Oversee the procedures and processes of the bank’s Islamic operations ensuring that they are in line with Shariah guidelines.
Shariah Board
FOR INDIVIDUAL
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Shariah Board
The details of Shariah Board Members are as follow:
Dr. Sheikh Nizam Yaquby (Chairperson of the Shariah Board) currently holds highly respected positions on the Shariah Supervisory Boards for many Islamic institutions in various parts of the world, including the Middle East and Europe. He is also the author of several articles and publications on Islamic finance and other sciences, in English and Arabic. Since 1976, he has taught tafsir, hadith and fiqh in Bahrain. He was educated in the Classical Shariah sciences in his native Bahrain and in Makkah. He holds a PhD in Islamic studies also a Bachelor’s Degree in Economics and Comparative Religion from McGill University, Montreal, Canada.
Mufti Muhammad Abdul Mubeen (Member Shariah Board) has extensive experience in the field of Islamic finance, insurance, and teaching. He is also member Shariah Committee, Standard Chartered Berhad Malaysia and heading the Shariah Department for Group Islamic Banking function of Standard Chartered Bank. He has done his Takhassus fil Ifta from Jamiah Darul-uloom, Karachi and Shahadat ul Alamiyyah from Jamiat ul Uloom-il-Islamiyyah, Allamah Binnori Town, Karachi. He further pursued his modern study and completed his Master in Commercial Law from The University of Melbourne, Australia and LLB (Hons) Shariah & Law from International Islamic University, Islamabad, Pakistan.
Dr. Mufti Irshad Ahmad Aijaz (Member Shariah Board) holds advisory positions at a number of institutions and regularly delivers lectures on Islamic Economics and Finance at different forums and educational institutions, including IBA (Institute of Business Administration), NIBAF (SBP) and CIE (Centre for Islamic Economics – a division of Jamia Darul Uloom, Karachi). He holds Shadat-ul-Aalamia (Masters in Arabic and Islamic Studies) from Jamiatul Uloom Islamiyyah, Binnori Town, Karachi, Takhassus fi al-Iftaa (Specialization in Fatwa) from Jamia Darul Uloom, an MBA (Finance) from Iqra University, Karachi in addition to PhD from University of Karachi
Mufti M. Sarfaraz Nihal(Resident Shariah Board Member) has over eight years of Islamic Banking experience in the area of Shari’ah Compliance, Shari’ah Audit and Product Development with prestigious institutions such as Bank Al Habib Ltd, Faysal Bank Limited (Barkat Isl.Banking), Albaraka Bank Pakistan Ltd.(formerly Emirates Global Islamic Bank). He possesses both contemporary, conventional as well as religious academic qualifications. He has obtained the Takhassus Fil Fiqh il Islami (Specialization in Islamic Jurisprudence and Fatwa) & Shahadat-ul-Aalamia (Dars-e-Nizami) from Jamia Farooqia & Wifaq Ul Madaris respectively. Additionally, he holds an M.Phil and MSc in Economics from University of Karachi. He also holds a Master’s Degree in Arabic & Islamic Studies from University of Karachi along with the PGD in Islamic Banking & Finance from Centre of Islamic Economics (CIE).
Farhan Kazi
Head – Shariah Compliance
Standard Chartered Bank (Pakistan) Limited
PO Box No. 4896
Head Office & Main Branch
I.I. Chundrigar Road
Karachi 74000 – Pakistan
Tel (021) 32450000
UAN (021) 111 002 002
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