Shariah Supervisory Board

Mufti Irshad Ahmad Aijaz is graduated from Jamiat-ul-Uloom Islamiyyah, Binnori Town, Karachi and obtained his Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) from there. Afterwards, he completed his Takhassus fil-Iftaa (Specialization in Islamic Jurisprudence and Fatwa) from Jamia Dar-ul-Uloom, Karachi. He has also completed his MBA program from a leading private university in Karachi, Pakistan.

He currently holds advisory position in following Institutions/ Committees:

• Chairman, Shariah Advisory Committee of State Bank of Pakistan
• Chairman, Shariah Advisory Committee of Securities and Exchange Commission of Pakistan (SECP).
• Member, AAOIFI Shariah Standard Committee – Karachi
• Member, AAOIFI Ethics Committee
• Member, Sub-committee on Legal and Regulatory Framework by Ministry of Finance, Government of Pakistan
• Member, Working Group on Islamic Alternatives for Liquidity Management, by State Bank of Pakistan
• Consultant, Shariah Review Bureau – Bahrain
• Member, ICAP- Committee on Accounting & Auditing Standards for Interest Free Modes of Financing and Investments
• Member of Shariah Board in different Islamic Financial Institutions

He is actively involved in providing consultation for development of policies and regulations for regulatory authorities and different Islamic financial institutions. He also 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 for Islamic Economics (a division of Jamia Dar-ul-Uloom, Karachi).

Mufti Muhammad Hussain is a prominent scholar in the field of Islamic jurisprudence. He graduated from Jamia Dar-ul- Uloom, Karachi and obtained his Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) from there. Afterwards, he completed his Takhassus fil-Iftaa (Specialization in Islamic Jurisprudence and Fatwa) from Jamia -tur-Rasheed, Karachi.

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. 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 is the author of famous book on Islamic Commercial Law, named “Asan Fiqh ul Muamalat”. He has also 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 Syed Hussain Ahmed is a Shariah Scholar carrying good reputation with ample experience of giving Shariah pronouncements (Fatawa). He graduated from Jamia Darul Uloom Karachi and obtained from there his Shahadatul Alamia (Masters in Arabic and Islamic Studies) and Takahssus fil Iftaa (Specialization in Islamic jurisprudence and fatwa). He is also one of the prominent experts on Islamic Astronomy in the country.

Mufti Syed Hussain Ahmad has been serving at Jamia DarulUloom Karachi since 1998 as faculty member and Senior Mufti. Assisting the Fatwa House of Darul Uloom he has authored and issued more than 1,5000 Fatawa on topics including but not limited to prayer, fasting, Zakat, Islamic Banking & Finance, Insurance/Takaful and Halal Food. He is also associated with Indus Hospital as Shariah Consultant on their financial matters most specifically on collection and disbursement of Zakat / donations. He regularly delivers lectures on topics related to Fiqh ul Muaamlaat and Islamic Finance at Center of Islamic Economics (a division of Jamia Dar-ul-Uloom, Karachi), and other organizations.

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. He is also a member of AAOIFI Editorial Committee for Urdu translation of AAOIFI Shariah Standard, which has successfully completed urdu translation of all Standards, and which has been published recently. Prior to joining BankIslami, he was associated with Ernst & Young Ford Rhodes as ‘Senior Shariah Consultant’ where he was engaged in Shariah Advisory, Shariah Review, Shariah Audit and Shariah 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).

Contact Person: Mufti Ameer Ullah Khan
Designation: Manager, Shariah Compliance Department
Contact: +92-21-35839906-7 Ext: 2803
Email: ameer.khan@bankislami.com.pk