Shar’iah Board – Welcome to MCB Islamic Bank Website

Shari'ah Board

Prof. Mufti Munib-Ur-Rehman

Chairman Shari’ah Board

Prof. Mufti Munib-ur-Rehman, working with MCB Islamic Bank since September 2015, is a renowned Shari’ah scholar with a vast 50 years’ teaching and 35 years’ Fatawas issuance experience. He remained the member of Shari’ah Advisory Board of Securities and Exchange Commission of Pakistan (SECP) for three terms and the member of the Council of Islamic Ideology Pakistan (CIIP), he rendered voluntary services for the country since 2001 to 2020 as Chairman Central Moon Sighting Committee Pakistan. He served as Director of Islamic Studies, Hong Kong in 1985. He is the president of Tanzeem-ul-Madaris Ahle Sunnat Pakistan & Secretary General of Ittihad-e-Tanzeemat-e-Madaris Pakistan. He participated in international seminars in Saudi Arabia, UK, Norway, USA, Canada, Kazakhstan, Turkey and other Countries.

He remained member of the Board of Studies of University of Karachi, Federal Urdu University & Board of Intermediate Karachi. He remained member of the syndicate of University of Karachi & PMAS Arid University, Rawalpindi. He is the member of National Curriculum Pakistan & National Education Task Force. He was Shari’ah Adviser of Federal Shariat Court Pakistan. The 11 Volumes of his Fatwas has already published and has vast acceptability amongst Ulama. He is the Principle & Managing Trustee of Jamia Naeemia Karachi. He is Chairman Shari’ah Advisory Committee of Dawood Family Takaful Ltd and remained Chairman Shari’ah Board of Burj Bank Ltd for more than a decade.

Mufti Syed Sabir Hussain

Resident Shari’ah Board Member/ Head-Shari’ah Compliance Department
Email: [email protected] Contact Number: +92 321 2880864

Mufti Syed Sabir Hussain, working with MCB Islamic Bank Ltd. since September 2015, is a prominent Shari’ah Scholar and experienced Islamic Banker with 23 years of teaching, 16 years of Fatawa and Islamic banking experience. He holds Shahadat-Al-Alimiyah & Takhassus-Fil-Fiqh, M.A Islamic Studies, M.Phil. in Islamic Banking & Finance and M.S (I.T) degrees. He is enrolled in Phd. on Islamic Banking and Finance from International Islamic University, Islamabad (IIUI).

He is ex-member of Shari’ah Advisory Board of SECP, Member of the Committee on Accounting and Auditing Standards of ICAP and invitee participant of Shari’ah Advisory Committee of State Bank of Pakistan and Member of several committees constituted by SBP on AAOIFI Shari’ah standards. Further, he was member of review committee for Urdu translation of AAOIFI Shari’ah standards. He is author of 27 books on Islamic economics & banking and other social issues; He is also delivering lectures in different Dar-ul-Ulooms and Universities.

Mufti Nadeem Iqbal

Shari’ah Board Member

Mufti Nadeem Iqbal is the Shari’ah Board Member. He is senior teacher and Mufti at Dar-ul-Uloom Amjadia, Karachi and currently heading Dar-ul-Ifta. He has 31 years’ experience of teaching Islamic Jurisprudence and 19 years’ experience of issuing Fatawa (Shari’ah Opinions). He has 15 years’ experience in Islamic Banking. He holds Master’s Degree in Islamic Studies from University of Karachi, Takhusus-Fil-Fiqh from Dar-ul-Uloom Amjadia, Karachi, Fazil Dars-e-Nizami, and Fazil Shahada-tul-Almia. He gave his services as Resident Shari’ah Board Member/Shari’ah Advisor at Soneri Bank’s Islamic Banking Division for thirteen years. He is visiting faculty member at Sheikh Zayed Islamic Centre, University of Karachi and Hamdard University, Karachi. He is writer of several books including Islamic Jurisprudence.