Shariah Board Members

Mufti Ehsan Waquar

Mufti Ehsan Waquar

Chairman Shariah Board

Mufti Ehsan Waquar

Chairman Shariah Board

Mufti Ehsan Waquar is serving as Chairman Shariah Board to Pakistan’s largest Bank NBP and Allied Bank Limited. He has professional experience of more than 19 years at senior level management at several institutions.

He has strong communicational skills combined with fluency in several languages. His unique blend of Educational combination gives him an edge upon many others to understand & correlate commercial transactions with Shariah principles.

He graduated as a Mufti achieving Masters in Traditional Islamic Studies & later did Masters in Economics & MBA in Finance.

He is also serving as Shariah Adviser/member Shariah Board at NAFA, AGICO, KSE and KPCCI, Peshawar. He is also managing an Islamic Financial & Management Consultancy, ESAAC. He has also served in other institutions like UBL, EGIBL (currently Al Baraka Bank Pakistan) & Yasaar. Beside this he is a member of Technical Committee for Developing Accounting & Auditing Standard for IFIs at ICAP & a member of Shariah Advisers Forum at State Bank of Pakistan. He is also serving as Vice Chairman of Halaal Foundation (Pvt.) Ltd.

He conducts course at Jamiat-ur-Rasheed, a traditional Islamic Institute, teaching Fiqh-ul-Muamlaat to participants doing Masters & conduct Islamic finance courses including Islamic Banking & Finance, Takaful & Risk Management at IoBM Business Schools.

Furthermore, he is a frequent writer & contributes for different periodical being issued both internationally and locally as well.

Muhammad Iftikhar Baig

Muhammad Iftikhar Baig

Resident Shariah Board Member

Muhammad Iftikhar Baig

Resident Shariah Board Member

Muhammad Iftikhar Baig is serving as Resident Shariah Board Member (RSBM) of Allied Bank Ltd. and qualified Mufti from the Jamia Dar ul Uloom Karachi, which is most reputed and prestigious religious institution. He has qualified three years specialization course in Iftaa and Fiqh after qualifying eight years Alimiyah course. He is also a Law graduate and preparing his P.H. D thesis on the subject “Shariah Compliant Solution regarding foreign Trade”.

His previous experience includes Shariah Advisory services to Prime Commercial Bank and Albaraka Bank Pakistan Limited.

He regularly delivers lectures on Islamic Economics and Finance at different forums and educational institutions including Hailey College of Banking and Finance Punjab University & Jamia Ashrafia Lahore.

Mufti Mahmood Ahmad

Mufti Mahmood Ahmad

Shariah Board Member

Mufti Mahmood Ahmad

Shariah Board Member

Mufti Mahmood Ahmad is the Member of Allied Bank’ Shariah Board and graduated as a scholar in Shahadat-UL-Almiah (Master in Arabic and Islamic studies) from Wifaqu-UL-Almadaris Alarabia. He has done his Masters in Arabic from Punjab University, Lahore. And got his education of specialization (Takhassus-fi-AlFunoon) From Jamia Khair-UL-madaris Multan and (Takhassus-fi-Alifta) in Islamic Fiqh and fatwa from Jamia Darul-Uloom, Karachi. He has seven years’ experience as a Shariah Consultant with Islamic micro-Finance & Ghani Gasses.

He is a Lecturer of (Tafsir, Hadith, Fiqh) in world renowned Islamic university- Al- Jamia Al Ashrafia Lahore & Mufti (Trainer/Consultant) at Al Jamia Al Ashrafia. Fatwas issued by him are published in the book of Ashraf-UL-Fataawa (2 volumes) published by the management of Jamia Ashrafia Lahore. He also serves as a lecturer on different subjects of Shariah in Islamic financial institutions and the Islamic banking sector. He is a visiting faculty member at the College of accountancy and finance, University of Lahore and delivers lectures on subjects of Islamic commercial laws and Takaful.

He is the author of the renewed book “Islam Aor Jadeed Ma’ashi masail” (8 Volumes) published by Idara-e-Islamiat Lahore.

Shariah Compliance Department

Zubair Tariq Khan
Head Shariah Compliance
Islamic Banking Group
Allied Bank Limited
2nd Floor, 3-4 Tipu Block
New Garden Town, Lahore
Tel # 042 3588 0043 Ext: 31419