FAYSAL BANK LTD SHARIAH BOARD

The Shariah Board at Faysal Bank Limited was established on 1st of October, 2015, comprising of
renowned Shariah Scholars, namely:

Mufti Muhammad Mohib ul Haq Chairman Shariah Board

Dr. Mufti Khalil Ahmad Aazami Member Shariah Board
Mufti Khawaja Noor ul Hassan Resident Shariah Board Member

Faysal Banks Shariah Board will be responsible for the ascertainment of Islamic law and for ensuring
that Shariah guidelines are being strictly adhered to in all Islamic Banking operations and activities of
Faysal Bank Ltd.

Profiles of Members of the Shariah Board

Mufti Mohib ul Haq Chairman - Shariah Board
Mufti Mohib ul Haq is a prominent and a well-recognised Shariah scholar of international repute. His
credentials include a specialised degree in Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies)
and Takhassus fil Ifta (Specialization in Islamic Jurisprudence and Fatwa) from the esteemed Jamia Darul
Uloom, Karachi.
Mufti Mohib ul Haq has been associated with Faysal Barkat Islamic Banking since 2011 as the Shariah
Advisor prior to his appointment as the Chairman of Shariah Board. Previously, he has served as the
Shariah Advisor/Shariah Board Member at various Financial Institutions which include:
Bank Al Habib Ltd
Takaful Pakistan Limited
Royal Bank of Scotland Berhad Malaysia
He has over twelve years of teaching experience at renowned institutions and is also a Faculty Member/
Visiting Faculty Member of various well known Institutions such as:

Jamia Darul Uloom Karachi

Centre for Islamic Economics
National Institute of Banking and Finance SBP
Institute of Cost and Management Accountants of Pakistan.

Dr. Mufti Khalil Ahmad Aazami - Shariah Board Member

Dr. Mufti Khalil Ahmad Aazami is a renowned Shariah Scholar in Islamic Banking industry. Dr. Aazami has
graduated from Jamia Darul Uloom, Karachi. He obtained his Shahadat-ul-Aalamia (Masters in Arabic
and Islamic Studies) and Takhassus fil Ifta (Specialization in Islamic Jurisprudence and Fatwa) from Jamia
Darul Uloom, Karachi. Dr. Aazami holds a Doctorate degree in Islamic Jurisprudence from Karachi

University. Dr. Aazami was working with Bank Alfalah Islamic Banking since 2003 in the capacity of
Shariah Advisor prior to joining Faysal Bank Ltd. He has served as a Shariah Board Member in different
financial institutions which include:
Takaful Pakistan Limited
Alfalah GHP Islamic Fund
He has significant experience in teaching Islamic Finance, Banking and Takaful in the role of a Faculty
Member/Visiting Faculty Member of various institutions including:
Faculty member Jamia Darul Uloom, Karachi
Centre For Islamic Economics, Karachi
National Institute of Banking and Finance - SBP
Sheikh Zaid Islamic Research Centre - University of Karachi

Mufti Khawaja Noor ul Hassan Resident Shariah Board Member

Mufti Khawaja Noor ul Hassan possesses both contemporary conventional as well as religious academic
qualifications. He has obtained the Shahadat-ul-Aalamia (Masters in Arabic and Islamic Studies) and
Takhassus fil Ifta (Specialization in Islamic Jurisprudence and Fatwa) from Jamia Farooqia & Jamia Darul
Uloom, Taleem ul Quran, Karachi. Additionally, he holds a Bachelors' Degree in Law (LLb), a Masters
Degree in Islamic Studies and a Masters degree in Islamic History from University of Karachi & Federal
Urdu University respectively.
Mufti Hassan has over 07 years of professional, on-the-job and extensive experience, in Islamic Banking,
including Sharia-compliant Product Development, Credit Appraisal & Administration with prestigious
institutions such as Faysal Bank, Meezan Bank, & Albaraka Bank (formerly Emirates Global Islamic Bank),
in Pakistan. In addition to above, Mufti Hassan has over 03 years experience, working as Assistant
Company Secretary for a number of Public & Private Limited Companies.

Shariah Compliance Department

Mufti Khawaja Noor ul Hassan has been appointed as Head of Shariah Compliance department (SCD).
The SCD department will work under the overall guidance and supervision of Shariah Board.
The SCD shall keep a continuous watch on the FBLs Shariah compliance environment and shall ensure
that all organs of Shariah Governance are operative and are effectively discharging their respective
functions and responsibilities as defined in the Shariah Governance Framework. In order to monitor and
ensure compliance of FBL operations on an ongoing basis with the rules and principles of Shariah, the
SCD under the supervision of Resident Shariah Board Member (RSBM) shall conduct an internal Shariah
control review of the FBL business units, branches, and other Head Office departments.