BankIslami conforms to Shariah compliance standards as approved by its Shariah Supervisory Board. The profiles of members of its Shariah Supervisory Board are as follows:

Mufti Irshad Ahmad Aijaz (Chairman, Shariah Supervisory Board)

  • Mufti Irshad Ahmad Aijaz is the Chairman of the Shariah Supervisory Board.
  • He graduated from Jamiat-ul-Uloom Islamiyyah, Binnori Town, Karachi and obtained his Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) from there.
  • Afterwords, he completed his Takhassus fi al-Iftaa (Specialization in Islamic Jurisprudence and Fatwa) from Jamia Dar-ul-Uloom, Karachi.
  • He has passed country’s first Islamic Finance course “Contemporary Business and Banking and its critical evaluation in the light of Shariah” offered by the Centre for Islamic Economics, Jamia Dar-ul-Uloom, Karachi, Pakistan, in 1994.

  • He has also completed his MBA program from a leading private university in Karachi, Pakistan.
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  • He currently holds advisory position in following Institutions:
  • Member, AAOIFI Shariah Standard Committee – Karachi
  • Chairman, Shariah Supervisory Board- Summit Bank Limited
  • Shariah Advisor of Allied Rental Modaraba
  • Member, Shariah Board- Standard Chartered Bank (Pakistan) Ltd.
  • Shariah Advisor of Fortune Islamic Financial Services
  • Shariah Advisor of Allied Rental Modaraba
  • Member, Shariah Committee of Barakah Group – Australia

  • Consultant, Shariah Review Bureau – Bahrain
  • Honorary Chairman, Shariah Supervisory Board of Wasil Foundation (Micro finance)
  • He regularly delivers lectures on Islamic Economics and Finance at different forums and educational institutions including National Institute of Banking and Finance (State Bank of Pakistan) and Centre of Islamic Economics (a division of Jamia Dar-ul-Uloom, Karachi).

Mufti Muhammad Husain Khaleel Khail (Member, Shariah Supervisory Board)


  • Mufti Muhammad Husain is a prominent scholar in the field of Islamic jurisprudence. He has been teaching Islamic studies including Fiqh and Fatwa for years. He has undertaken research work in various topics including economic thoughts in Islam, financial markets, modern economic and financial issues and Islamic banking and finance. He is also a member of Shariah Supervisory Board of Halal Foundation, the first Shariah Certification and Research body in Pakistan. His research works include Ushr obligation, Takaful on the basis of Waqf, Shariah rules of wealth earned through impermissible sources and rulings on status of juristic person in Islam. He has authored several articles and issued verdicts (Fatwas) on various issues. He is associated with Jamia-tur-Rasheed, Karachi as a senior Mufti in Darul Iftaa and lecturer in department of Fiqhul Muaamlaat.

Mufti Javed Ahmad (Resident Shariah Board Member)

  • Mufti Javed Ahmad has completed his Shahadat-ul-Alamia (Masters in Arabic and Islamic Studies) from Jamia Dar-ul-Uloom, Karachi, and Takhassus fi Fiqh-el-Muamlat (Specialization in Islamic Jurisprudence of trade and finance) from Jamia-tur-Rasheed, Karachi. He is also a Certified Shariah Advisor and Auditor (CSAA) from AAOIFI, Bahrain and Chartered Islamic Finance Professional (CIFP) from INCEIF, Malaysia. He has completed M.A. Economics from Karachi University. He has undertaken research work in numerous topics including Islamic Banking and Finance. Prior to joining BankIslami, he was associated with Ernst & Young Ford Rhodes Sidat Hyder as ‘Senior Shariah Consultant’ where he was engaged in Shariah Advisory, Shariah Review, Shariah Audit and Compliance activities for more than four years.

  • He regularly delivers lectures on Islamic Economics and Finance at different forums and educational institutions including National Institute of Banking and Finance (State Bank of Pakistan).