| Bank AL Habib Limited is a well established commercial bank in Pakistan, which has also been licensed by the State Bank of Pakistan to undertake Islamic Banking through its Islamic Banking branches.
Bank AL Habib’s Islamic Banking Branch offers Deposit Schemes and Islamic Financing for Individuals / Traders / Industries which are completely based on Islamic Shariah principles.
All arrangements / documents relating to above are Shariah compliant and have been approved by our Shariah Advisor. He will regularly monitor all Deposits and Financing to ensure that these are Shariah compatible.
Introduction to Shariah Advisor – Mufti Dr. Ismatullah
Mufti Ismatullah is the Shariah Advisor of Bank AL Habib Islamic Banking. He is a PhD in Islamic Economics. His thesis – Zar (Money) in light of Shariah – is considered as one of the useful researches of Islamic Economics.
Mufti Islamtullah holds the degrees of “Aalim-e-Deen” and “Takhassus Fil Fiqh” from Jamia Dar-ul-Uloom, Karachi. He has been teaching Quran, Hadith, Fiqh, Philosophy and Arabic Grammar in Dar-ul-Uloom since 1993. Mufti Sahab has a vast experience in issuing Shariah rulings (fatwa) and is currently serving Dar-ul-Ifta’ of Dar-ul-Uloom. So far he has issued about 20000 Fatwas regarding different topics and Shariah issues.
He is a renowned research scholar, his research papers have been published in Monthly “Al Balaagh”. He wrote a book “Guide to Takaful or Islamic Insurance” which will be published very soon.
Mufti Sahab is also a member of Shariah Advisory Board of Pak Qatar Takaful Group.
All products are approved by our Shariah Advisor and all transactions are personally supervised by him.
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