The Board of Directors of BankIslami comprises of eminent individuals. These include Mr. Ali Hussain, Mr. Ali AlShamali, Dr. Amjad Waheed, Mr. Fawad Anwar, Mr. Hasan A. Bilgrami, Mr. Muhammad Nadeem Farooq, Mr. Noman Yakoob and Mr. Siraj 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. Waheed is the Chief Executive Officer of NBP Fullerton Asset Management Limited (NAFA), which is a subsidiary of National Bank of Pakistan with Fullerton Fund Management Company of Singapore as a joint venture partner.
Before joining NAFA, he had been the Head of Equity Mutual Funds & Portfolios at Riyadh Bank, Saudi Arabia, Head of Asset Management at NIT, and Chief Operating Officer of FC-ABN AMRO Equities.
He holds a Doctorate in Business Administration with a major in Investments and Finance from Southern Illinois University, USA and is also a Chartered Financial Analyst (CFA).
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. 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.