Shariah Board Members
Shariah Board Members
 
 

Partnership

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The current members are of the Shariah Supervisory Board of Albaraka Bank Limited are:

Shaikh Abdus Sattar Abu Ghudda (Chairman)

A senior Shari`ah consultant for the Dallah Al Baraka group in Saudi Arabia, Director of the Department of Financial Instruments at Al Baraka Investment and Development Company and a member of the Shari`ah Supervisory Boards of several Islamic financial institutions throughout the world. He is an active member of the OIC Islamic Fiqh Academy and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). He was responsible for research and compilation for the Encyclopedia of Fiqh of the Kuwait Ministry of Awqaf and Islamic Affairs and is a former member of the Ministry’s Fatwa Board. He has taught fiqh and Islamic studies in Kuwait and Saudi Arabia. Dr Abu Ghuddah obtained BA degrees in Islamic Shari`ah and in Law from Damascus University. He then went on to earn his MA degree in Shari`ah and Hadith and his PhD in Shari`ah and Comparative Fiqh from Al-Azhar University, Cairo.

Shaykh Mahomed Shoaib Omar

He has studied the authoritative works of fiqh, across the four Mazaahib, and has specialised in comparative analysis between Islamic and secular law (Fiqh Al Muqarin), and the application of fiqh to contemporary situations, including Islamic commercial and financial transactions.  He has been guided by his revered teacher, the distinguished jurist, Shaykh Taqi Usmani, over the years, in relation to the solution of complex issues, in the field of Islamic Finance.

Mufti Shafiq Jakhura. 

A student of Mufti Taqi Uthmani and a graduate of Madrasa Taaleemuddeen, Isipingo Beach and of Darul Uloom Karachi (Specialization in Fiqh and Ifta) He currently serves as vice-Mufti at the Darul Ihsan Centre and runs the Centre for Islamic Economics and Finance in Durban.