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Sharia Supervisory Board<br />

Dr. Muhammad Imran UsmanI<br />

Dr. Muhammad Imran Usmani, holds an LLB, M. Phil, and a Ph. D.<br />

in Islamic Finance graduating as a scholar with a specialization<br />

(Takhassus) in Islamic Fiqh and fatwa from Jamia Darul-Uloom,<br />

Karachi - Pakistan.<br />

Dr. Muhammad Imran Usmani is the head of the Hira<br />

Foundation School and the Sharia Advisor & Group Head of<br />

Product Development Sharia Compliance at Meezan <strong>Bank</strong>,<br />

in charge of research & development along with product<br />

development of Islamic banking products, training, advisory,<br />

and audit & compliance for the relevant activities. He has<br />

been serving as a teacher \ lecturer of important subjects of<br />

Shariah (Fiqh & Hadith in Mutawassitah to Aalimiyyah levels)<br />

since 1990 in Jamia Darul-Uloom and is a member of its<br />

administration board. He is also a visiting faculty member<br />

at the Karachi University and IBA. Dr. Usmani has also been<br />

leading Friday khuthbah and prayer at a Jamia Mosque for<br />

20 years. Dr. Muhammad Usmani has served as an advisor<br />

/ member of Sharia Boards of several renowned institutions<br />

since 1997 including <strong>BMI</strong> <strong>Bank</strong>, Bahrain amongst others.<br />

He is also an Executive Committee Member of AAOIFI<br />

(Dubai) and Sharia Supervisory Board of International Islamic<br />

Financial Market (IIFM) Bahrain and International Center for<br />

Education in Islamic Finance (INCEIF) Malaysia, Institute<br />

of Business Administration (IBA), Karachi and Center for<br />

Islamic Economics(CIE), Karachi. Dr. Usmani is the author<br />

of numerous publications related to Islamic finance and<br />

other Sharia-related subjects. He has presented papers<br />

in numerous national and international seminars and has<br />

delivered lectures at academic institutions including Harvard,<br />

LSE, LUMS and IBA.<br />

Sheikh Nizam Mohammed Yaquby<br />

Sheikh Nizam Mohammed Yaquby is an internationally acclaimed<br />

Sharia scholar in the Islamic banking industry. He has a background<br />

in both traditional Islamic sciences with senior scholars from different<br />

parts of the Muslim world and also a Master’s degree in Economics<br />

from McGill University in Canada.<br />

Sheikh Nizam has taught Islamic subjects in Bahrain<br />

and lectured all over the world. He is a member of many<br />

International Boards including the Sharia Council of AAOIFI,<br />

Dow Jones Islamic Index, Central <strong>Bank</strong> of Bahrain Sharia<br />

Committee and IIFM Sharia Council. Sheikh Nizam has<br />

edited several Arabic manuscripts and has more than 500<br />

audio-visual lectures and lessons in both Arabic and <strong>English</strong>.<br />

<strong>BMI</strong> <strong>Bank</strong> Annual Report 2011 [35]

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