Shariah Board

About

In compliance with the State Bank of Pakistan’s regulation, Shariah Board (SB) for Soneri Mustaqeem Islamic Banking has been formed and effective since 27th October 2015.

The Shariah Board is comprised of three qualified Shariah Scholars namely Mufti Ehsan Waquar Ahmad (Chairman Shariah Board), Mufti Bilal Ahmed Qazi (Shariah Board Member) & Mufti Muhammad Zahid (Resident Shariah Board Member).

Mufti Ehsan Waquar Ahmad (Chairman Shariah Board)

In addition, to the Chairman of Shariah board position at Soneri Islamic Banking Mufti Ehsan Waquar Ahmad is chairing Shariah boards of National Bank and Allied Bank. He graduated as a Mufti, achieving Masters in Traditional Islamic Studies and specializing in Islamic Jurisprudence from Pakistan’s renowned Islamic School, Jamiat-ur-Rasheed. Later he accomplished Masters in Economics from Karachi University and Masters in Business Administration with majors in Finance from IoBM. He has served Islamic Financial Industry with institutions like ESSAC, Emirates Global Islamic Bank now Al-baraka Bank Pakistan, UBL-Ameen and Yasaar Ltd.

Bilal Ahmed Qazi (Shariah Board Member)

 

Bilal Ahmed Qazi has done his Al-Aalamiyyah (a degree recognized by the Higher Education Commission Pakistan as a Masters in Arabic and Islamic Studies) in 2003 from Jamia-tul-Uloom Ul-Islamiyah Banori Town. Then he completed his specialization in Islamic Jurisprudence from Jamia Darululoom Karachi. He has also completed his MBA from IBA (Institute of Business Administration) Karachi, Pakistan. Prior joining SBL Islamic Banking he used to work for Meezan Bank Ltd as Shariah Scholar since 2006. He has been the Shariah Advisor of NAFA Islamic Mutual Funds and the Shariah Board Member of Summit Islamic Bank.

Mufti Muhammad Zahid (Resident Shariah Board Member)

Mufti Muhammad Zahid completed his dissertation in Islamic Jurisprudence with outstanding record throughout his academic career, winning numerous awards. Well-versed in the sciences of Islamic Jurisprudence. He has done his Al–Aalamiyyah (a degree recognized by the Higher Education Commission Pakistan as a Masters in Arabic and Islamic Studies) in 2005 from Jamia Darul Uloom Karachi. Then he completed his specialization in Islamic Jurisprudence (Al-Takhassuss Fil Iftaa) in 2008 from the same institution i.e. Jamia Darululoom Karachi. Prior joining SBL Islamic Banking he used to work for Pak-Qatar Family Takaful Ltd as a Head of Shariah Compliance since 2008. He has been the Shariah Board Member of Pak-Qatar Family Takaful Ltd.

Mufti M. Zahid focuses on presenting Islamic solutions to problems related to the modern existence, thereby applying his acumen in bringing the modern world abreast with the Shariah. He provides Islamic Finance, Takaful and Risk Management trainings at different forums. At the same time, he is responsible as Resident Shariah Board Member (RSBM) at Soneri Bank, Islamic Banking for all Shariah related activities which have a legal bearing with respect to the Shariah.

Contact Details of SCD Personals:
Mr. Raheel Bhagar – Head Shariah Compliance
Contact No. +92-21-36312253
Email: raheel.bhagar@soneribank.com

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