Small is the New Big.

Atif R. Khan
Managing Director

Atif R. Khan is Managing Director at Ethica. Previously he was Director of Islamic Finance at BankT&D. In addition to working closely with Islamic financial institutions on product development, Atif launched Ethica in 2002 while studying the Shariah sciences for five years in Pakistan, the last years of which were spent one-on-one with some of the world's leading Islamic finance bankers and scholars while developing Ethica’s content. Prior to learning about the harms of conventional banking, his earlier finance experience included investment banking at Morgan Stanley in New York and London, executing over $3 billion in transactions in several departments, including mergers and acquisitions, corporate finance, equity capital markets, and debt capital markets. He went on to become Chief Financial Officer of Iprox Limited in London before pursuing his studies in Islamic finance. Atif earned a Bachelor's summa cum laude from the University of Massachusetts, Amherst and a Master's from Harvard University.

Sameer Hasan
Business Director

Sameer Hasan is Business Director at Ethica. Previously he worked as an Internet Consultant at Iniquus, a creative design and software development firm, and subsequently moved to Pan Arab Research Center, a Dubai-based leader in market research and information systems, where he was instrumental in the development, design and marketing of advertising and research tools. Sameer studied Computer Science at St. Stephen's College, Delhi University and brings complementary experiences in the areas of online strategy, project management, brand communication, marketing research and IT.

Zaynab Reza
Business Analyst

Zaynab Reza is a Business Analyst at Ethica. She plays a critical role in researching, reviewing, writing, and editing Ethica's content. Zaynab now also helps market Ethica's services to clients around the world. Previously she worked as a professional teacher. Zaynab received a BBA from the Institute of Management Sciences in Pakistan.

Naeem Nizar
Regional Director

Naeem Nizar is Regional Director at Ethica. The latest member of Ethica's small, passionate team, Naeem is the one who juggles the many tasks that keep the engines running smoothly. Besides liaising directly with numerous individuals and institutions, he actively markets Ethica's services face-to-face at conferences and online that would impress the most tech savvy professional. Previously Naeem worked as logistics supervisor for 5 years in Al Ghurair Group of Companies in Dubai. He received a Bachelor of Business Management from the International College of Law and Business Administration in the UAE.

Ahmed Ali Siddiqui

Ahmed Ali Siddiqui is an Associate at Ethica. He is also Vice President and Manager of Product Development and Shariah Compliance and Secretary to the Shariah Supervisory Board at Meezan Bank where he manages all product development initiatives, formulates policy guidelines, oversees Islamic banking training, and conducts Shariah audits alongside the Shariah Advisor Dr. Imran Usmani. He has been instrumental in launching the bank's car financing and home financing products and continues to advise on a number of other products. Ahmed is actively involved with training and advisory assignments around the world and is a frequent speaker at Islamic finance conferences. Ahmed holds a BBA and MBA from the Institute of Business Administration with six gold medals.

Imran Mufti
Legal Counsel

Imran Mufti is Legal Counsel at Ethica. He is also a lawyer at the Dubai office of Lovells where he specializes in Islamic capital markets. His recent experience includes advising on some of the most high profile Sukuk transactions to date including the US$3.52 billion pre-IPO Sukuk for Nakheel, the US$2.53 billion convertible Sukuk for Aldar, the dual-listed US$750 million Sukuk for Dubai Islamic Bank and the US$600million Sukuk for Dar Al-Arkan Real Estate Development Company (representing the first international Sukuk for a Saudi corporate entity). Imran studied law at the University of London and is qualified as a lawyer both in the United Kingdom and in New York.

Mateen Malik and Mujeeb Ur Rehman
Senior Developers and Technology Advisors (Mansoft Technologies)

Mateen Malik and Mujeeb Ur Rehman are Senior Technology Advisors at Ethica. They are responsible for on-going development and maintenance of Ethica's website. Their relentless efforts keep our systems running 24x7, 365 days a year allowing us to achieve a 99.9% customer satisfaction rating.

Shahid Hussain
Senior Designer and Usability Expert

Shahid Hussain is a Senior Designer at Ethica. He has worked on a number of design-focused independent web products and is passionate about designing engaging user-experiences. He makes Ethica look good by refining and redefining our brand image as we go along.

Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI)

All certifications, examinations, training videos, and quizzes at Ethica Institute of Islamic Finance are based on AAOIFI's latest Shariah Standards. AAOIFI, pronounced "a-yo-fee," is the world's leading standard-setting body for Islamic finance and these standards are the same ones chosen by many of the major financial centres of the world. We are independent of AAOIFI and promote their Shariah Standards because we believe that doing so promotes common global standards, greater Shariah convergence and cooperation among scholars, and increased clarity among financial institutions who wish to better manage their product development and Shariah teams. To learn more about AAOIFI, please go to

Ethica Shariah Standards

Dr. Muhammad Zubair Usmani (Mufti)
Shariah Advisor

Dr. Muhammad Zubair Usmani is a Shariah Advisor at Ethica. He reviews and approves our certification and handles training and consultancy work on a case-by-case basis. As one of the world's leading Islamic finance scholars and a noted expert on AAOIFI Shariah Standards, he also serves as a Shariah Advisor at Muslim Commercial Bank, Pak-Qatar Takaful, and ICAP's Accounting Committee where he oversees the development, execution and compliance of Islamic banking products. He is increasingly involved with a variety of sukuk and private equity related forums around the world and is an active trainer in all areas of Islamic finance. He is a regular featured speaker at the National Institute for Banking and Finance, Jamia Darul Uloom, and the Centre for Islamic Economics, and is an internationally recognized scholar in Islamic finance. He holds the Alamiyyah and Takhassus from Jamia Darul Uloom.

Mufti Ismail Ebrahim Desai
Shariah Advisor

Mufti Ismail Ebrahim Desai is a Shariah Advisor at Ethica. He currently serves as Shariah Advisor to various Islamic financial institutions and educational institutes around the world including Ideal Ratings, Southern African Consultant, Infinity Consultants, Centre for Advanced Islamic Economics, and a number of Islamic investment firms and real estate funds. Mufti Ismail has developed various Shariah auditing, governance and risk management standards for Islamic financial institutions and has issued several hundred expert legal opinions (fatwas) with a special focus on Islamic finance and economics. Mufti Ismail holds a Master's in Islamic Finance, Master's in Islamic Theology and other honorary academic qualifications.

Dr. Ashraf Muneeb
Shariah Advisor

Dr. Ashraf Muneeb is a Shariah Advisor at Ethica. He qualified as a Certified Shariah Auditor and Advisor (CSAA) from AAOIFI, the highest certification possible from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the world's leading Islamic finance standard-setting body. He brings a wealth of practical knowledge accumulated over years of giving fatwas in commercial and personal law, conducting advisory work for establishing an Islamic bank with Ethica, and regularly training professionals and students in Islamic law. Previously, he was Academic Director of the Qasid Institute in Amman and Academic Director of Qibla for the Islamic Sciences where he developed and taught the Islamic finance program. Dr. Ashraf has submitted several peer-reviewed papers to Dar al Ifta in Jordan about stocks and has been published in Aleqtesadiyyah magazine in Saudi Arabia. He graduated with honors from Mahad al-Fath in Damascus, received a MA in Islamic Studies with honors and a PhD in Islamic Studies with honors from Imam al-Ouzai, Beirut, throughout reading several books on methodology and Hanafi jurisprudence with leading Islamic scholars.

Mufti Ibrahim Essa
Shariah Advisor

Mufti Ibrahim is a well-known Shariah Scholar in the field of Islamic banking and Takaful and serves on the board of a number of institutions. He completed his Darse Nizami (Masters in Quran and Sunnah) and Takhassus fil Ifta (Specialization in Islamic Jurisprudence) from Jamiah Darul Uloom Karachi and is a Member of Darul Ifta Jamiah Darul Uloom Karachi. He has authored over two thousand fatwas on topics ranging from Islamic banking to zakat. In addition to his role as Shariah Advisor at Ethica Institute of Islamic Finance, Mufti Ibrahim is Chairman of the Shariah Supervisory Board of Sind Bank; Member of the Shariah Board of Habib Metropolitan Bank; Shariah Advisor at Equitable Financial Solutions Australia; Shariah Advisor at ORIX Leasing Pakistan; Shariah Advisor at EFU Takaful; previously Shariah Advisor at Ernst & Young; and Shariah Advisor at a number of charitable institutions including The Indus Hospital, The Citizens Foundation, Layton Rehmatullah Benevolent Trust, The Hunar Foundation, and others.

Mufti Sarfraz Mohammed
Shariah Advisor

Mufti Sarfraz is a Shariah Advisor at Ethica. He serves as a Shariah consultant to various Islamic institutions including Islamic Finance Advisory & Assurance Services (IFAAS), Halal Monitoring Committee (HMC) UK, and is the vice-chair of the Fiqh Council Birmingham (UK). He is a graduate of Darul Uloom Karachi where he completed the Alimiyyah curriculum for higher Islamic studies. Thereafter he specialized in training as a mufti in the three year Takhassus fi 'l-Ifta course, with the final year of this course including a thesis researched under the supervision of Justice Mufti Muhammad Taqi Usmani which was subsequently published as a book. He also holds a Master's degree with distinction in Islamic Finance, Banking, and Management from Loughborough University in the UK and has completed the Islamic scholar training program in the AAOIFI Shariah standards with the Centre for Islamic Economics (CIE). He currently resides in the UK where he writes and teaches Islamic law and Hadith at As-Suffa Institute.

Tariq Bujasaim
Shariah Consultant

Tariq Bujasaim is a Shariah Consultant at Ethica. He worked as a Senior Shariah Auditor at Dubai Bank where he worked with leading Islamic finance scholars administering and implementing expert legal opinions according to AAOIFI Shariah Standards. He also provided introductory training in Islamic finance to new employees at Dubai Bank. Tariq is involved with developing Ethica's material from both a legal perspective as well as a pedagogical one. He has a degree in Islamic Studies from the College of Shariah and Islamic Studies at the University of Sharjah and a Bachelor's from Stanford University.

Yusuf Jha
Shariah Consultant

Yusuf Jha is a Shariah Consultant at Ethica. Alongside his daily tasks of consultancy and auditing he often presents products and ideas to his Sharia Board. Prior to his current role, he worked for BMB Islamic and Dar Al Istithmar in London. A graduate from the University of Birmingham, UK, he also worked as a Corporate Trainer and Systems Analyst at Accenture. He has received formal training in Islamic wills and inheritance tax and investment planning in the UK; and is qualified as a UK Chartered Independent Financial Advisor (IFA).


Dubai is the region's leading financial centre, and one of the world's leading Islamic financial hubs. With hundreds of financial institutions in Dubai alone, and thousands more in neighboring GCC countries, the city offers an unparalleled opportunity to be at the centre of the global financial markets. Dubai sits between the important Islamic financial markets of London, Bahrain, Qatar, and Kuala Lumpur, with its superior infrastructural, legal, and regulatory standards and its pipeline of landmark financial transactions, Dubai bridges the east and the west like few other major cities in the world.

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