Alhamdulillah, Mufti Ehsan is one of the rare scholars who share a rare blend of religious and modern education. He has good communication skills along with proficiency in multiple languages. Graduating as a Mufti and a Shariah Scholar, he then achieved a Master’s in Economics and a Master’s in Business Administration with specializations in Finance. In addition to that, he achieved a Bachelor’s in Law and Legislation. This educational combination is quite special; it provides me with an advantage over many others to realize, associate, and harmonize contemporary banking practices with Shariah principles.
He has a cross-functional diversified management background in Islamic Finance, Operation and Business Management, Project Management, and Administration for over two decades; has experience in hands-on people and project management with a rich experience working with the board of directors and senior management of banks, regulators, auditors, and legal advisors.
Alhamdulillah, he has served the Islamic Financial Industry exclusively with institutions such as World Bank-IFC, National Bank of Pakistan, ABL, Soneri Bank, NAFA, Askari General Insurance Company Takaful Window (AGICO), Emirates Global Islamic Bank, now Al Baraka Bank Pakistan, UBL, Yasaar Ltd – UAE & UK, Minhaj Advisory – UAE, and Arif Habib for over a decade now. He has designed various Sukuk, such as the largest Sukuk in Pakistan; Neelum Jhelum Hydro Power hundred billion Sukuk, Fatima Fertilizer, Fauji Fertilizer, Sitara Energy, Sitara Peroxide and IBL. Apart from this, he has achieved the industry’s biggest conversion drive of converting over two hundred (200) conventional branches into Islamic banking branches. This was a total shift from traditional business to Islamic operation with the creation and application of policy, procedure, and training.
He also acted as a member of the Technical Committee for Developing Accounting & Auditing Standard for Islamic Financial Institutions in the Institute of Chartered Accountants of Pakistan (ICAP). As a member of SAF in the State Bank of Pakistan (SBP), where he worked actively with SBP on issues related to Islamic Banks, including Shariah Standard drafting on Shirkat-ul-Milk, typically employed in Housing Finance, Tawarruq, Commodity Murabahah, Treasury, Trade Finance, and Agricultural Financing Products.
He is working at ESAAC on a World Bank-IFC project for developing Islamic Re-Mortgage Finance. He has also worked with the SECP team on Takaful Rules 2012, along with its insurance division.
Apart from this, he teaches courses and sessions on Islamic Banking, Capital Markets, Derivatives, Takafu, and Risk Management at prestigious Business schools like CBM, IBA, and KUBS.