Amana Bank is a licensed commercial bank in Sri Lanka practising Islamic finance

Independent Sharia Supervisory Council

Ash-Sheikh Dr. Mufti Muhammad Imran Ashraf Usmani - Chairman, Sharia Supervisory Council

Ash-Sheikh Dr. Mufti Muhammad Imran Ashraf Usmani, son of Justice (Retd.) Mufti Muhammad Taqi Usmani, graduated with specialisation in Islamic Fiqh (Islamic jurisprudence) from Jamia Darul-Uloom, Karachi, where he has been teaching Fiqh since 1990. In addition, he holds a LL.B and Ph.D. in Islamic Finance. He is also a member of the administration board of Jamia Darul-Uloom, Karachi and Director at Hira Institute of Emerging Sciences.

Presently Dr. Usmani is the Vice Chairman-Shariah Board at Meezan Bank and is responsible for Research and Islamic banking products, advisory for Sharia-compliant banking and supervision of Sharia Audit & Compliance, CEO Usmani & Co Pvt Ltd, CEO Usmani & Co Shariah Advisors Pvt Ltd.

Dr. Usmani has served as an advisor/member of Sharia Boards of several renowned institutions since 1997 including the State Bank of Pakistan, HSBC - Amanah Finance, UBS - Switzerland, Guidance Financial Group USA, Lloyds TSB Bank - UK, Japan Bank for International Cooperation (JABIC), Credit Suisse Switzerland, RBS Global, Old Mutual Albarakah Equity & Balanced Funds South Africa, AIG Takaful, ACR ReTakaful Malaysia, Capitas Group USA, Bank of London and Middle East Kuwait, BMI Bank Bahrain, Al Khaliji Bank Qatar, Sarasin Bank Switzerland, DCD Group Dubai, International Centre for Education in Islamic Finance (INCEIF) and other mutual and property funds, Takaful companies and international Sukuk etc.

He is also an Executive Committee Member of AAOIFI (Dubai), Sharia Supervisory Board of International Islamic Financial Market (IIFM), Bahrain and Chairman of Academic Board at Institute of Business Administration (IBA)-Centre for Excellence in Islamic Finance (CEIF), Karachi and Director Centre for Islamic Economics (CIE), Karachi.

Dr. Usmani is the author of numerous publications related to Islamic finance and other Sharia related subjects. He has presented papers at numerous national and international seminars and has delivered lectures at academic institutions including Harvard, LSE, LUMS and IBA.

Ash-Sheikh Mohd. Nazri Bin Chik - Vice Chairman, Sharia Supervisory Council

Ash-Sheikh Mohd. Nazri Chik, a Certified Sharia Adviser and Auditor (CSAA-AAOIFI) is the Group Chief Shariah Officer of BIMB Holdings PLC and Chief Shariah Officer of Bank Islam Malaysia. He holds a Master’s Degree in Sharia from University of Malaya and Certificate in Internal Auditing for Financial Institutions (CIAFIN) from Asian Institute of Chartered Bankers (AICB). He started his career as a tutor in the University until he joined Bank Islam in June 2004. He left the Bank to join Noor Investment Group, Dubai in September 2009 as its Sharia Audit Manager. During this time, he had been appointed as a member of Bank Islam’s Sharia Supervisory Council until he re-joined the Bank as its Head of Sharia in January 2011. He is also a Registered Sharia Adviser with the Securities Commission Malaysia, a Sharia Advisor of Malaysia Professional Accountancy Centre (MyPAC) and BIMB Securities Management LLC, Accredited Panel of Finance Accreditation Agency (FAA); Executive Committee Member of Association of Sharia Advisors Malaysia (ASAS), Distinguished Trainer for Islamic Banking and Finance Institute of Malaysia (IBFIM), a member of Board of Directors of Terengganu Incorporated, the investment arm of Terengganu state of Malaysia and an academic advisor to various Islamic finance programs offered by universities in Malaysia. In May 2014, he was selected as the recipient of the ‘Promising Young Banker Award 2014’ by the Asian Banker Magazine.

Ash-Sheikh M.M.A. Mubarak - Member, Sharia Supervisory Council

Ash-Sheikh M.M.A. Mubarak is the former President and present General Secretary of the All Ceylon Jamiyyathul Ulama. He is a highly-learned and respected scholar who holds a Bachelor of Islamic Law (Sharia) Degree from the Islamic University of Madina Al Munawwara, Saudi Arabia. He is a retired Principal of Sri Lanka’s leading Arabic College Al-Ghaffooriya Arabic College, Maharagama and is the Deputy Chairman of Abd Azeez Bin Baaz Ladies Arabic College, Malwana, Sri Lanka.

Ash-Sheikh Mubarak is a highly respected scholar and an author to several books and publications on the topic of Sharia and other Islamic Studies.

Ash-Sheikh Mufti M.I.M. Rizwe - Member, Sharia Supervisory Council

Ash-Sheikh Mufti M.I.M. Rizwe is a well renowned scholar locally and internationally. He currently holds the position of President of the All Ceylon Jamiyyathul Ulama (ACJU), the apex body of Muslim Theologians which was established in the year 1924. He is also Ex Officio President of various committees of the ACJU.

He gained his early education in Sri Lanka before moving to Jamia Uloomul Islaamiyya, Karachi, where he pursued for specialisation in Islamic Jurisprudence. He gained MA in Arabic & Islamic Studies, which is recognised by the Higher Education Commission of Pakistan.

He is a member and Advisor of the Supreme Council of Madaaris Ul Arabiyya (Federation of the 250 Arabic Colleges in Sri Lanka which are registered at the Muslim Religious & Cultural Affairs Department). He also lectures in a number of colleges and serves in the capacity of President and an Advisor to a number of Arabic colleges locally and internationally.

He is also a member of the Inter Religious advisory Board for His Excellency the President of Sri Lanka since May 2016 and an Executive Member of the Supreme Council of Congress of Religions - Sri Lanka.

Mufti Rizwe is the Founder of Mahmoud Institute, which was established for the sole purpose of developing the skills of Ulama to face the current challenges prevailing in the community and Founder and Director of Islamic Careline Counselling (Guarantee) Limited, Colombo, which provides individuals and families with the support and service to overcome Marital & Psychological problems.

Mufti Rizwe has been a frequent traveller across the world, where he has conducted and attended several programmes in Asian, Middle Eastern, African, European and North American countries for the purpose of promoting peace and coexistence whilst encouraging spiritual growth & skills development.

He is the Chairman of the Sharia Supervisory Council of Amãna Takaful PLC and a member of Sharia Boards of several other Islamic Financial Institutions in Sri Lanka and Maldives and an Advisor of Izumi Enterprise, Japan.

Mufti M.I.M. Rizwe has also been selected among the 500 most influential Muslims worldwide. The evaluation is done annually by the Royal Islamic Strategy Study Centre based in Amman, Jordan (www.rissc.jo) (http://themuslim500.com/profile/m-i-m-rizvi-mufthi).

Ash-Sheikh Mufti Muhammad Hassaan Kaleem - Member, Sharia Supervisory Council

Ash-Sheikh Mufti Muhammad Hassaan Kaleem is a renowned figure in the field of Islamic Finance. He studied traditional Islamic studies under the guidance of eminent Islamic Scholars from a well-known Islamic Seminary Jamia Darul Uloom, Karachi. He holds vast experience of teaching various Islamic Subjects at the same Institute for the past 19 years.

Mufti Hassaan is considered one of the most revered Sharia Scholar in the Islamic Finance Industry, who sits on the Sharia Advisory Boards of numerous financial institutions, Islamic Investment Funds and Takaful Companies, including Al-Ameen UBL Funds, Adamjee Takaful, State Life - Window Takaful Operations, Pak Qatar Family Takaful Ltd- Pakistan, Hanover Re Takaful-Bahrain, and Takaful Emirate- UAE.

In addition, Mufti Hassaan is a Sharia Consultant of Deloitte (Global Islamic Finance Team), Trainer of Sharia Standards and Member of Subcommittee of Sharia Standards at AAOIFI- Bahrain, Permanent faculty member of Centre for Islamic Economics Karachi, visiting faculty member of National Institute of Banking and Finance (State Bank of Pakistan) and Centre for Excellence in Islamic Finance (CEIF) - IBA. Furthermore, he was the former Sharia Advisor of Bank Al Baraka and Chairman Sharia Board of SECP.

Currently, he works as Country Head of Sharia of Dubai Islamic Bank Pakistan Ltd as well as a teacher in Jamia Darul Uloom Karachi. He is a frequent trainer and expert in simplifying complex issues related to Islamic Finance. He has participated in many Islamic Finance conferences and seminars around the world and has delivered lectures and presentations.

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