Islamic Banking













 Shariah Advisory Committee:


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The Shariah Advisory Committee (SAC) of State Bank of Pakistan (SBP) is an apex body which provides Shariah opinion and advice on Shariah related matters. The Shariah Advisory Committee consists of Shariah scholar members drawn from among Islamic scholars and Technical members including accountant, lawyer, senior official from SBP, and a specialist from other fields i.e. Economics or Banking & Finance with good knowledge of Islamic finance and practices.

Members of the Shariah Advisory Committee are:

i. Mufti Irshad Ahmad Aijaz as Shariah scholar member and Chairman,

ii. Dr. Noor Ahmed Shahtaz as Shariah scholar member,

iii. Ayatullah Shabbir Hasan Lakhani (Maisami) as Shariah scholar member,

iv. Syed Najmul Hussain as Accountant member,

v. Justice (R) Syed Jamshed Ali as Lawyer member,

vi. Mr. Mansur-Ur-Rehman Khan as member from other field i.e. Economics or Banking & Finance,

vii. Syed Samar Hasnain, Executive Director (Development Finance Group) as ex-officio member,

whereas, Mr. Ghulam Muhammad, Director Islamic Banking Department, SBP to act as ex-officio Secretary (non-member) to the Committee.

List of Previous Members:
Since its inception, following members have served on Shariah Advisory Committee (formerly SBP Shariah Board)

Term
Chairman (Shariah Scholar)
Shariah Scholar(s)
Accountant
Lawyer
Ex-Officio member/ Secretary

1st (2004 – 2005)

Dr. Mahmood Ahmad Ghazi
Dr. Imran Usmani
Mr. Ebrahim Sidat
Syed Riaz-ul-Hasan Gilani
Mr. Pervez Said

2nd (2006 – 2007)

Dr. Mahmood Ahmad Ghazi
Dr. Imran Usmani
Mr. Ebrahim Sidat
Syed Riaz-ul-Hasan Gilani
Mr. Pervez Said
 
3rd (2008 –2009)
Dr. Mahmood Ahmad Ghazi
Dr. Imran Usmani
Mr. Ebrahim Sidat
Syed Riaz-ul-Hasan Gilani
Mr. Pervez Said

4th (2010 – 2011)

Dr. Mahmood Ahmad Ghazi /
Dr. Fida Muhammad Khan

Dr. Imran Usmani
Mr. Ebrahim Sidat
Syed Riaz-ul-Hasan Gilani
Mr. Pervez Said / Mr. Saleem Ullah

5th (2012-2013)

Dr. Fida Muhammad Khan

i) Mufti Muhammad Zubair Usmani
(ii) Dr. Muhammad Qaseem

Mr. Ebrahim Sidat
Justice Khalil-ur- Rehman Khan
Mr. Saleem Ullah

6th (2014-2017)

Justice (R) Mufti Muhammad Taqi Usmani

i) Mufti Muhammad Zubair Usmani
(ii) Dr. Muhammad Qaseem

 

Mr. Ebrahim Sidat
Justice Khalil-ur- Rehman Khan
Mr. Saleem Ullah/ Mr. Yavar Moini / Mr. Ghulam Muhammad

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