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AAOIFI
Mufti Muhammad Taqi Usmani
Chairman, AAOIFI Shariah Board
🇵🇰 Pakistan|Islamic Finance, Fiqh al-Muamalat
Biography
One of the most influential living Islamic finance scholars. Served as judge on the Federal Shariat Court and Shariat Appellate Bench of the Supreme Court of Pakistan. Authored seminal works on Islamic banking and finance that form the basis of modern Shariah-compliant financial products.
Methodology Preference
AAOIFI Standard 21
Notable Positions
- Strict 5% non-permissible income threshold
- Prohibition on conventional insurance stocks
- Advocates debt-to-market-cap ratio below 30%
Affiliated Organizations
AAOIFIState Bank of Pakistan Shariah Board
Endorsed Frameworks
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