Shariah Advisor

Popular Islamic Modaraba places a strong emphasis on maintaining the highest standards of Shariah compliance and ethical principles. To ensure this commitment, the institution has appointed Mufti Mohammad Ibrahim Essa as its dedicated Shariah Advisor. Mufti Mohammad Ibrahim Essa, an esteemed scholar and expert in Islamic finance, plays a pivotal role in the decision-making process within the institution.

Mufti Mohammad Ibrahim Essa meticulously reviews and assesses all financing proposals that come before Popular Islamic Modaraba, scrutinizing them in light of the Injunctions of the Quran and Sunnah. This rigorous evaluation process is a testament to the institution’s unwavering dedication to operating in full compliance with Islamic financial principles.

Under the guidance of the Shariah Advisor, only those financing proposals that meet the specific criteria set forth by the Quran and Sunnah are approved for financing. These proposals must adhere to the principles of Shariah, ensuring that all transactions are conducted in a manner consistent with Islamic finance guidelines.

One of the fundamental criteria is the requirement that the type of business being financed must be Halal, in accordance with Islamic teachings. This ensures that the investments and transactions facilitated by Popular Islamic Modaraba are in line with the principles of permissible and ethical business activities.