Shariah Board broadly keep eyes on the activities and transactions of Islamic Banking through their organs. Their roles are not limited to the matters presented before them for Shariah rulings, but they also share knowledge with the associates through training and development activities, and join sessions with the business community and academia. Thus, the Shariah Board provide assurance and confidence to the masses/accountholders that every rupee deposited or financed is compliant with the Shariah guidelines. Therefore, Allied Aitebar customers rest assured that the purity of their earnings is ensured under the supervision of the Shariah Board of the Bank.
The formation of the Shariah Board at Allied Bank comprises a Chairperson, a Member of the Shariah Board and a Resident Shariah Board Member (RSBM). The RSBM is a full-time dedicated member of the Board available to clarify daily matters and provide assistance on the ongoing issues of the Bank. The Board is assisted by the Shariah Compliance Department, which primarily discharges its duties in line with the Shariah Board guidelines, applicable AAOIFI Shariah Standards, Shariah Governance Framework of SBP, Industry best practices and the Bank’s internal policies and procedures. Additionally, the Shariah audit function also strengthens the Shariah compliance environment of the Bank by performing periodical audits of different organs of the Bank.
Jahanzaib Aslam Manager Web & SEO
Published 2026-10-13Last reviewed 13 October 2026Reading time 10 minutesReviewed by Product Team
Allied Islamic Banking
How Allied’s Shariah Board Works
Shariah Audit | Allied Aitebar | Islamic Banking
What Is a Shariah Board
A Shariah Board (SB) is a Group of Shariah Scholars (Muftian) appointed by the BoD as per fit and proper criteria issued by SBP. Their job is to ensure that every product and service is in conformity with the principles of Shariah.
In Pakistan, the State Bank of Pakistan requires every dedicated Islamic bank and Islamic Banking Window operation to have their Shariah Board. Allied Aitebar operates under this same regulatory requirement.
The Board gain their authority from the SBP’s Shariah Governance Framework. This framework sets out how Islamic Banking Institutions keep their oversight on the operation of Islamic Banking. It also defines how the Board’s decisions (Fatwa) must be implemented.
Allied Aitebar's Shariah Board Members
Allied Aitebar, an Islamic Banking arm of Allied Bank, holds a dynamic Shariah Board. The Board is headed by the Chairperson, Mufti Tayyab Amin, whereas Dr Mufti Mahmood Ahmad serves as a Member of the Shariah Board, and Mufti Muhammad Awais Masood serves as the Resident Shariah Board Member.
Name
Role
Mufti Tayyab Amin
Chairperson, Shariah Board
Dr. Mufti Mahmood Ahmad
Member, Shariah Board
Mufti Muhammad Awais Masood
Resident Shariah Board Member
The Resident Shariah Board Member works closely with the Shariah Compliance Department in order to discharge day-to-day matters. Together, these three positions form the core of Allied Aitebar’s Islamic Banking.
The Shariah Compliance Department
The following are key personnel of the Shariah Compliance Department:
Name
Role
Mr. Zubair Tariq Khan
Head Shariah Compliance
Mr. Nayyar Mahmood
Manager Shariah Compliance
Day-to-day compliance matters are dealt with by the Shariah Compliance Department. This department, in addition to other assignments, also turns the Board’s decisions into daily banking practice.
As part of ABL’s Compliance Group, the Head of Shariah Compliance, Mr Zubair Tariq Khan, leads this department and reports through clear channels to the Chief Compliance Group and the Shariah Board.
Mr Nayyar Mahmood, as Manager Shariah Compliance and other team members of Shariah Compliance support SCD functions. Both are based at Allied Bank’s Head Office in New Garden Town, Lahore.
Customers or branches with Shariah queries can reach this department directly.
The Role of Shariah Audit in Islamic Banking
Shariah Audit works independently and directly reports to the Chief Audit & Risk Review Group (A&RRG). The reports of Shariah audit are presented to the Shariah Board for their review and determining appropriate corrective actions.
The Board reviews whether the Bank’s products & Services, systems and transactions adhere to Shariah principles. This audit also checks compliance with State Bank of Pakistan rules. It follows Shariah Standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Shariah Audit uses a risk-based approach to review the bank’s operations. It examines product development, financing activities, investment operations and treasury functions. It also checks charity arrangements, sometimes called purification, and technology systems.
This process confirms that the Board’s Fatwas are properly compliant.
Why This Oversight Matters for Customers
This layered system gives Allied Aitebar customers real assurance. Every deposit, financing and treasury & investment product passes through the Shariah Board for their review and approval. The Shariah Compliance Department then ensure these rulings are applied across daily operations while Shariah Audit checks independently that the rules are actually being followed.
This assurance applies across every Allied Aitebar product, from a simple deposit product to a complex corporate financing.
Frequently Asked Questions
Q. What does a Shariah Board do at a Pakistani bank?
It reviews and approves every Islamic banking product before launch. It also issues Fatwas that guide how the bank operates day-to-day.
Q. What is the difference between Shariah Compliance and Shariah Audit?
The Shariah Compliance Department implement the Board's rulings in daily operations. Shariah Audit independently checks whether those rulings are actually followed.
Q. Are locker contents insured?
Allied Bank arranges insurance cover at its own cost against fire, burglary, locker breaking and vandalism by its own staff. The maximum rises with locker size. Cash is outside the cover, and the insurance policy's own terms apply.
Q. Does the State Bank of Pakistan regulate Shariah Boards?
Yes. The State Bank of Pakistan's Shariah Governance Framework sets out Board requirements for every Islamic bank.
Allied Aitebar's Shariah Board sits at the centre of how Allied Bank delivers Islamic banking. If you want to see each scholar's qualifications and how to reach the Shariah Compliance Department, visit the Shariah Board Members page today.
Meet the Scholars Behind Allied Aitebar
Every Allied Aitebar product is reviewed and approved by the Shariah Board before launch. See each scholar’s qualifications and learn how to reach the Shariah Compliance Department.
