Shariah Supervisory Board

SHARIAH SUPERVISORY BOARD

This is the most integral department of any Takaful Company as it is responsible for giving approval for the launch of any new product, scheme or structuring/participating in any transaction in terms of it being in the scope and parameters of Islamic Principles. The Shari'ah Advisors consist of eminent Islamic economic and financial scholars. The Shari'ah Advisors will advise the management company on matters relating to Shari'ah Compliance and recommend general investment guidelines, consistent with the Shari'ah. Any verdict issued by the Shari'ah Advisors in relation to any Shari'ah related matter would be final and acceptable by the Trustee, the management company and other parties related with the matter.

Our Shariah Supervisory Board Comprises of :

PROFESSOR MUFTI MUNIB UR REHMAN (CHAIRMAN)

Professor Rehman is a well-known and renowned person in the field of Islamic Fiqh and Shari'ah all over the world. He has vast experience in teaching of various subjects on Islam and giving Fatwa for forty years. He has also written books on Islamic Ideology and concepts. Currently he holds the following positions at national level.

Principal, Darul- Uloom Naeemia, Karachi.
Ex. Chairman, Central Royat e Hilal Committee, Pakistan.
President, Tanzeem-ul-Madaris (Ahl-e-Sunnat) Pakistan.
Chairman Shariah Supervisory Board of Dawood Family Takaful Limited.
Chairman Shariah Board of MCB Islamic Bank Limited.
Ex. Chairman Shariah Board of Burj Bank Limited.
Ex. Visiting Professor, Jinnah university for Women, Karachi.
Ex. Director of Islamic Studies.
Member Federal Government Urdu University.
Member Board of Intermediate Education, Karachi.

He has also written books on the following :

Tahfeem ul Masail (13 Volumes)
Qanoon e Shariat (for LLB course)
Usool e Fiqah Islam (for LLB course)
Tahfat un Nisa
Islamiat (for B. E, B. Com, B.Sc., B.A.)
Islamiat (for Intermediate)
Tafseer Surah Al-Nisa
Taqabul-e-Adyan
Regular weekly column for religious Q & A's in Daily Express Karachi

MUFTI SYED ZAHID SIRAJ (MEMBER)

Mufti Syed Zahid Siraj is a learned Shariah Scholar. He has a vast teaching experience in the field of Arabic & Islamic subjects. He has been issuing Fatawa (Shariah Pronouncements) since Last 15 years. He has written a few books on different subjects. He is a famous debater & orator on socio-religious topics. He has been delivering lectures on Fridays & Eid Prayers since last 13 years.

Academic qualification :

LLB from University of Karachi, Karachi, Pakistan.
M.A (Economics) University of Sindh, Jamshoro, Pakistan.
M.A (Arabic & Islamic Culture)-Equivalence University of Sindh, Jamshoro, Paksistan.
M.A (Islamic Studies) University of Karachi, Karachi, Pakistan.
B.A from University of Karachi, Karachi, Pakistan.
H.S.C (Pre-Medical) from Board of Secondary Education, Karachi.
S.S.C (Science Group) from Board of Secondary Education, Karachi.
Shahadah Al-Takhassus Fil-Fiqh Wal-Qadha from Darul Uloom Ghousia, Karachi, Pakistan.
Sanad-ul-Faragh wal-Ijazah fil-Hadith from Mufti Muhammad Zafaraullah Shaikh-ul-Hadith
Sanad-e-Imtiaz from Tanzeem-ul-Madaris, Lahore, Pakistan
Shahadah Al-Aliyah from Tanzeem-ul-Madaris, Lahore, Pakistan
Darajah Al-Ejazah Al-Aliyah from A.I.I.S Islamic Centre, Karachi, Pakistan
Shahadah Al-Alimiyah (Equivalence to MA) from Tanzeem-ul-Madaris, Lahore, Pakistan

Professional Experience :

Shariah Advisor of U Microfinance Bank Limited – Islamic Microfinance Division.
Member: Shariah Supervisory Board, Dawood Family Takaful Limited.
Member Shariah Supervisory Board of Dawood Takaful Limited.
Shariah Advisor – IGI Insurance Limited (Window Takaful Operations)
Ex. SVP-Head of Internal Shariah Audit Department of Al-Baraka Bank Pakistan Limited.
Ex-Shariah Executive of Takaful Pakistan Limited.
Ex.Shariah Coordinator : Dawood Islamic Bank Limited.

Academic Experience :

Visiting Professor – Sheikh Zayed Islamic Centre, UoK Islamic Banking & Finance.
Visiting Professor-Jamia Darul Uloom Memon Karachi.
Mufti & Principal: Al-Arqum Riaz-ul-Uloom, Karachi, Pakistan.
Ex-Lecturer: Darul Uloom Al-Kadiriah Al-Markaz-ul-Kadiri, Karachi, Pakistan.
Ex-Lecturer: Jamia Anwar-ul-Quran, Karachi, Pakistan.

Extra Curricular Activities :

Ex-Joint Secretary: Idara-e-Tahqiqat-e-Imam Ahmed Raza (International), Karachi.
Ex-Assistant Editor: Ma’ari-e-Raza (International), Karachi.
Khateeb: Jamia Masjid Al-Mustafa, Karachi, Pakistan.

MUFTI SYED SABIR HUSSAIN (MEMBER)

Mufti Syed Sabir Hussain is a young Shari’ah Scholar and also has expertise in the field of IT. He has 28 years teaching experience in the field of Arabic, Fiqh-e-Islami (Islamic Jurisprudence) Islamic Law of Inheritance and Islamic economics and has been issuing Fatawa (Shari’ah Pronouncements) since Last 20 years. He has been delivering Dars-e-Quran & Haidth and lectures on Fridays & Eid Prayers since last 8 years. He has written a lot of books and articles on different subjects. Questions & Answers Sessions also conducted by him at different venues, Television and Radio channels.

Academic qualification :

M.Phil in Islamic Banking & Finance.
Master of Science in (Information Technology) from Hamdard University, Karachi.
Masters in Islamic Studies from Karachi University.
LLB from University of Karachi,
B.Com from Karachi University, Karachi in 1999.
D.Com (Diploma in Commerce with English Shorthand) with First Division in 1996 from Board of Technical Education, Lahore.
C.Com (Certificate in Commerce with English Shorthand) with First Division in 1995 from Board of Technical Education, Lahore.
Matriculation in 1994 from Board of Secondary Education, Gujranwala.
Shahadat-ul-Aalimia (M.A, Arabic and Islamic Literature) from Tanzeem-ul-Madaris, Lahore.
Dora-e-Hadith – Completed Eight years Aalim (Islamic Scholar) course from Darul-uloom-Amjadia, Karachi in 1999.
Takhas-us-Fil-Fiqh (Specilization of Islamic Jurisprudence) two years completed from Dar-ul-Uloom Amjadia, Karachi in 2000-
Diploma in English Short Hand from Punjab Board of Technical Education.

Internship :

Al-Baraka Islamic Bank, Karachi, Pakistan.
Bank Islam Malaysia, Kuala Lumpur, Malaysia.

Professional Experience :

RSBM/ Head of Shariah Compliance Department of MCB Islamic Bank Limited.
Member of Shariah Supervisory Board, Dawood Family Takaful Limited
Ex. Member of Shariah Advisory Board of SECP
Member of Committee on Accounting & Auditing Standards of ICP
Invitee Participant of Shariah Advisory Committee of State Bank of Pakistan
Member of Review Committee for Urdu translation of AAOIFI Shariah Standards
Ex. VP / Deputy Shariah Advisor& Head of Shariah Compliance & Review: Burj Bank Limited
Ex. Senior Shari’ah Coordinator: Burj Bank Limited
Shariah Advisor, BRR Guardian Modaraba & Dawood Group
Member Zonal (Sindh) Moon Sighting Committee

Academic Experience :

Ex.Khateeb in Jamia Masjid Farooqui, Gulshan-e-Iqbal, Karachi
Ex.Principal, Madrassa Taleem ul Quran Academy, Karachi
Ex.Lecturer in Jamia Anwar ul Quran, Gulshan e Iqbal, Karachi
Ex.Lecturer in International Islamic Mission University, Karachi
Ex-Lecturer & Mufti in Darululoom Amjadia, Karachi
Ex-Visiting Lecturer (Islamic Banking & Finance): Sheikh Zaid Islamic Centre, University of Karachi.