The Board of Directors of BankIslami comprises of eminent representatives. These include Chief Justice (R) Mahboob Ahmed, Mr. AbdulHakim Binherz, Mr. Abdulla Abdulkarim Showaiter *, Mr. Ali Raza Siddiqui, Mr. Ali Hussain, Mr. Fawad Anwar, Mr. Hasan A. Bilgrami and Mr. Shabir Ahmed Randeree.
Please click on the following for details of the members of our Board of Directors:
Chief Justice (R) Mahboob Ahmed is the Chairman of the Board of Directors of the Bank. Mr. Mahboob Ahmed graduated from University of Punjab and completed his LLB in 1957. He practiced at the Bar of Lahore High Court and Supreme Court of Pakistan for 22 years particularly on the constitution and commercial sides. Mr. Mahboob Ahmed was appointed Judge of Lahore High Court in 1978 and became Chief Justice in 1990-91. He also has been the Chief Justice of Federal Shariat Court of Pakistan in 1997. He has also served as the acting Governor of Punjab. During his tenure as judge of Lahore High Court he was the first original side judge on the Banking Jurisdiction and also the Company Judge and Chairman-Election Authority. He also represented Pakistan in a number of conferences in the Middle East, Far East and Europe.
Mr. Mahboob Ahmed has been on the Board of Directors of Jahangir Siddiqui & Co. Ltd. since October 31, 2002. He is also the Director of Azgard Nine Limited.
Mr. Abdul Hakim Binherz is the General Manager Legal Affairs, Compliance and Fraud Prevention & Investigation at Emirates NBD, U.A.E. Mr. Binherz has over 20 years of banking experience in Correspondent, Corporate & Retail Banking and management of legal and compliance affairs.
Before his current position, he was heading the International Banking division of the Bank. He also held the position of Country Manager, Emirates Bank International’s branch (now Emirates NBD, United Kingdom branch) in London, UK.
Mr. Binherz holds a Masters degree in Law from University of Northumbria, U.K. and also holds Bachelors degree in Law from Al Beirut Arab University, U.A.E.
Mr. Abdulla Abdulkarim Showaiter is the Deputy CEO and General Manager Corporate Banking at Emirates Islamic Bank PJSC, U.A.E. Mr. Showaiter has over 34 years of banking experience in Credit, Corporate & Investment Banking.
Before his current position, he worked in the Corporate & Investment Banking division of the Bank. He has also held various positions in Dubai Islamic Bank.
Mr. Abdulla holds a Bachelors degree in Electronic Engineering from Baghdad University. In addition to this, he has attended various courses and seminars.
He is a Board member in numerous financial institutions and companies such as Khaleeji Commercial Bank BSC, Taaleem PJSC, First Energy Bank, Bahrain, Emirates Islamic Financial Brokerage LLC, Al Salam Bank, Sudan, Mada’in Properties, Dubai, Al Mahraab Real Estate Company, Kuwait, Ethmaar Real Estate Company, Dubai, Awfaq & Minor Affairs Foundation of Government of Dubai, and Arab Drilling & Workover Company, Libya.
Mr. Ali Raza Siddiqui joined JS-Investments as an Executive Director in 2005. Previously, he was Assistant Vice President at AIM Investments, a wholly-owned subsidiary of AMVESCAP Plc in Houston, U.S.A. At AIM, Mr. Siddiqui was part of a Five-person team responsible for the management of US$ 60 billion in mutual fund assets.
Mr. Siddiqui holds a Bachelors Degree from Cornell University, USA, with double majors in Economics and Government.
He is the founder and Managing Director of Saj Capital Management Limited, BVI, a family office based in Singapore having strategic investments in financial sector in Pakistan, Europe & USA. Mr. Hussain has previously worked at Conics Technology Private Limited, Singapore, Conrac Technology Inc, USA, Hewlett Packard, USA and Fairchild Semiconductors, USA.
He has overall 38 years of profession experience and specialize in incubating, acquiring and managing technology companies and converting them in growth champions in Singapore, USA, Germany, UK and Canada.
Mr. Hussain has done his M.S in Electrical Engineering from Stanford University, USA and B.S in Electronics Engineering and also in Electrical Engineering from California State University, USA.
Mr. Fawad Anwar is the Managing Director of AlKaram Textile Mills (Private) Limited, which is part of one of the most renowned Business groups in Pakistan, the AlKaram Group. Mr. Anwar serves as an Independent Director on BankIslami’s Board.
He has over 20 years of professional experience. Mr. Anwar has done his MBA from Drexel University, USA and BBA from Temple University, USA.
He is also a Board member in Astro Plastics and Al Habib Capital Market (Pvt) Limited.
Mr. Hasan A. Bilgrami is the Founding Chief Executive Officer and
Director of BankIslami. His association with BankIslami started as a
consultant to the sponsoring shareholders right at the inception of the
project where he was responsible for developing the business plan,
arranging permissions, staffing and capital raising. Previously he
worked as the Head of Asset Management with the National Investment
Trust (NIT), as Country Manager Consumer Banking & Corporate Business
with Gulf Commercial Bank, as General
Manager Corporate Finance with ORIX Investment Bank and as Director and
Head of Corporate Finance with Khalid Majid Husain Rahman, then a member
firm of Deloitte & Touche. Mr. Bilgrami has overall 22 years of
Mr. Bilgrami has hands on experience in structuring Islamic modes of
financing while he worked as a Secretary of the Financial Instruments
Committee of the Islamic Finance Commission. His specific task was
development of model financial instruments that could be used by the
financial services industry in Pakistan. The scope of work not only
included both asset and liability side products, but also included areas
such as risk management and capital adequacy. Model agreements were also
part of the mandate. His work of model agreements has been approved by
the Shariah Board of the State Bank of Pakistan and has become the
He is a Director on the Board of BankIslami's subsidiary, BankIslami
Modaraba Investment Limited, Director of KSB Pumps Limited as well as a
Chairman of its Audit Committee and he was also the President of the National Council of the
Institute of Cost and Management Accountants for the term 2009-11, Director of Pakistan
Institute of Corporate Governance and a member of the Institute of
Capital Markets, Pakistan.
He has also been a Director on boards of PICIC, Soneri Bank Limited,
Crescent Commercial Bank Limited, Fauji Fertilizer Company Limited and
National Refinery Limited.
Mr. Bilgrami graduated in Commerce from Karachi University and is a
Fellow member of the Institute of Cost & Management Accountants of
Pakistan since 2003. He became a Fellow of the Canadian Securities Institute in 2001.
Mr. Shabir Ahmed Randeree is a principal and CEO of the family concern , a worldwide group with core business interests in Finance and
Property & Investments. He has over 25 years of experience of a broad
array of real estate investments, including the development, acquisition
and management of offices, hotels, retail space and residential
He has been the Managing Director of the family concern since 1992 and
previous to this he was a founder member and Managing Director of
Warrenby Limited, a business involved in International Trade Finance and
Real Estate Commercial Investments in the UK. He also has worked in the clothing import and
export business with Dominion Clothing Distributors Limited where he was
the Sales and Finance Director in the mid 1980's.
Mr Randeree holds a number of Directorships, including being a Director
of the Al Baraka Bank Limited of South Africa and European Islamic
Investment Bank Plc in UK. Mr. Randeree is also on the Executive
committee of BMRC (a Charity related to the Ethnic Minorities Foundation
UK) and Trustee for the British Edutrust Foundation, chaired by Lord
Mr. Randeree has done his BA Honors in Accounting and a post graduate