Shariah Advisory Board

Shariah Advisory Board | AlHuda Centre of Islamic Banking & Economics (CIBE)
AlHuda CIBE conforms to Shariah compliance standards as approved by its Shariah supervisory board. The profile of members of its Shariah Advisory Committee as follows:
Abdul Samad
Member – Shariah Advisory Committee
Abdul Samad is a proficient Islamic Banker and has expertise in Islamic Finance Theory & Practices. He has graduated in Economics from International Islamic University, Islamabad and passed Derse-e-Niazmi from Tafheem-ul-Quran Mardan, NWFP. Afterwards, he completed Alimiyyah Degree from Rabita-ul-Madaris. He has also completed his LL.B (Hons.) Shariah & Law, with equivalency certificate of UGC to postgraduate Degree from International Islamic University Islamabad and completed his MBA (Finance) from Abaseen University, Peshawar. His contributions to Islamic finance industry are pervasive, as he has written various articles on Islamic Finance. He currently holds advisory position at Shariah advisor of Bank of Khyber and member of Shariah advisory board of AlHuda CIBE. He has attended various trainings and workshops conducted by NIBAF,IIU Islamabad, Bank of Khyber, Ford Rhodes Sidat Hyder& Co and IBP. He delivers lectures on Islamic Finance at different forums and educational institutions.
 
Mufti Aziz-ur-Rehman
Member – Shariah Advisory Committee
Mufti Aziz-ur-Rehman has extensive experience in Shariah, Islamic Banking and Finance Transactions with Sound understanding of Fiqhul Mua’amalat (Islamic Commercial Transaction) and Shariah structuring, Fatwa pronouncement, Shariah advisory services, and in-depth review of transaction documents for a wide range of Shariah compliant products. Mufti Aziz is a Member of numerous Shariah Boards and also a member of Shariah Advisory board of AlHuda CIBE. He is currently working as Member of F & SSB for First Capital Switzerland Bank Trust, DIFC Dubai, UMEX Group UK, Kijani Fund, LMG Fund as well as Shariah Advisor for Mawarid Consultancy, FCS, Crowe Horwath UAE, Islamic GDP UK, Shariah House Bahrain, Inclusive Resources Management (IRM) Islamabad and UMEX Life (Takaful) Mauritius. His sound knowledge and services in Islamic Finance is prevalent globally. He has written numerous books and research papers, as well as; delivering training, conducting market research on the prospects of Islamic finance worldwide, with particular focus in UAE. With a keen aptitude for innovation and learning, he sets the supreme standards of Shariah expertise to any Islamic financial institution.
 
Mufti Raees Ahmad
Member – Shariah Advisory Committee
Mufti Raees Ahmed has sound knowledge of Islamic finance. He passed Dora Qaza-wa-Tahkeem from Jamia tul Rasheed, Karachi. He has honor of various certifications in the field of Islamic finance which includes; Takhsus – Fil – Fiqah (Specialization in Islamic Jurisprudence - equivalent to PHD), Shahadatul Aalamia (Equivalent to M.A Arabic & Islamic Studies) and Wifaq-ul-Madaris Arabia Pakistan. Currently, he is the member of Shariah Advisory board of AlHuda CIBE. He has profound skills in Islamic Finance Trainings as he has conducted numerous training workshops in various Islamic financial institutions of Pakistan.
 
Justice (R) Khalil-ur-Rehman Khan
Member – Shariah Advisory Committee
Justice (R) Khalil-ur-Rehman Khan has served as Chairman on the Shariah Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. He also has extensive reading of Fiqh ul Mamlat & Shariah Principles. In addition, he is the former Chief Justice of the Lahore High Court and has also been the Chairman of the Religious Board for Mudarabas. Justice (R) Khalil-ur-Rehman Khan has also served on the Shariah Board of State Bank of Pakistan and Securities and Exchange Commission of Pakistan. He has been Chairman, Shariah Board, Munich-Re, Re-Takaful Company, Malaysia.
 
Dr. Mufti Muhammad Zubair Usmani
Member – Shariah Advisory Committee
Dr. Muhammad Zubair Usmani is a qualified and one of the most experienced Shariah Scholars in the Islamic Banking Industry. He did his Shariah graduation (Fazil Dars-e-Nizami) & Takhassus Fil Fiqh (Mufti i.e. Specialization in Islamic Fiqh & Fatawa) from Jamia Dar ul Uloom, Karachi. Mufti Muhammad Zubair Usmani completed his Doctorate in Islamic Finance form Karachi University. He has done Masters in International Relations and Doctorate (PhD) in Islamic Finance from University of Karachi. Dr. Zubair Usmani is author of several books and research articles. He has delivered research based lectures / presentations at different national and international seminars, forums, conferences and seminars. Dr. Usmani served as Shariah Advisor to various well known banks, Takaful companies and also served as a member of Shariah Board of State Bank of Pakistan.
 
Sheikh (Dr) Zulker Nain Moolla CA (SA)
Member – Shariah Advisory Committee
He is internationally renowned Shariah Scholar and Chartered Accountant with versatility in Islamic Finance. Currently, he is the Chief Executive Officer of Moolla Capital. Previously, he was the director in Nelson Mandela Cabinet. He is the Shariah Advisor of Sentio Capital Management and member of Shariah Advisory committee of AlHuda CIBE. His technical and professional services are recognized around the globe, principally in Islamic finance system development, product development, Shariah compliance and transparency in the overall operations in Islamic Finance.
 
Mohammed Hafidh Khalfan
Member – Shariah Advisory Committee
Mohammed Hafidh Khalfan is a Tanzanian, trilingual in Kiswahili, Arabic and English. He is a Senior Research Fellow at the Dar es Salaam based Economic and Social Research Foundation (ESRF). Upon completing his PhD in International Economics from Putra University Malaysia in 2002, he returned to the Zanzibar Investment Promotion Authority (ZIPA). He has been Faculty Dean of Arts and Social Sciences, and was finally promoted to a Deputy Vice Chancellor (Academic Affairs) and Chief Academic Officer. In professional areas, in 2006-2009/10, he had worked as a Principal Economist of the Bank of Tanzania and later on became the first Executive Director of the Zanzibar Chamber of Commerce, (ZNCCIA). He had a meticulous training in both regular Economic subjects plus in Islamic Economics and Finance. During his tenure as CEO of the Chamber of Commerce he was a Co-chair of the team that prepared the Zanzibar National Export Strategy (NES) under the Commonwealth Secretariat.
 
Yassir Salim
Member – Shariah Advisory Committee
Mr. Yassir Salim graduated in business studies from Oxford Brooks University UK. He has well versed experience in Islamic banking and finance industry. He served as Head Islamic Banking for National Bank of Commerce Ltd., Tanzania. He also served as Shariah Advisor to Shirkah Investors Network, Yetu Microfinance Bank Plc, Tanzania, as Islamic finance expert for USAID Engine Program, Secretary General for Center for Islamic Finance, Compliance and Advice (CIFCA). He also offered his services for Islamic Development Bank (IsDB) Education Trust Fund as Executive Director. He has been Secretary General of Tanzania Muslim Professionals Association. He has attended various Islamic banking and finance conferences, seminars, courses and trainings.
 

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