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HE 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 served as Judge of the Shariat Appellate Bench of the Supreme Court of Pakistan from 1982 to May 2002.  He specialises in Islamic jurisprudence and financial matters.

 


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 Shariah 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.

 

Deobandi Figurehead: 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. It is estimated that over 65% of all madrassas in Pakistan are Deobandi as well as 600 of the 1500 mosques in the UK. Deobandis consider themselves orthodox Hanafi Sunnis. They rely heavily on the writings of the 18th century scholar Shah Walliullah Dehlvi.

Writer: He is the Chief Editor of both the Urdu and English monthly magazine ‘Albalagh’, and regularly contributes articles to leading Pakistani newspapers on a range of issues. He has authored more than 60 books in Arabic, English, and Urdu.

 

$1.14 TRILThe current worth of the global Islamic financial services market.
10.000The number of students at Darul Uloom, Karachi.
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: 71)

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.
10.000The number of students at Darul Uloom, Karachi.
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