01/10/2025
Al Hilal Shariah Advisors has been appointed as the Conversion Manager for Samba Bank, to oversee its transition from a conventional bank to a full-fledged Islamic Bank in line with the directions of the State Bank of Pakistan and the ruling of the Honorable Supreme Court of Pakistan.
The agreement was signed by Mr. Rashid Jehangir (CEO, Samba Bank) and Mr. Faraz Younus Bandukda, CFA (Chief Executive, Al Hilal Shariah Advisors).
Also present at the occasion were:
Muhammad Ishaq Khan, Abdul Basit, and Syed Wajahat ur Rahman from Al Hilal Shariah Advisors, Samina Hamid Khan (Chief Risk Officer, Samba Bank), M***i Haris Bandukda (Resident Shariah Board Member, Samba Bank)
This collaboration marks a significant milestone in Pakistan’s journey towards strengthening Islamic banking and creating a Riba-free financial ecosystem.
Al Hilal Shariah Advisors, Samba Bank, Islamic Finance , Shariah Compliance, Ethical Finance, Finance, Banking, Compliant Banking