Islamic finance, made precise.
We review products, screen portfolios and train finance teams against AAOIFI Shariah Standards. Our faculty are scholars and Islamic banking practitioners who teach at Bahria University, CUST and the Emirates Institute of Banking and Financial Studies.
Our reviews reference
- AAOIFI Shariah Standards
- SBP Shariah Governance Framework
- SECP Shariah Governance Regulations, 2023
Our faculty teach and practise at
- Bahria University
- Capital University of Science and Technology
- Emirates Institute of Banking and Financial Studies
- Riphah International University
Two practices, one standard
Advisory
For banks, asset managers, listed companies and businesses that need a Shariah position they can defend in front of a board, a regulator or an auditor.
How our advisory works
Academy
Eight professional courses and three corporate workshops, from a first introduction to Islamic finance to clause by clause study of AAOIFI standards.
- Introduction to Islamic Finance6 weeks
- Sukuk Structuring and Issuance6 weeks
- AAOIFI Standards in Depth8 weeks
- Half-Day Zakat MasterclassHalf day
How a Shariah review runs
Every engagement follows the same four stages, so you know what you will receive and when.
Scope
We agree what is being reviewed, which standards apply and the documents we need.
Review
Our scholars read the contracts, process flows and financial statements, and test them clause by clause.
Opinion
You receive a signed opinion with findings, the evidence behind them and the changes required.
Monitor
We check execution over time and tell you when a change in the business or the standards affects the opinion.
كِتَابٌ أُحْكِمَتْ آيَاتُهُ
“A Book whose verses have been made firm and precise.”
Surah Hud, 11:1Ihkam is the work of making something firm and exact. It is the standard we hold our opinions and our teaching to: a ruling should rest on its evidence, name the standard it applies and say clearly what a client must do.
The scholars behind every opinion
Read full faculty profiles
Dr. Zeeshan Rais Khattak
Founder and Chief Shariah AdvisorAssistant Professor, Department of Islamic Studies, Bahria University Islamabad
Daud Khan
Senior Faculty, Islamic Banking and RiskConsultant Trainer, Emirates Institute of Banking and Financial Studies, Dubai
Ikram Ullah
Senior Faculty, Islamic Finance and ResearchLecturer and Academic Officer, Capital University of Science and Technology, Islamabad
Work out your Zakat in rupees
Enter what you own and owe. The calculator applies the silver or gold Nisab at the rate you choose and shows each step, so you can check the working yourself.
Open the Zakat calculatorInsights
All articles
Understanding riba in modern banking
Why a fixed return on a loan is prohibited, and how Islamic banks earn a return without it.
AAOIFI screening: a practical guide
The two tests a share must pass under AAOIFI Shariah Standard 21, and how purification works.
Zakat on shares and mutual funds
The two scholarly approaches to Zakat on equity, explained simply, with what happens at your bank.
Have a product, portfolio or team that needs a Shariah view?
Tell us what you are working on. We reply within one business day with the next steps and what we will need from you.