Shari'a Board Members
Our Shari'a Board members are widely acclaimed as leaders in the field of Islamic Finance. A humble introduction to each member is given here.- Dr. Sheikh Mohamed Ali Elgari (Chairman Shari’a Board)
- Mufti Muhammad Hassaan Kaleem (Vice Chairman Shari'a Board)
- Mian Muhammad Nazir (Member Shari'a Board)
- Syed Muhammad Abubakar (Resident Shari’ah Board Member)
Dr. Sheikh Mohamed Ali Elgari
Chairman Shari'ah BoardDr. Elgari holds a PhD in Economics from the University of California, the United States of America and a B.A. from King Abdul Aziz University. Dr. Elgari is a major figure in Islamic Jurisprudence and Islamic Finance Industry; he is a distinguished Scholar of Shari’ah, Economics and Finance, with vast experience in the guidance of Islamic Banks and Financial Institutions from all around the world.
He is part of the Shari’ah Supervision Board in several banks and Islamic Financial Institutions around the world, serving as a Chairman or a Member. The list of these Institutions include Dubai Islamic Bank, HSBC, Citi Bank, BNP Paribas, Crédit Agricole, NCB (KSA), FAB, SAAB, Bank Al Jazira, Banque Saudi Fransi, Samba, ADIB, Riyad Bank, the Islamic Bank of Asia, Muzn Islamic (Oman), Bank Audi (Lebanon); as well as Islamic Takaful Companies including: AIG-Takaful, AlAhli Takaful, SAAB Takaful and a variety of other companies including DDCAP (Commodity Brokerage), The International Islamic Liquidity Management Corporation. He also supervises several Islamic Investment Funds.
Dr. Elgari is one of the first few to standardize the industry and certify its tools. He is a consultant for the Islamic Jurisprudence Academy of the Organization of Islamic Cooperation (OIC) as well as, the Islamic Jurisprudence Academy of the Muslim World League. Dr. Elgari is a member on the editorial board of several academic publications in the field of Islamic Finance and Jurisprudence. He is also a member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), International Shari’ah Research Academy for Islamic Finance (ISRA) and the Shari’ah Board of Dow Jones Islamic Market Index and has been a visiting professor at Harvard.
Dr. Elgari is the recipient of the Islamic Development Bank Prize in Islamic Banking and Finance, holds the KLIFF Islamic Finance Award for Most Outstanding Contribution to Islamic Finance (Individual), as well as EuroMoney award for Outstanding Contribution to Islamic Finance Sector.
Mufti Muhammad Hassaan Kaleem
Vice Chairman Shari'ah BoardMufti Hassaan Kaleem has vast experience in matters of Sharia teachings and advisory and has been teaching various courses in Islamic Studies and Arabic at Dar-ul-Uloom Karachi for the last 24 years. He is Vice Chairman of Dubai Islamic Bank Limited, Shari’ah Board Member of Islamic Development Bank and for its associate institutions, Member of Pak Qatar Takaful, Sharia Consultant for Deloitte (Global Islamic Finance Team), and Sharia Council Member of Al-Ameen UBL Funds.
In addition, he is also a Sharia Board Member of Hanover Re-Takaful Bahrain, Sharia Board Member of Takaful Emirate UAE, Sharia Board Member of Amana Bank Limited Sri Lanka, permanent faculty member of Center for Islamic Economics Karachi, Trainer of Sharia Standards at Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Bahrain and visiting faculty member of National Institute of Banking and Finance (State Bank of Pakistan).
Mian Muhammad Nazir
Member Shari'ah BoardMian Nazir is serving as Member Shari’ah Board of Dubai Islamic Bank Pakistan. He holds Master degree of Laws from University of Cambridge, United Kingdom, B.A. and LL.B (Hons) Shari’ah & Law degree (Gold Medal and Distinction) from International Islamic University, Pakistan. He has attended various leadership development programs, extensive academic and professional qualification programme at leading business schools and institutions.
Prior to joining DIB Group, Mian Nazir was the Director - Legal & Regulatory affairs at Pakistan Telecommunication Authority and Legal Advisor to Dallah Albaraka Group, Kingdom of Saudi Arabia.
He also served as Chief Operating Officer of Dar Al Sharia from 2008 to 2016 and CEO from 2017 to 2021 and now serving Dar Al Sharia as Senior Advisor to the Board.
Mian Nazir is acknowledged as an authority on Islamic banking and finance and is a member of Shari’ah governance boards and technical committees of various Islamic Financial institutions and regulators in the GCC, South Asia and East Africa.
Mian Nazir is considered as a leading expert across the global Islamic banking and finance industry. He has unique expertise in the fields of banking, corporate finance, legal and Sharia and has pioneered the Islamic banking and finance consulting and advisory sector in the UAE through landmark achievements in Islamic product development, structuring and Sharia advisory services across all facets of Islamic banking and Takaful industry. Supervised the structuring and closing of various ground-breaking Islamic finance transactions (Sukuk, securitization, corporate finance, project financing, asset financing, infrastructure financing, etc.) over the past 20 years.
Syed Muhammad Abu Bakar
Resident Shari’ah Board MemberSyed Muhammad Abu Bakar is serving as Resident Shari’ah Board Member at Dubai Islamic Bank, Pakistan and has more than 10 years of experience in Islamic finance. In addition to his Islamic studies credentials, he holds MS degree in Business Analytics from SZABIST, Islamabad and Masters in Economics from University of Karachi. This multidisciplinary approach to learning equips him with a unique perspective that bridges the gap between religious principles and modern economic realities.
He has played an active role in academia, teaching, and conducting training sessions at prestigious institutions such as Riphah University, IBA CEIF (Institute of Business Administration - Center for Excellence in Islamic Finance), and NIBAF (National Institute of Banking and Finance). He has special interests in modern technologies including data science and artificial intelligence and has conducted sessions on use of these technologies in Islamic banks and Shari’ah compliance. He has also authored articles and research papers published in national and international publications in Arabic, Turkish and Urdu languages.
Shari’ah Compliance & Secretary Shari’ah
Omair Nehal Siddiqui
Head, Shari’ah Compliance and Secretary Shari’ah BoardMr. Omair Nehal Siddiqui has a diverse experience of over 16 years in the Islamic Banking industry. He has worked in some of the largest and most reputed Financial Institutions in the areas of Product Development and Shari’ah Compliance.
An MBA from Institute of Business Administration (IBA), Certified Shari’ah Advisor and Auditor (CSAA) from AAOIFI and a Project Management Professional (PMP), Mr. Omair has a diverse local & international Islamic Finance experience.
Prior to joining DIB, he has worked at Faysal Bank, Bank Dhofar – Maisarah Islamic Banking Services (Oman) and Meezan Bank Limited in Product Development, Research and Shari’ah Compliance roles.
Following are the contact details of DIBPL Shari'a Compliance Department.
Shari’ah Compliance Department.
Dubai Islamic Bank
Head Office, 4th Floor, Hassan Chambers, DC-7,
Block 7, Kehkashan, Clifton, Karachi, Pakistan.
Tel: + 92 21 3536 8540