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Shari’ah  BoardShari’ah  Board

Shari’ah Board


Dr. Mufti Khalil Ahmad Aazami – Chairperson

Dr. Mufti Khalil Ahmad Aazami is a renowned Shari’ah Scholar in the Islamic Banking industry.  He joined Bank Alfalah Islamic Banking in 2003 as a Shari’ah Advisor and is now serving as Chairperson Shari’ah Board.

Dr. Aazami graduated from Jamia Darul Uloom, Karachi. He obtained Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) and Al-T’akhassus fi al-Iftaa’ (Specialization in Islamic Jurisprudence and Fatwa) from Jamia Darul Uloom, Karachi and holds a Doctorate degree in ‘Islamic Jurisprudence’ from Karachi University.

Dr. Aazami has more than 20 years of research experience related to Islamic Finance and other Shari’ah related subjects. He is an author of numerous publications. He is also an experienced lecturer and trainer in the field of Islamic Finance, Economics, Fiqh, Islamic Financial Laws and General Islamic Sciences.

He currently serves as Member Shari’ah Board at Faysal Bank Ltd, Member Shari’ah Board of National Bank of Pakistan and Shari’ah Advisor of Alfalah Insurance. In addition, he is also serving as Member Shari’ah Standard Committee of AAOFI.

Dr. Mufti Khalil Aazami has served as Shari’ah Scholar/Facilitator at the following institutions:

  • Shari’ah Advisor-Bank Alfalah Islamic Banking from (2003-2015).
  • Member Shari’ah Board-Takaful Pakistan Limited from (2005-2014).
  • Shari’ah Board Member -Alfalah GHP Islamic from (2007-2014).
  • Faculty Member-Jamia Dar ul Uloom, Karachi since 1999
  • Faculty Member-Centre of Islamic Economics, Karachi, National Institute of Banking and Finance-SBP
  • Faculty Member-Sheikh Zayed Islamic Research Centre-University of Karachi
  • Visiting Faculty member – IBA CEIF

Mufti Mohib ul Haq Siddiqui – Member

Mufti Mohib ul Haq Siddiqui graduated from Jamia Darul Uloom, Karachi.

He obtained Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) and Al-T’akhassus fi al-Iftaa’ (Specialisation in Islamic Jurisprudence and Fatwa) qualifications from Jamia Darul Uloom, Karachi.

He has substantial and diversified experience in the field of Islamic Finance and has served several financial institutions as a member of Shari’ah Boards.

He currently serves as Chairperson Shari’ah Board at Faysal Bank Ltd and Shari’ah Board Member of Bank A Habib Ltd Islamic Banking. He is also a member of the State Bank of Pakistan’s Committee for Shari’ah review, standardization of Islamic products and processes, and formalization of AAOIFI Shari’ah standards for the Pakistan banking industry.
Mr. Siddiqui has served as Shari’ah Scholar/Facilitator at the following institutions:

  • Shari’ah Advisor – Faysal Bank Ltd since 2011
  • Member Shari’ah Board – Takaful Pakistan Ltd since 2006
  • Member Shari’ah Board – JS Islamic Fund since 2003
  • Faculty member – Jamia Darul Uloom, Karachi since 2003
  • Faculty member – Centre for Islamic Economics, Karachi since 2004
  • Visiting Faculty member – NIBAF and PAF-KIET (Karachi Institute of Economics and Technology)

Mufti Aqeel Akhtar – Member

Mufti Aqeel Akhtar is serving Bank Alfalah Ltd- Islamic Banking as Shari’ah Board Member since 2021. He has been Unit Head Business Support & Training, Shari’ah Compliance department in the bank for more than 6 years. Prior to his time at Bank Alfalah, he served as Shari’ah Advisor at Ramna Foods (Pvt) Ltd, Lahore. He holds an M/s degree in Islamic Banking and Finance from University of Management & Technology, Lahore (UMT). He obtained Shahadat-ul-Aalamiyya (Dars e Nizami) from Jamia Darul Uloom Islamia, Lahore and Takhassus-fil-lftaa’ (Specialisation in Islamic Jurisprudence) qualifications from Jamia Darul Uloom, Karachi. Further, he holds certificate of ’Capacity Building for Shari’ah Scholar by NIBAF. He is also a visiting faculty of NIBAF and BSC of State Bank of Pakistan.

Mufti Usama Ehsan – Member

Mufti Usama Ehsan is serving Bank Alfalah Ltd- Islamic Banking as a Shari’ah Board Member since 2021. He was a part of the Shari’ah Compliance Department in the Bank Alfalah for four years. Prior to joining the Shari’ah Board he worked in the Product Department at UBL Ameen Islamic Banking.

He holds an MBA from Karachi School of Business & Leadership (KSBL). He obtained Shahadat-ul-Aalamiyya (Dars e Nizami) and Takhassus-fil-lftaa’ (Specialisation in Islamic Jurisprudence and Fatwa) qualifications from Jamia Darul Uloom, Karachi. He teaches Fiqh (Islamic Law) at Jamia Muhammadiyyah Islamabad and is a visiting faculty of NUCES-FAST for the subjects related with Islamic Studies and Islamic Finance.

Mufti Ovais Ahmed Qazi – Resident Shari’ah Board Member

Mufti Ovais Ahmed Qazi is serving Bank Alfalah Ltd- Islamic Banking as Resident Shari’ah Board Member since 2015. He was an assistant Shari’ah Advisor in the bank for more than two years. Prior to his time at Bank Alfalah, he worked in Shari’ah Compliance Department at Burque Corporation (Pvt) Ltd, Karachi.

He holds a Master’s degree in Business Administration (Banking and Finance) from Institute of Business Management, Karachi (IoBM). He obtained Shahadat-ul-Aalamiyya (Dars e Nizami) and Takhassus-fil-lftaa’ (Specialisation in Islamic Jurisprudence and Fatwa) qualifications from Jamia Darul Uloom, Karachi. Further, he holds ’Certified Shari’ah Advisor & Auditor (CSAA)’ by AAOIFI and ’Certified Islamic Finance Executive (CIFE)’ by ETHICA Institute of Islamic Finance (UAE).

He is also a member of Sub-Committee for Review of AAOIFI Shari’ah Standards, established by State Bank of Pakistan- Islamic Banking Department.

He is a visiting faculty of Center for Islamic Economics, Hira Foundation Academy, Sheikh Zayed Islamic Center (University of Karachi) and IBA-CEIF for the subjects related with Islamic Finance and Economics.

Contact Details of Shari’ah Compliance Department:

Moiez Ahmed Usmani – Head Shari’ah Compliance Department
Bank AlFalah Ltd Islamic Banking
Office #: +9221-38203653
Email: moiez.ahmed@bankalfalah.com
Office address: Mezzanine Floor, State Life Building 1, I.I. Chundrigarh Road Karachi, Pakistan.