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H.E. Justice Sheikh Muhammad Taqi Usmani

Leading Scholar of Islamic Jurisprudence

Justice Sheikh Muhammad Taqi Usmani is a leading scholar of Islamic jurisprudence. He is considered to be the intellectual leader of the Deobandi movement. He specialises in Islamic jurisprudence and financial matters and presented a paper in January 2010’s World Economic Forum Annual Meeting at Davos, entitled, “Post-Crisis Reforms: Some Points to Ponder”.


Leading Islamic Finance Scholar

Usmani’s chief influence comes from his position as a global authority on the issue of Islamic finance. He has served on the boards, and as chairman, of over a dozen Islamic banks and financial institutions, and currently leads the International Shari‘ah Council for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in Bahrain. He is also a permanent member of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, one of the highest legal bodies in the Muslim world. 

Economic Catalyst

Usmani is very important as a figurehead in the Deobandi movement—one of the most successful of the Islamic revivalist initiatives of the past century. Usmani was born in Deoband, India, to Mufti Muhammad Shafi (the former Grand Mufti of Pakistan) who founded the Darul ‘Uloom, Karachi, a leading centre of Islamic education in Pakistan.

Growing Influence

As one of the head Deoband scholars, his influence continues to grow as the Deoband school expands globally. His influence has increased over the last few years, particularly due to his central role in the booming Islamic finance field which is expected to continue to expand rapidly in the upcoming years. He also has significant influence over the equally booming global Halal industry serving as as a primary reference for complex issues with his book on Islamic slaughter of animals for food used as a primary reference.

$1.14 TRILThe current worth of the global Islamic financial services market.
33%The growth in the Islamic finace industry between 2010–2012.
When candyfloss costs dear - Financial Times
2013-11-08 18:39:54

Seven long years ago, I had a chance to meet Sheikh Muhammad Taqi Usmani, a Pakistani scholar who is also a leading expert in Islamic finance. It was an unexpectedly memorable conversation. Back then, during the height of the credit bubble, there were ...

Muharram - First Month of the Islamic Calendar - AllAfrica.com
2013-11-08 10:25:24

The late Sheikh Sayyed Sabiq in his book, Fiqh As-Sunnah, states: 'Abu Hurayrah reported: "I asked the Prophet: 'Which Prayer is the best after the obligatory Prayers?' He said: 'Prayer during the mid of the night.' I asked: 'Which fasting ... In a ...

Industry welcomes George Osborne's plan for UK Islamic bond - Financial Times
2013-11-01 13:57:17

In early 2008 the Islamic bond market was severely rattled when Sheikh Taqi Usmani, an eminent Pakistani sharia scholar, said some structures went too far. More recently, Goldman Sachs' sukuk was heavily criticised on several grounds by religious ...

US Urges Judge to Bar Geithner Deposition in AIG Sharia Lawsuit
2010-02-01 00:00:00

Coincidentally, the judge is an Arab American Muslim. Backstories on the AIG – sharia lawsuit here. From ABC News via the AP, who seem to be ...

Tea With Terrorists?
2007-08-09 23:00:00

Homeland Security: President Obama promised lobbyists wouldn't run his White House. They're just doing it from across the street — at a Shariah-compliant ...

“Since wealth is the property of God, humanity does not have autonomy in this ownership but through the specific path He has instituted in the Islamic Shari ‘ah.”

Birth: 5 October 1943 (Age: 70)

Source of Influence:

Influence:Leading scholar for the Deobandis and Islamic finance

School of Thought: ,

Status: Featured in current year

“Since wealth is the property of God, humanity does not have autonomy in this ownership but through the specific path He has instituted in the Islamic Shari ‘ah.”
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$1.14 TRILThe current worth of the global Islamic financial services market.
33%The growth in the Islamic finace industry between 2010–2012.
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