked on various high level positions such as:
Chairman, State Life Insurance Corporation,
Federal Commerce Secretary,
Chairman and CEO, Pakistan Reinsurance Company Limited,
Chairman and CEO, Pakistan Automobile Corporation Limited,
Managing Director, Karachi Electric Supply Corporation Limited,
CEO, National Tanker Company,
Consul General of Pakistan in Hong Kong.
He also has held directorships in Boards of PIDC, SAPICO, PIA, PNSC, FFC and Packages Limited.
Mr. Afsar has post-graduate degree in Economics and International Relations.
Mr. Hasan A. Bilgrami is the Founding Chief Executive Officer and Director of BankIslami. His association with BankIslami started as a consultant to the sponsoring shareholders right at the inception of the project where he was responsible for developing the business plan, arranging permissions, staffing and capital raising. Previously he worked as the Head of Asset Management with the National Investment Trust (NIT), as Country Manager Consumer Banking & Corporate Business with Gulf Commercial Bank, as General Manager Corporate Finance with ORIX Investment Bank and as Director and Head of Corporate Finance with Khalid Majid Husain Rahman, then a member firm of Deloitte & Touche. Mr. Bilgrami has overall 30 years of professional experience.
Mr. Bilgrami has hands on experience in structuring Islamic modes of financing while he worked as a Secretary of the Financial Instruments Committee of the Islamic Finance Commission. His specific task was development of model financial instruments that could be used by the financial services industry in Pakistan. The scope of work not only included both asset and liability side products, but also included areas such as risk management and capital adequacy. Model agreements were also part of the mandate. His work of model agreements has been approved by the Shariah Board of the State Bank of Pakistan and has become the industry standard.
He is a Director on the Board of KSB Pumps Limited as well as Chairman of its Audit Committee. Mr. Bilgrami was also the President of the National Council of the Institute of Cost and Management Accountants for the term 2009-11, Director of Pakistan Institute of Corporate Governance and a member of the Institute of Capital Markets, Pakistan.
He has also been a Director on Boards of PICIC, Soneri Bank Limited, Crescent Commercial Bank Limited, Fauji Fertilizer Company Limited, National Refinery Limited and BankIslami's subsidiary, BankIslami Modaraba Investment Limited.
Mr. Bilgrami graduated in Commerce from Karachi University and is a Fellow member of the Institute of Cost & Management Accountants of Pakistan since 2003. He became a Fellow of the Canadian Securities Institute in 2001.