WHO WE ARE
S.M. Suhail & Co., Chartered Accountants (the SMSCo, the Firm), was established on November 1, 1983, under the Chartered Accountants Ordinance, 1961. The firm was initially founded by a senior partner who offered professional services under his own name. Over time, additional partners joined the firm through formal partnership agreements, each contributing their unique expertise and experience to its growth.
Since its inception, SMSCO has steadily expanded its professional scope and capabilities, earning recognition from key regulatory bodies, Government and Semi-Government institutions, the Institute of Chartered Accountants of Pakistan (the ICAP), and global professional networks.
Today, SMSCO operates from seven offices—four within Pakistan and three international locations – reflecting its sustained growth and evolving presence in both local and international markets.
Memberships / Affiliations:
S.M. Suhail & Co., Chartered Accountants is a:
- Network Firm of SGA World, International network of independent audit, legal, accounting practices.
About SGA World
SGA World is an international network of independent firms offering audit & assurance, taxation, accounting, legal and other ancillary services in management consulting and corporate finance around the world. Its Headquarters is based in London. Based on the quality standards of our services it has awarded its exclusively networking rights to S.M. Suhail & Co., Chartered Accountants for overall Pakistan.
SGA World has its presence in Africa, Asia, Europe, and Middle East, whereas they are currently spreading exclusive networking firms in Central America, North America, Oceania, South America, and the Caribbean. Its member firms possess and share similar values and quality. They all cater their services to various types of clients from small and medium sized businesses, fast growing enterprises, multinational subsidiaries and branches, international companies or organizations and charity or not-for-profit organizations.
SECP
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State Bank of Pakistan
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ICAP / ICAEW / ACCA
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OTHERS
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Statement of Compliance of Code of Ethics
S.M. Suhail & Co. Chartered Accountants is in compliance with all Professional Code of Ethics issued by the International Federation of Accountants (IFAC) and the Institute of Chartered Accountants of Pakistan (ICAP).
OUR RECOGNITIONS
- Enlisted with the State Bank of Pakistan (SBP) on the panel of Auditors.
- Enlisted with the Securities and Exchange Commission of Pakistan (SECP) as an approved Auditor for conducting Audits of all Regulated / Licensed Companies, including Insurance, Takaful, Securities, NBFCs, Investment, Commodities, Futures Brokers, etc.
- Enlisted with the Audit Oversight Board (AOB), who monitor the audits of the Public Interest Companies.
- Enlisted with the Central Depository Company of Pakistan Limited (CDC) as their approved agents for performing compliance engagements.
- Enlisted on the Panel of Auditors of Pakistan Stock Exchange (PSX) and the
- Pakistan Mercantile Exchange (PMEX) for the system audits.
- Approved Shariah Compliance Auditor.
- Having satisfactory Quality Control Review (QCR) rating since 2021, from the Institute of Chartered Accountants of Pakistan (ICAP) for the last fourteen years
- Registered as an Authorized Intermediary with the Securities and Exchange Commission of Pakistan to communicate and interact on behalf of clients.
- It also has a separate Sharia Audit & Sharia Advisory Services Division to provide assurance & consultancy services to Takaful Operators and Islamic Financial Institutions.
- Takaful (Islamic insurance) Consultant and Trainer.
- The firm has a strong I.T. division headed by a CISA qualified and a substantial individual and collective experience of serving clients that are categorically classified as sole proprietorships, partnership firms, private and public limited, listed and unlisted companies in major areas of its practice domains
- The firm has been engaged in providing training, as approved trainer of the ICAP, as well of the ICAEW and, of the ACCA as a Gold Employer to the trainee students
- Network Firm of SGA World, International network of independent audit, legal, accounting and consulting firms around the world.
- Presence at seven locations, Head office in Karachi, and six branches – Islamabad, -Lahore -Bahawalpur (LO), -United Arab Emirates -Canada – Australia.
OUR PARTNERS
S.M. Suhail, FCA
Auditing, Taxation, Corporate, Advisory, Insurance & Takaful - Managing Partner
He is the most Senior Partner, working as a Managing Partner, with 11 other Partners of the Firm. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP) and a Fellow Member of the Pakistan Institute of Public Finance (PIPFA), a Member of the Karachi Tax Bar Association, and a Member of Chartered Accountants, Global. He has above 38 years of diversified professional and industrial experience, and he is responsible for overall operations of the firm.
He had also worked with the KPMG Pakistan, and EY Pakistan, Chartered Accountants. During his tenure with the prestigious Firms, he lead the audits and other professional services, insurance, Takaful, brokerage, mutual funds, listed and large size companies, national and multinational companies, banks and non-banking financial institutions, and other entities.
Key Areas of Personal Experience
Audits
- Statutory audits & assurance, of Listed, Public Interest, Public Sectors, Large, medium, and small Companies
- Special audits of various types of entities, for different purposes.
- Statutory audits of insurance and Takaful companies.
- Shariah audits of Takaful companies and other business entities.
Taxation
- Tax planning and advisory, for Income tax, sales tax, and sales tax on services.
- Contesting of taxation cases before the Commissioner of Inland Revenue, Tribunal, High Court, and the Supreme Court.
I.T. Reviews, System Audits, and Advisory
- Has been engaged in the validation of software, System Audits, and other IT implementation and reporting MIS services.
Advisory and Consulting
- Business advisory, restructuring services, including internal audit, HR services, and fixed assets management system and its valuation.
- Many other professional consulting services, to the clients, including dispute resolution, family matters, and others.
Corporate and Secretarial Practices
- Incorporation, merger winding up of public, private limited liability companies.
- Contesting for the clients, for the corporate cases before the Commissioner SECP, and before the Appellate Bench of the SECP.
- Contesting cases before the High Court in association with Advocates.
Mashkoor Ahmed, FCA
Partner of Audit & Assurance – Taxation - Advisory
Mashkoor Ahmed has twenty five years of experience and has worked with KPMG Pakistan, the P&O Ports & Shipping, DP World Container Terminal, and large local and international industrial conglomerates at Senior Leadership positions.
He is a Fellow Member of the Institute of Chartered Accountants of Pakistan (the ICAP) and a Fellow Member of the Institute of Chartered Secretaries and Managers Pakistan, and a Member of Karachi Tax Bar Association. He is also a Member of the ICAP Economic Advisory Committee and, Fiscal Laws Committee.
He has a remarkable experience with a diversified business portfolio and strategic investments across multiple industries with multinational and large conglomerates. Developed and executed long-term strategic plans that successfully turned around multiple groups of companies.
He was engaged in a diverse range of businesses a leadership role in corporate, finance, and business management, with responsibility for the overall financial health of the companies, business strategies, financial and corporate planning, Information Technology, human resources, developing organizational capability, and implementing a business performance management system.
He also has experience in the incorporation, merger, and acquisition of various limited liability companies, business valuations, assurance services, internal audits, corporate and individual taxation planning, and handling cases till the Appellate Tribunal level, strong knowledge of corporate and business advisory services.
Arqam Ayubi, FCA, FCMA, CISA
Partner of Assurance, Insurance, Takaful, and Risk Advisory Services
Arqam Ayubi is a seasoned and dynamic chartered accountant and management accountant, in the field of Assurance, Risk Advisory Services, and Taxation with more than 24 years of experience.
Prior to qualification, he served four years training with a top ten chartered accountancy firm. Since 2002, after getting chartered accountancy and cost and management accountancy qualifications, he worked in various capacities and roles in the practicing businesses, including around 3 years with KPMG Oman, 2 years with Deloitte Ireland, 9 years with Crowe Global Oman, and around 4 years in BDO Pakistan, including 2 years as a Partner Assurance Services.
Arqam Ayubi is technically critical and a detail-oriented professional, worked as a partner in BDO Karachi Office and, earlier he has been involved as engagement partner or engagement review partner and team-lead role in various-sized businesses of economically significant entities such as state owned enterprises and corporations, large entities and SME clients of diverse sectors such as financial services industry including banks, insurance companies, leasing companies, NBFCs, investment management, mutual funds, securitizations, manufacturing, oil and gas (upstream and downstream), power, textile, construction, entities not-for-profit, foreign branches, software houses, IT service, trading etc. He is well-experienced in managing a large portfolio of audits, internal audits, and assignments independently with an end-to-end client service delivery on a regular basis.
He is strong at fostering client relationships and business by providing a value and trust-oriented service to the clients. He participates as a team leader and IT auditor in performing and managing IT audits and IT advisory assignments. He participated in various sub-committees formed by ICAP.
As a partner in Karachi Office of S.M. Suhail & Company, Chartered Accountants, Arqam Ayubi is serving and providing solutions to a portfolio of audit, risk advisory, and tax clients across various industries.
Owais Ahmed Abbasi, FCA
Partner of Audit & Assurance – Taxation - Advisory
He is a Fellow Member of the ICAP and has 35 years of diversified experience of Industries and professional services, including statutory audits, banks audits, and audit of many other industries.
He also has serves as a Senior Vice President (Finance), and has experience of funds planning, its arrangement, banks dealing and allied services from time to time in his career, in profession and for many industries.
- Banking: Maintaining cordial business relations with the Banks / DFIs, with finance limits of more than PKR. 30 B at the most competitive cost. Preparation of Feasibilities and Forecasts for different business. Arranged necessary approval from Banks on Merger of group companies.
- Taxation planning and ensuring compliance with all the income tax laws.
- Preparation of Income tax returns of Companies and Directors with proper planning to minimize the tax burden.
- Preparation of Financial Statements with proper disclosure requirements, as per law and applicable standards. Facilitate management in making complex business decisions.
- Managed and supervised the Internal Audit function with the in-house team and outsourced. Developed an internal audit manual and the SOPs and reviewed the Workers Strength and provided related HR decisions.
Nasir Mehmood, FCA
Partner of Audit & Assurance - Taxation - Advisory
He is a Fellow Member of the ICAP, an Associate Member of The Institute of Corporate Secretaries of Pakistan, a Fellow Member of the Institute of Costs & Management Accountants of Pakistan, and LLB, and Member Karachi Tax Bar Association. He has a vast experience of above 25 years in auditing, tax, corporate, advisory and other professional services.
He is a Principal in Nasir Mahmood & Co., Chartered Accountants.
Has served as Manager Cost and Inventory Control in Ahmed Foods Industries (Pvt) Limited, Group Manager Accounts in Continental Footwear Industries (Pvt) Limited, and Senior Manager in Khalid Majeed Husain Rahman – a member firm of Deloitte & Touché.
Expertise in Audits, Internal audit and system review, Corporate consultancy, Sales tax & Income Tax Matters, Commercial banks, Leasing, Modaraba Companies, Textiles, Leather, Oil and gas, Telecommunications, Transportation, Foods, Travel Agencies, Coal mines, Educational Institution and schools, Distributer- Muller & Phipps.
Sohail Ahmed, FCA
Partner of Audit & Assurance - Taxation - Advisory
He is a Fellow Member of the ICAP and has over 30 years of diversified experience of Industries and professional services, including statutory audits of many entities, of different industries.
He also has experience of taxation services from planning, ensuring compliance with all the income tax laws, submission of returns, contesting client cases before the Commissioner IR, Commissioner Appeals and Appellate Tribunal, for the cases of his clients.
He also has been engaged in HR related services, payroll processing and alliedservices for his esteemed clients.
Mr. Sohail Ahmed also has strong experience of advisory services, for business growth, and advisory restructuring of entities for improving the business.
He has been provided with services, for preparation of financial statements, various entities, with proper required disclosure requirements as per law and applicable standards. He has facilitated certain clients in making complex business decisions, for his certain clients.
Muhammad Mehran Ur Rashid, ACA
Partner of Audit & Assurance - Taxation - Advisory
Certified Director | Law Graduate | Associate Member of ICAP
Mehran is a seasoned Chartered Accountant and Certified Director with a comprehensive background in taxation, auditing, advisory, and ERP implementations. He has joined S.M. Suhail & Co., Chartered Accountants, as a Partner, bringing with him a strong track record of professional excellence and leadership.
Since 2022, Mehran has also served as a Partner at Z. M. T. & Co., Chartered Accountants, where he played a pivotal role in expanding the Firm’s service portfolio and strengthening client relationships across diverse industries.
In addition to his core accounting and audit credentials, Mehran holds a Law degree, equipping him with a unique ability to bridge legal insight with financial advisory. His integrated approach has proven instrumental in resolving complex tax matters, regulatory compliance, and ERP system deployments.
Mehran is recognized for his strategic thinking, attention to detail, and commitment to delivering value-driven solutions to clients. His experience spans a wide range of sectors, making him a versatile and dependable advisor for businesses seeking practical, compliant, and forward- looking financial guidance.
Ahmad Usman Shabbir, FCA
Partner of Advisory and Taxation Services
He is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) and has above 28 years of experience in Statutory Audits, Accounting, Taxation, Corporate and Management Consulting services, for financial management, assurance, income, and sales tax services.
He has been engaged in audits of many institutions, including companies in the service as well as energy, textile, food, media, and oil and gas sectors.
He is also engaged as a consultant in the implementation of software for the Entrepreneurs Resource Planning. He is also actively engaged in providing taxation services at the Tribunal and High Court, for contesting the clients’ cases to get a positive conclusion.
Muhammad Faiz-ur-Rahman, FCA
Partner Audit & Assurance, Taxation and Corporate Services
Muhammad Faiz-ur-Rahman has 40 years of professional experience, which includes 17 years of working for international companies. He graduated in commerce from the University of Peshawar, securing first position in the university. He qualified as a Chartered Accountant from the Institute of Chartered Accountants of Pakistan in 1984 and is a fellow member of the Institute. He is also a qualified member of the Chartered Institute of Public Finance and Accountancy UK. He is also a member of the Rawalpindi-Islamabad Tax Bar Association.
He completed his Articles with A. F. Ferguson & Co. Chartered Accountants, a leading firm of chartered accountants in Pakistan and an affiliate of PWC International.
Mr. Faiz has worked in senior finance positions of large industrial and commercial organizations in Saudi Arabia and Kuwait before returning to Pakistan in 2004. In Pakistan, he has worked for PTCL as Senior Executive Vice President (Finance) and CFO. He played a key role in the privatization process of PTCL and had been on the boards of its subsidiaries and affiliates. He has also worked at senior management positions in the Securities and Exchange Commission of Pakistan (SECP).
His areas of specialization include Audit and Assurance, Business Advisory, Enterprise Risk Assessment and Management, Financial Management, Business Process Re-engineering, Accounting Systems reviews and automation, implementations of ERP systems, Tax Planning and Compliance, Internal Auditing and Special Assignments.
Syed Zakir Ali, FCA
Partner of Advisory and Corporate Services
He is a qualified Chartered Accountant, FCA, being an Experienced Professional above 26 years, having vast Knowledge of On-Line working and multidimensional skills. During his term of services, he has been involved in various assignments related to followings:
- Audit and assurance,
- Business consulting and financial advisory,
- Corporate affairs and strategic planning,
- Corporate and personal taxation,
- Sop development and internal audit.
Muhammad Furqan Uddin, FCA
Partner - Insurance, Takaful, Advisory and Audits
His external audit career includes engagements with major entities in oil & petrochemicals, cement, livestock, wealth management, insurance, asset management, textile, banking, and other financial institutions.
He possesses a deep understanding of insurance accounting standards, regulatory frameworks, and compliance requirements, having successfully led the implementation of several regulatory changes. Appended below is the summary of my engagement with the insurance industry:
| Company Name | Engagement Type | Year |
|---|---|---|
| Med Gulf – Qatar | External Audit Engagement | 2026 |
| Adamjee Life Assurance | Finance Function Engagement | 2018–2025 |
| Adamjee General Insurance | Internal Audit Engagement | 2013–2018 |
| Dawood Takaful | Internal Audit Engagement | 2008–2011 |
| Prime Insurance | External Audit Engagement | 2001 |
He had represented my organization at key industry forums, including the Insurance Association of Pakistan, the Securities and Exchange Commission of Pakistan (SECP), and the Institute of Chartered Accountants of Pakistan (ICAP). Additionally, he was an active member of the IFRS 17 Working Group formed by the insurance regulator.
Core Competencies:
- Finance operations management, budgeting, and forecasting
- Investment and taxation functions
- Internal and external audit
- Corporate governance and regulatory compliance
- Risk management framework development, risk appetite, risk indicators, heat map, and implementation of the Risk Management system
- Consulting and strategic financial planning, including capital and liquidity planning
- Expert in driver-based Financial Modelling, including 3-statement models (P&L, Balance Sheet, Cash Flow) with integrated working capital and financing schedules
- Good at scenario and sensitivity analysis, considering key value drivers, stress tests, and management dashboards for decision-making
- Expert in designing key business performance indicators and MIS Dashboard, company-wise, segment-wise, etc., helpful for management decision-making and performance review
Muhammad Kamran Khan
Director
He is a qualified Chartered Accountant from ICAP Pakistan and CPA from Australia. He has multi- dimensional experience and has held key positions in different groups of companies. His vast experience will be highly beneficial for business advisory services to our esteemed clients.
Being a finance executive is more than just having strong knowledge of accounting and financial concepts. It requires gaining insight into how an entire company and its industry work, so we can lead and drive profitability and competitive edge. It means wearing many hats, thinking strategically about investments, and working closely with every department of the company. It is a cog in the wheel that keeps a company running on a day-to-day basis, aligned with strategic initiatives.
As a CPA-certified Head of Finance, he saved time and money for family-owned, listed global giants and multinational companies by building critical financial and operational infrastructure, supporting Boards and executives with new business acquisitions and complex integrations, and implementing robust controls to drive market expansion.
Here is a reflection of how he has driven growth and change profitably:
Commercial Growth
- Worked closely to boost profitability by reviewing processes, strategies, finance, and resource utilization.
- Partnered with the MD in the growth of the business by acquiring and establishing new businesses while improving the profitability of existing ones.
- Partnered with the CEO and ELT in developing a 3-year strategic growth plan to increase market share, sustain profit, and improve liquidity.
Financial Governance
- Managed foreign exchange risk and related costs through robust hedging practices and reduced fuel costs by implementing the inter-industry practice of claiming FTC.
- Improved cash flow by reducing receivables and aligning outflows with seasonal inflows through robust cash flow forecasting and planning.
- Increased return on investment in debtors by revising credit days based on customer profitability.
- Maintained profitability during the growth phase by implementing strict cost control.
One of the greatest and most challenging elements of being a finance leader is leveraging technology (existing and emerging) to find the right-fit solutions to improve internal controls, decision-making, and reporting.
Our Audit Managers
1. Muhammad Adil ACA, ICAEW
Mr. Muhammad Adil, ACA, ICAEW, has been working with us for over a decade and obtained membership of the Institute of Chartered Accountants in England and Wales (ICAEW) in November 2020, and is serving as Manager, Audit in the Firm. His remarkable achievements, experience, and abilities in the IT sector as the youngest CISA qualified person, are a very important combination in this new era, where life without IT and automation gets paralyzed.
2. Muhammad Haris, FCA,
Mr. Muhammad Haris, FCA is a Fellow Member of the ICAP and has 24 years of diversified experience in professional and industrial services. He has performed various professional services, including statutory audits and audits of many diversified industries.
He also has served as a Senior Director of Finance, and has experience in funds planning, its arrangement, banks dealing, and allied services in his career, in the profession and for many industries.
He does perform the management and supervision of certain special audits of the Firm as required.
3. Adnan Sheikh, FCA
Adnan Sheikh is a Senior Manager, and Fellow Member of the Institute of Chartered Accountants of Pakistan, (the ICAP). He has over 26 years of diversified professional and industrial experience, and he is responsible for certain special assignments, professional services and activities of various clients including a few of UAE.
He had also worked with the Ford Rohd Pakistan, Chartered Accountants. During his tenure with that prestigious Firms, he led the large size audits and other professional services, leasing, insurance, brokerage, mutual funds, listed and large size companies, national and multinational companies, and textile industries
OUR ADVISORS’
Atiq Anwar Mahmudi – FCA
Senior Advisor
Mr. Atiq A. Mahmudi, by profession, is a Fellow member of the Institute of Chartered Accountants of Pakistan and a Law Graduate.
He has over 47 years of diversified experience working as Chief Financial Officer, Chief Internal Auditor, Chief Information Officer, and Company Secretary with local and foreign companies, including 27 years with Jubilee General Insurance Company Limited. He was also the Managing Partner of a firm of Chartered Accountants for over 7 years.
Muhammad Kashif Siddiqee – FCA
Sharia and Takaful Advisor
A Fellow Chartered Accountant from BDO Pakistan with an extensive and diverse experience of more than 15 years coupled with an in-depth knowledge of the insurance & corporate laws, regulatory practices and the recent changes in the international accounting and financial reporting standards specially pertaining to the Insurance and Takaful Sector.
He is also a fellow member Pakistan Institute of Public Finance Accountants. He is Certified Internal Control Auditor (CICA) from US. He has completed his Post Graduate Diploma (PGD) from Center for Islamic Education (CIE), Dar ul Uloom, Karachi in Islamic Banking, Finance and Takaful. He is Certified Sharia Compliance Auditor from Sheikh Zayed Islamic Center, Karachi.
He is faculty member of Center of Islamic Education (Dar-ul-uloom, Karachi, Bait-ul
-Mukarram Campus) for Takaful Courses pertaining to the areas of Takaful Legal Compliance and Takaful Accounting. He also has been visiting as a guest speaker in the Institute of Business Managements (IoBM) Karachi, for conducting the Takaful Course in aforesaid areas to MBA students.
Kashif served as a Joint Director, initially in the Enforcement Department, Islamabad and then Insurance Division, Karachi as a Head of the Supervision Wing of the Securities and Exchange Commission of Pakistan for more than 6 years. He played a leading role in the formulating and drafting of the Takaful Rules, 2012, which were promulgated in the month of July 2012.
During his tenure he served as a member of:
- The Oman Capital Market Authority, (Company House of Oman), in revamping of Takaful, Insurance and other related Laws, Rules and Regulation for Government of Oman.
- The Sharia Advisory Board of the SECP.
- Insurance Committee of the Institute of Chartered Accountants of Pakistan (ICAP) for the development of the Accounting Regulations for conventional insurance and takaful sectors.
- SECP – SBP Joint Forum on Islamic Finance
- The International Accounting Standards Committee of ICAP
- Sub-Committee of the SECP – SBP Task Force on Assessment of Financial Conglomerates
- Regulatory Reforms Sub-Committee of the Insurance Industry Reforms Committee
Mufti Ehsan Waqar
Sharia Advisory Services
Mufti Ehsan is among the few scholars who possess a unique combination of religious and contemporary education. He has strong communication skills with fluency in several languages. He graduated as a Mufti, achieving Masters in Traditional Islamic Studies. Later he accomplished Masters in Economics and Masters in Business Administration with majors in Finance. Currently he is pursuing Bachelors in Law. This unique blend of educational combination gives him an edge upon many others to understand, correlate and align modern day banking practices with Sharia principles.
He has served Islamic Financial Industry with institutions like Emirates Global Islamic Bank now Albaraka Bank Pakistan, UBL and Yasaar Ltd, where he worked on developing and advising Liability, Asset, Trade Finance and Treasury Products. He has also advised and developed Sukuk structures in Pakistan. He has been involved in advising and research with the Islamic financial industry globally.
Currently he is advising Pakistan’s largest Bank, National Bank of Pakistan. Mufti Ehsan is also a member of the Technical Committee for Developing Accounting & Auditing Standard for Islamic Financial Institution at Institute of Chartered Accountants of Pakistan (ICAP) and member Islamic Capital Market Development Committee at KSE. To date the committee has developed accounting standards on Murabaha, Ijarah and Profit and Loss sharing on Deposits. He has also been nominated as a sub-committee member for developing Reporting Framework for Presentation of Financial Statements for Islamic Financial Institutions.
As member of Sharia Advisers Forum at State Bank of Pakistan (SBP) he also work actively with SBP and has been nominated to several sub-committees formed by the SBP Sharia Board for Islamic Banking matters in Pakistan, including committee for Sharia Standard on Shairkat-ul-Milk, Tawarruq, Commodity Murabaha, Treasury, Trade Finance and Agricultural Financing Products.
Mufti Ehsan conducts courses of Classical Jurisprudence, Islamic Finance and Risk Management at Traditional Islamic Universities and Modern Business Schools. He frequently contributes in different international and local periodicals and conducts programs on local TV channels
Muhammad Samiullah
Modaraba Specialist
Mr. Samiullah holds a Post Graduate Diploma in Islamic Banking, Finance & Takaful from Darul Uloom, Karachi. He also holds a Master’s degree in Economics from Karachi University; Diploma from Institute of Bankers in Pakistan and he is also a Law Graduate. By profession he is a banker and has worked in Habib Bank Limited (HBL) in different disciplines for about 27 years. His last posting in HBL was as Vice President & Company Secretary, First Habib Bank Modaraba. He also officiated as Chief Executive of First Habib Bank Modaraba for quite some time.
He is currently associated with NBFI & Modaraba Association of Pakistan as its Secretary General. From the platform of the Association, he has organized a number of workshops/seminars on different topics relating to the NBFI and Modaraba Sectors.
Sami is an active Member of FPCCI Standing Committee for Islamic Banking & Takaful. He is also a Member of Arbitration Panel of Karachi Stock Exchange.
Sajjad Ashraf Usmani
Shariah Scholar | Shariah Advisor & Auditor | Islamic Finance Expert
He has been Associated as an Independent Sharia Scholar in our Company.
Sajjad Usmani is a Certified Shariah Advisor & Auditor (CSAA, AAOIFI – Bahrain) with over 15 years of experience in Shariah consultancy, Islamic banking, Takaful, Sukuk structuring, and Shariah auditing. He currently serves on the Shariah Board of National Bank of Pakistan (Aitemaad Islamic) and provides Shariah advisory and audit services to leading financial institutions in Pakistan, Oman, and the UAE.
He has worked extensively with PwC, Deloitte, and various Takaful companies, conducting Shariah audits of banks, insurance firms, and Sukuk issuances. His expertise covers product development, Shariah compliance, and advisory for corporate and financial transactions.
In addition to consultancy, Sajjad Usmani is a Fatwa writer and faculty member at Jamia Darul Uloom Karachi under the supervision of Mufti Muhammad Taqi Usmani. He also teaches at IBA-CEIF, CIE, and PAF-KIET.
Fluent in Arabic, English, and Urdu, he is committed to providing Shariah-compliant solutions across financial and corporate sectors.