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The Committee consists of independent Shariah scholars of international repute, specialised in the field of Islamic banking and finance. The present Committee comprises:
- Justice (Retd) Muhammad Taqi Usmani had a distinguished career in Islamic law and finance and is a prominent member of a number of Islamic institutions. He received his training from Darul Uloom (Karachi, Pakistan), where he serves as Vice President. His other accomplishments and responsibilities include; Permanent Member of Islamic Fiqh Academy – OIC (Jeddah); Member of Islamic Fiqh Academy of Rabita-al-‘Alam-e-Islami, Makkah and European Council of Fatwa and Research, Dublin, Ireland; Chairman, Shariah Council, Accounting & Auditing Organization for Islamic Financial Institutions (Bahrain); Chairman, Center for Islamic Economics, Pakistan; Chairman of various Shariah Committees including, Bahrain Monetary Agency, HSBC Amanah Finance, Abu Dhabi Islamic Bank, Dow Jones Islamic Index, First Islamic Investment Bank; Professor of Religious and Arabic Sciences, Fiqh and Hadith at Darul Uloom (Karachi) for over twenty-five years; Author of several books and papers on Islamic finance and other sciences in Arabic, English and Urdu, including the widely read Introduction to Islamic Finance; Editor of several Islamic magazines, including Albalagh International (Darul Uloom, Karachi).
- Sheikh Nizam Yaquby, Bahrain. Member of the Islamic supervisory boards for several Islamic institutions. Sheikh Nizam Yaquby received a Masters Degree in Finance from McGill University (Canada) and works as an independent Shariah consultant out of Bahrain.
- Dr. Mohammad Ali Elgari, Saudi Arabia. Associate Professor of Islamic Economics and Director of the Centre for Research in Islamic Economics, King Abdulaziz University, Saudi Arabia; Expert, Islamic Jurisprudence Academy (OIC) Jeddah; Editor, Review of Islamic Economics and advisor of several Islamic financial institutions word-wide.
- Dr. Muhammad Imran Ashraf Usmani holds a Ph. D in Islamic Finance. He has also obtained degrees of Alimiyyah and Takhassus (specialization in Islamic Jurisprudence) from Jamia Darul Uloom, Karachi. His area of expertise is Islamic Finance in which he has carried out extensive research. Dr. Usmani is a faculty member/teacher of Jamia Darul Uloom, Karachi and Institute of Business Administration (IBA), Karachi. He is author of various books on Shariah (Islamic law). His book ‘Meezanbank’s Guide to Islamic Banking’ is well-known in the industry. In addition to his academic activities, Dr. Imran is a member of Shariah Committees of the following regulatory and financial institutions: State Bank of Pakistan; HSBC Amanah Finance Dubai; UBS Switzerland; Mashreqbank, Dubai; Guidance Financial Group, USA; iHilal Financial Services, Dubai; DCD Financial Group UK & Future Growth Equity Fund, South Africa
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