EGIBL’s Shariah Scholars:
The goal of our Shariah Advisory Board is to ensure that EGIB’s operations strictly adhere to Islamic tenets.

The main activities of our Shariah Board are:

Review EGIB’s transactions and activities in order to prepare appropriate policies

Monitor the implementation of policies in all internal and external activities of EGIB

	Analysis and approval by way of a Fatwa for contracts and products in light of Shariah
	Advise EGIB on day to day operations

Justice (R) Khalil-ur-Rehman Khan is the Shariah Advisor and the Chairman of the EGIBL Shariah Committee.  He is a world renowned Islamic Scholar of Pakistan and has held numerous positions in various boards of prestigious Islamic institutions.

Justice (R) Khalil-ur-Rehman has served as Chairman on the Shariah Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. In addition, he is the former Chief Justice of the Lahore High Court. He has also been the Chairman of the Religious Board for Mudarabas.

Justice Khalil ur Rehman has authored the landmark judgment on Riba in 1999 on the basis of which new impetus has been provided to Islamic finance in the country.

Mufti Abdullah Najeebul Haq Siddiqi is the Deputy Shariah Advisor for EGIB. He is associated with Dar-ul-uloom, Karachi and has specialized in Islamic Fiqh and Fatawa.  He graduated from Darul uloom Karachi as Aalim-e-Deen and has obtained certification in Islamic Banking Finance and Economics from the Centre for Islamic Economics.

Mufti Ehsan Waquar Ahmad is a member of the Shariah Committee at EGIBL. He graduated from Jamiat-ur-Rasheed, Karachi and specialized in Islamic Jurisprudence (Takhassus-fil-fiqh) from Dar-ul-Ifta a subsidiary of Jamiat-ur-Rasheed  in 1996.

Before joining Emirates Global Islamic Bank Limited he was working as Director of Karachi Institute of Management Science (An institute providing MBA to Shariah Scholars, affiliated with Karachi University).

He is a Masters in Economics from Karachi University.

At present he is pursuing his MBA from Institute of Business Management (CBM).

Islamic banking is based on Islamic economic principles and legal concepts (Shariah).  The basic idea governing Riba-free banking is risk-sharing.  An Islamic bank becomes your partner in sharing profits and risks in the business instead of being a mere creditor. In other words, Islam encourages investment in order to provide a stimulus to the economy.  The far reaching advantages of these practices can be enjoyed by Muslims and non-Muslims alike.  The size of the Islamic banking industry presently stands at US$ 140 Billion and is one of the fastest growing industries in the world.