Board of Directors

BankIslami’s Board of Directors comprises of leading professionals from the industry. These include Mr. Ali Hussain, Dr. Amjad Waheed, Mr. Haider Ali Hilaly, Dr. Lalarukh Ejaz, Mr. Tasnim-ul-Haq Farooqui, Mr. Sulaiman Sadruddin Mehdi, Mr. Syed Ali Hasham.

Mr. Ali Hussain (Chairman)

Mr. Ali Hussain has over forty five years of professional and managerial experience in both corporate and private entities. For the past thirty years he has been managing his own global organizations and international financial investments in the field of technology, medical electronics and strategic investments with operations in USA, Canada, Singapore, UK and Germany. His portfolio of past acquisitions has created significant value through growth and M&A.

Currently, Mr. Hussain manages a portfolio of banking, ecommerce, Fintech and digital technology investments along with family office. In Singapore he manages a technology incubator to promote entrepreneurship and invests in early stage companies. He has also founded Sajjad Foundation, a private charitable foundation primarily devoted to education and health care projects in Singapore, Pakistan and other countries.

Mr. Hussain holds a Master’s degree in Electrical engineering from Stanford University.

He was appointed as director of the BankIslami on April 29-2011 and continues to hold directorship in the Bank.

Mr. Syed Amir Ali (President & Chief Executive Officer)

He excelled in the ambit of Finance, Treasury, Investment & Corporate Banking throughout his association with domestic and international organizations i.e. A.F Ferguson & Co, Shell and Meezan Bank Limited. He spearheaded corporate and investment group of Meezan Bank before moving to BankIslami in 2018.

His diverse credentials as a Chartered Accountant (Gold Medalist) from Institute of Chartered Accountants of Pakistan and in England & Wales, CFA Charterholder, MBA (Gold Medalist) and LLB are testament to his progression in the Financial Industry.

Dr. Amjad Waheed (Independent Director)

He is the Chief Executive Officer of NBP Fund Management Limited (NBP Funds), formerly: NBP Fullerton Asset Management Limited) (NAFA).

Before joining the Company, 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 IIlnois University, USA and is also a Chartered Financial Analyst (CFA).

Dr. Lalarukh Ejaz (Independent Director)

An academic by profession and an economist by training, Dr. Ejaz is an Assistant Professor at the Institute of Business Administration, Karachi, since 2003. She has taught and engaged with learners enrolled in different degree programs such as EMBA, MBA, MS and BBA. She is also actively involved in research projects and independent researches in the field of her study. Dr. Ejaz has mentored and advised hundreds of students in the process of her teaching and they have gone on to fill jobs at leading firms in Pakistan and around the world.

Dr Ejaz is a certified teaching fellow from the prestigious Babson College’s Teaching Fellows Program, Massachusetts, USA. As a part of the first teaching fellows team, comprising of three people, she was instrumental in designing, developing, and launching the BBA in Entrepreneurship Program, the first ever in Pakistan, at the Center for Entrepreneurial Development (CED) at the IBA. She has also designed and conducted multiple internal and external trainings and workshops for a variety of audience.

Dr. Ejaz holds a doctorate degree from the Business School at the University of Southampton, UK and a Master’s in Economics from York University, Canada. She also has a Master’s and a Bachelor’s (Hons) in Economics from Karachi University, Pakistan.

Mr. Haider Ali Hilaly (Independent Director)

Haider Ali has been a principal investor in equities for 20 years. He currently serves as the Managing Director of Ithaca Capital (Private) Limited, a privately held investment holding company with a 20 year track record of deploying growth capital in various businesses across multiple sectors in Pakistan including transportation, leasing, power generation, outsourcing, armed security, cinemas, vehicle rental, technology, publishing and FMCG.

Prior to joining Ithaca, he has worked in early stage private equity and merchant banking. For the past 12 years he worked at a special situations hedge fund. His core expertise includes investment selection, portfolio construction, capital allocation and management, risk management, valuation, financial control, corporate governance and investor relations.

Haider graduated cum laude and Pi Sigma Alpha from Hamilton College in the United States and he holds an MBA degree from the London Business School. He also has a certification from the Pakistan Institute of Corporate Governance’s Director’s Training Program.

Mr. Sulaiman Sadruddin Mehdi (Independent Director)

Mr.Sulaiman is the CEO of the TPL Development (Pvt) Limited. He has also served as CEO Cyan Ltd., formerly Central Insurance Company Limited (CICL). In 2011, Sulaiman orchestrated the business restructuring of CICL (insurance) to Cyan (investments), a landmark transaction, and the first of its kind in Pakistan.

Before Cyan, he has served PICIC DFI, PICIC Asset Management Company Ltd., Allied Bank (ABL) and ABL Asset Management Company Limited. He has had the privilege of establishing two leading AMCs of this country.

As a senior executive he has been working on strategy, organization, mergers and acquisitions. He is a proven business leader with a track record of delivering sustainable change and superior results in Pakistan. Sulaiman’s experience spans over 19 years in multiple areas of financial services including investments, operations, marketing, legal and corporate affairs.

Amongst his prominent achievements have been the acquisition of HUBCO from National Power in June 2012. The acquisition value was PKR 6bn and was sold in March 2018 for PKR 22bn resulting in gains of opp. PKR 23bn (incl dividends) in less than 6 years. He also had the privilege of leading the election process of HUBCO for DH Group twice in 2012 and 2015 and managed 8 out of 11 seats with just 17.5% shareholding while managing the rest through proxies.

He is the youngest Chairman of the Pakistan Stock Exchange Limited. He is also Chairman Pebbles Ltd. – the real estate arm of Dawood Hercules (DH) Group and is spearheading all real estate initiatives of the Group. He serves on the Board of Governors of The Institute of Business Management (IOBM). He is the Founding member of the Presidential Initiative for Artificial Intelligence and Computing (PIAIC) and a Member of the Committee on Emerging Technologies of MOlT. He represents Sindh as an Independent Member on Private Power and Infrastructure Board (PPIB).

He has also served on the Board of Dawood Lawrencepur Limited, FOCUS Pakistan (an Aga Khan Foundation backed NGO), Inbox Business Technologies (Pvt.) Ltd., Inbox Consulting (Pvt.) Ltd., Inbox Corporation (Pvt.) Ltd. and Sach International (Pvt.) Ltd.

He holds a master’s degree and is also a fellow member of The Institute of Corporate Secretaries of Pakistan (FCIS). He is also a Certified Director from the Pakistan Institute of Corporate Governance (PICG).

Mr. Syed Ali Hasham

Hasham is an associate member of the Institute of Chartered Accountants of Pakistan (lCAP) and holds a Bachelor’s degree in Commerce from the University of Karachi.

He has more than six years of experience in the fields of finance, taxation, auditing, internal control evaluation, and corporate affairs. He is currently the Company Secretary of Jahangir Siddiqui & Co. Ltd. Previously he was associated with Deloitte Yousuf Adil, a member firm of Deloitte and had experience working in Pakistan and Qatar. During his association with the firm, he was involved in various statutory audits and special assignments relating to DFI & commercial banks, Non-Banking Finance Companies, mutual funds, retail, and aviation sectors..

Current Directorships: JS Infocom Limited JS Fuel (Private) Limited JS Engineering Investments 1 (Private) Limited Mahvash and Jahangir Siddiqui Foundation.

Mr. Tasnim-ul-Haq Farooqui

Mr. Tasnimul Haq Farooqui is LLM with Diploma in Banking. He is Fellow Member of the Institute of Corporate Secretaries of Pakistan and a  Certified Director from Pakistan Institute of Corporate Governance.  He has Served in one leading Financial Institution and two Commercial Banks for around 44 years. He retired as Company Secretary & Head of Legal of a leading Islamic Bank.

Mr. Farooqui has unique and versatile experience of serving with almost all types of investment and financial sector companies at senior level,  these include;

Mutual Fund:  

He was founder Director and Founder Company Secretary of Islamic Closed-End Mutual Fund and Open-End Mutual Fund.

Commercial  Bank:   

He was Nominee Director of a Conventional Commercial Bank.

Islamic Bank: 

He was founder Company Secretary of an Islamic Investment Bank which was later converted into Pakistan’s first Islamic Commercial Bank.

Financial Institutions: 

He was founder Company Secretary of two different financial institutions which were joint venture of Government of Pakistan with brother Muslim Countries.

Investment Advisory Service:

He was Founder Director &  Chairman of Kifayah Investment Management Limited a Public Limited Company. A Company licensed by Securities and Exchange Commission of Pakistan to carry out Investment Advisory Services.

Islamic Insurance: 

He was Founder Director and Founder Company Secretary of a General Takaful Company and also a Family Takaful Company.


He was Nominee Director on the Board of Directors of a Modaraba and a Modaraba Management company.

Venture Capital: 

He has worked as a Nominee Director on the Board of a Venture Capital Fund.

Micro Finance: 

He conceived the idea of and managed a Micro Finance Portfolio of a Financial Institution for around two years.


He was an active Nominee Director on the Boards and Committees of the Boards of various private, public and listed companies including General Tyre & Rubber Ltd.

*appointed by the Board effective from August 25, 2021 for remaining term.