Shariah Board - Summit Bank

Shariah Board

The Shariah Board of Summit Bank Limited consists of the following eminent Shariah scholars:

Mufti Irshad Ahmad Aijaz – Chairman Shariah Board

Mufti Irshad Ahmad Aijaz graduated from Jamiat-ul-Uloom Islamiyyah, Binnori Town, Karachi. He completed his Takhassus Fil-Iftaa (Specialization in Islamic Jurisprudence and Fatwa) from Jamia Dar-ul-Uloom, Karachi.

He currently holds certain advisory positions at a number of institutions, including:

Chairman Shariah Board of State Bank of Pakistan (SBP)
Chairman Shariah Board of Securities & Exchange Commission of Pakistan (SECP)
Chairman Shariah Board of Bank Islami Pakistan Limited
Member, AAOIFI Shariah Standard Committee – Karachi
Shariah Advisor of Fortune Islamic Financial Services
Shariah Advisor of Allied Rental Modaraba, Member
Member, Shariah Board of Standard Chartered Bank (Pakistan) Limited
Consultant, Shariah Review Bureau – Bahrain

Prof. Dr. Noor Ahmed Shahtaz – Member Shariah Board

Dr. Noor Ahmed Shahtaz holds a Shahadah Al- Alamia from Tanzem ul Madaris Lahore. M.A (Islamic Studies), M.A (Arabic), LL.B from University of Karachi. He has done Ph.D. in Islamic Studies from Karachi University on the topic of Hudood System of Punishment. (from Karachi University).

He is member of Shariah Advisory Board, at State Bank of Pakistan.

Dr. Shahtaaz has 20 years of experience in Darul Ifta and 27 years of teaching experience in the University of Karachi, Sheikh Zayed Islamic Research Centre, and 5 years in different universities, madarsas, institutions, etc.

He had been a member of the Council of Islamic Ideology Govt. of Pakistan for three years and a members of the Pakistan Halal Authority Govt. of Pakistan.

He is a Registered Sharia Advisor with the SECP.

At present, he is Sheikh ul Hdith (teaching Hadith Sharif ) in Dar-ul-Uloom Hanfia Tariq Road, Karachi.

Mufti Bilal Ahmed Qazi – Member Shariah Board

Mufti 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 Jamiah-tul-Uloom Ul-Islamiyah, Banori Town. Then he completed his specialization in Islamic Jurisprudence (Takhassus Fil Iftaa) from Jamia Dar-ul-Uloom Karachi. He has completed his MBA from IBA (Institute of Business Administration), Karachi, Pakistan. He has been working as a member of the Darul Ifta Jamia Dar-ul-Uloom Karachi.

He also holds advisory positions at:

Member Shariah Board Soneri Bank Limited

Mufti Muhammad Najeeb Khan – Member Shariah Board

He holds a degree of specialization in Islamic Jurisprudence/Islamic Finance “Takhassus Fil Iftaa” from Jamia Darul Uloom, Karachi under the supervision of Justice Retd. Mufti Taqi Usmani.

He is a Shariah Advisory Board member of UBL’s – United Composite Islamic Fund and Pak Oman Islamic Fund. Currently, he is also the Chairman of Sind Bank Shariah Board and Advisor of ‘Hira Foundation School, Hira Institute of emerging sciences, Centre for Islamic economics’.

He is a Member Shariah Committee for Shariah Standard Pakistan Chapter AAOIFI, and Committee of Islamic Accounting standards. Additionally, Member of Committee on Accounting and Auditing Standards for Interest Free Modes of Financing and Investments (ICAP) (From 2003 – till date) , trainer and member of the HALAL committee for Halal standards for the Government of Pakistan (PSQCR) and Vice Chairman of Technical Committee on Halal Pharma Standards and a Member of Sindh Food Authority Technical Committee. He is a Chairman Shariah Board of the Halal Awareness and Research Council (HARC). He is a Syndicate member of NED University of Engineering and Technology.

He was also a Shariah Board member and trainer for the Committee of Pakistan Accreditation Council (PNAC) and Ex-Member of Shariah Board of Securities & Exchange Commission of Pakistan.

As a trainer, he has professional affiliations with the following:

  • NIBAF (SBP)
  • IDB
  • IBA
  • LUMS
  • Karachi University
  • Halal committee of OIC

He is also a member of the Advisory Board for designing Islamic School curriculums in Education – Ummah Relief International – U.S.A, Lecturer – U.M.M.A Centre, Victoria, Australia, Lecturer – Islamic Centre, Monash University, Victoria, Australia, Advisor in Islamic Finance – Various Financial Institutions in Australia, Senior Member of Majlis Ulama – Australia etc.

Mufti Syed Zubair Hussain – Resident Shariah Board Member

He has done his Al-Aalamiyyah (a degree recognized by the Higher Education Commission Pakistan as a Masters in Arabic and Islamic Studies) in 2006 from Jamiah Dar-ul-Uloom Karachi. He has completed his MBA in Finance from University of Karachi in 2009.

He also holds degree of specialization in Islamic Jurisprudence/Islamic Finance “Takhassus Fil Iftaa”. Syed Zubair Hussain has been working in the field of Islamic Banking and Finance since 2010 in various capacities. He has been associated with Summit Bank since 2015 overseeing the Shariah Compliance function of the bank. He is actively involved in all Shariah Compliance matters and critically supervises and guides for all Shariah compliance queries to branches & departments.

He is also a CSAA (Certified Shariah Advisor & Auditor) from AAOIFI (Accounting & Auditing Organization for Islamic Financial Institutions), an international certification.

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Last Updated 2021-10-26


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