Shariah Basis of Islamic Banking Products
Although his vast research on multiple issues of Shariah Law is spread over in a dozens of books in many languages, the book Introduction to Islamic Finance written by Justice (Retd) Mufti Muhammad Taqi Usmani (Dama Majdohu) is considered to be among consolidated works on the Islamic finance wherefrom the products of Islamic Banks (IBs) have been largely emanated. The book has also been translated by Maulana Muhammad Zahid (Dama Majdohu) in Urdu as Islami Bankari ki bunyaden. The book of Mufti Taqi Usmani has been abridged by the undersigned foe those who want to go through quickly what Mufti Taqi has mentioned about Islamic Finance.
About Author
• Shafiq ur Rahman was born in 1971 in Punjab, Pakistan;
• Qualified Shahadatul ‘Alamiyyah Fil ‘Ulūmil Islamiyyah Wal ‘Arabiyyah, with distinction grade from Wifaqul Madaris al-‘Arabiyyah, Multan, Pakistan, 1992;
• Qualified B.A. from Punjab University Lahore, 1994
• Graduated LL.B. (Honours) Sharī‘ah and Law from International Islamic University, Islamabad, 1995;
• Granted Commission in Judge Advocate General (Law Branch) of Pakistan Navy, 1996;
• While in service qualified LL.M. from University of Karachi, 2001;
• In the year 2008 was selected by Government of Pakistan for LL. M in International Maritime Law at International Maritime Law Institute of International Maritime Organisation (IMO), Malta; Qualified LL.M. with distinction grade, 2009;
• Research scholar for Ph.D. in ‘Islamic Finance’ at Law Faculty, University of Karachi since 2006.
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