Muhammad Taqi Usmani

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NIM 4.42.16.0.22 / PS-IA

Muhammad Taqi Usmani is a Hanafi Islamic scholar from Pakistan. He was born on 5 October 1943 in Deoband, India. He served as a judge on the Federal Shariat Court of Pakistan from 1981 to 1982 and the Shariat Appellate Bench of the Supreme Court of Pakistan between 1982 and 2002. He is an expert in the fields of Islamic Jurisprudence (fiqh), economics, Tasawwuf, and hadith. He also held a number of positions on the Shariah Boards of prestigious Islamic institutions.

In 1958, Usmani passed the Fazil-e-Arabi (Arabic language examination) with distinction, administered by the Punjab Board. In 1959 he graduated from the `Alim course at Darul Uloom Karachi. He then specialised in fiqh (Islamic jurisprudence) under the guidance of his father, the Mufti of Darul Uloom Karachi, Muhammad Shafi, receiving his Takhassus degree (equivalent to a PhD) in fiqh and ifta (issuance of Islamic legal opinions) from Darul Uloom Karachi in 1961, earning the title of Mufti. He graduated from the University of Karachi with a Bachelor of Arts in 1964, then received a Bachelor of Laws with distinction from the University of Karachi in 1967. He received a Master of Arts in Arabic literature, with distinction, from the University of Punjab in 1970.

Usmani pioneered the concept of Islamic banking in Pakistan when he established the Meezan Bank. Usmani has authored a number of books in Arabic, Urdu, and English on Islamic topics in addition to a large number of articles on Islamic banking and finance published in a number of journals and magazines.

He was chosen as the award-winning 2014 Islamic Development Bank ( IDB Prize)with Professor Rodney Wilson of England. Both won the award for the category of Islamic Banking and Finance .

Shaikh Muhammad Taqi Usmani is considered instrumental in encouraging and gave birth to Islamic financial innovation . 

Shaikh Usmani also actively regulates Riba during his career as a judge in the Court of Appeal of Islamic Pakistan.

Not only in Pakistan , sharia scholars is also actively advising and overseeing the Shariah Council of Islamic financial institutions in the Islamic world , Europe , USA as well as the Chairman of the Board of AAOIFI Shariah Standards ( Accounting and Auditing Organization for Islamic Financial Institutions ) .

Usmani was awarded when the Annual Meeting of the IDB Board of Governors of the 39th was held 22-26 June 2014 in Jeddah , Saudi Arabia .