Shaykh Mufti Muhammad Taqi Usmani
Shaykh Mufti Muhammad Taqi Usmani is the chairman of the Guidance Shariah Board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He has been a member of the Supreme Court of Pakistan since 1982. Presently, he is the vice president of Dar Al Uloom Karachi. Formerly, he was the deputy chairman of the Islamic Fiqh Academy, Jeddah.
He is also chairman of the Shariah Supervisory Boards of Guidance Residential Financial Group, U.S.; Saudi American Bank, Jeddah; and Citi Islamic Investment Bank, Bahrain; vice chairman of the Shariah Supervisory Board of Abu Dhabi Islamic Bank; and member of the Shariah Supervisory Boards of Al-Baraka Group, Jeddah; First Islamic Investment Bank, Bahrain; and the Islamic Unit of the United Bank of Kuwait, among others. Shaykh Usmani holds Alimiyyah and Takhassus degrees from Darul Uloom, Karachi, an M.A. degree from Punjab University and an LLB from Karachi University.
12:00 - 12:05 pm (EST) Introduction by Moderator
Shaykh Mufti Muhammad Taqi Usmani
Islamic financial transaction principles are meant to establish a fair and balanced approach in dealings between financiers and their customers. Those dealings can very well produce a healthy and vibrant economy where prosperity is achieved and shared by both parties without the cyclical turmoil we continue to experience in today’s economy.