Resident Shariah Board Member
Faysal Bank Limited
Total des années d'expérience :15 years, 1 Mois
Key Responsibilities: as mentioned in Shariah Governance Framework for Islamic Banking Institutions issued by Islamic Banking Department of State Bank of Pakistan vide IBD Circular No. 01 of 2018 dated on June 07, 2018
Resident Shariah Board Member (RSBM):
1. Attend meeting with Shariah Board (SB) and BOD as per the requirement
2. Oversee the procedures to be adopted for implementation of the resolutions, pronouncements and fatawa of the SB and provide guidance thereon with consultation of SB,
3. Provide explanation/clarification to management on products, documents, process flows and on other operational Shariah related matters,
4. Guide the SCD in conducting Shariah compliance reviews of key business areas on a test check basis.
5. Facilitate the SCD and Training Department in designing and conducting training activities.
6. Provide guidance to the Bank regarding the Shariah aspects of new products /ideas as and when required,
7. Respond to Shariah related queries of Bank's staff and clients regarding Islamic banking's products and services as and when required,
8. Submit a quarterly report to the SB, for ratification, of all the material explanations/clarifications provided on products, services, documents, process flows and other operational Shariah related issues
9. Maintain good / healthy relationship with Local Shariah Scholars,
10. Attend meeting, seminars etc. invited by SBP and other Local Islamic Financial Institutions / Experts
Appointed as Shariah Advisor of the transactions for K- Electric Limited to issue various Islamic Commercial Paper (ICPs) & Short Terms Sukuk (STSs) and for Azgard Nine Limited to Issue Islamic Sukuk, subsequently, reviewed and approved Shariah Structure, Legal & Transactional Agreements, provide Shariah consultancy, responds regulator, Industry, other stakeholder’s queries and issue Shariah compliance certificate etc.
Teaching following course to MBA/BBA students;
1. Essentials for Islamic Modes of Financing,
2. Islamic Banking & Applied Finance,
3. Islamic Financial Regulatory Framework and Standards,
4. Islamic Law of Contract & Takaful, and
5. Islamic Financial Participatory Products and Structuring
Key Responsibilities:
1. Shariah Compliance Review,
2. Training on Shariah Compliance,
3. Secretariat of Shariah Board,
4. Conduit between Management and Shariah Board / Shariah Advisor (Previously),
5. Enforcement of corrective action provided by Shariah Board,
6. Other Functions,
Key Responsibilities: as mentioned in Shariah Governance Framework for Islamic Banking Institutions issued by Islamic Banking Department of State Bank of Pakistan vide IBD Circular No. 01 of 2015 dated on April 07, 2015
Resident Shariah Board Member (RSBM):
1. Attend meeting with Shariah Board (SB) and BOD,
2. Oversee the procedures to be adopted for implementation of the resolutions, pronouncements and fatawa of the SB and provide guidance thereon with consultation of SB,
3. Provide explanation/clarification to management on products, documents, process flows and on other operational Shariah related matters,
4. Provide guidance to the Bank regarding the Shariah aspects of new products /ideas,
5. Respond to Shariah related queries of Bank's staff and clients regarding Islamic banking products and services,
6. Submit a quarterly report to the SB, for ratification, of all the material explanations/clarifications provided on products, services, documents, process flows and other operational Shariah related issues
7. Attend meeting, seminars etc. invited by SBP and other Local Islamic Financial Institutions / Experts
Taught following courses to the Students of Computer Science, Electrical Engineering and Management Sciences:
1. Islamic & Religious Studies,
2. History of Pakistan / Pakistan Studies,
3. Business Finance,
4. Principles of Marketing, and
5. Sociology,
Taught Islamic Studies to Students of Computer Science & Computer System Engineering,
Teaching Organizational Behavior to Students of Computer Science, Computer System, Electronics and Electrical Engineering,
Key Responsibilities:
1. Shariah Compliance including conducting Shariah reviews, Trainings etc.
2. Regulatory Banking Compliance,
3. Products and Manuals Development,
4. Structuring Finances including engagement with business team in their day to day Shariah specific activities,
5. Coordination with Shariah Auditor, Reviewers, SBP Inspectors,
6. Translation into Arabic, English & Urdu,
Key Responsibilities:
1.Teaching Islamic Studies to All Secondary Level Students
2.Teaching Arabic Language to All Secondary Level Students
3.Teaching Holy Quran to All Secondary Level Students
Key Responsibilities:
1. Teaching Islamic Studies to All “O” Level Students & Grade 4 & Grade 5
2. Teaching Economics to “O” Level Students
3. Teaching Accounting to “O” Level Students
4. Teaching Mathematics to Grade 5
Internship at Shariah Compliance Department
TAKHASUS-FIL-FIQH-IL-ISLAMI - (Mufti) - (Specialization in Islamic Jurisprudence)
SHAHADATUL ALMIYA (Equivalency of Degree: MA Islamic Studies and Arabic awarded by University of Karachi & Higher Education Commission – Pakistan)