Guided & supervised the research team that developed Major Islamic Banking & Financial Products with the precepts of Pakistani Financial Markets’ laws & regulations. The Major Products developed in this regard in the recent past include:
- Transformation structure for the Deposits (i.e. Liability side) of the bank from the Islamic financial Mode of Musharakah to Mudarabah.
- Murabaha, A Shariah Compliant Financing product for short term & Medium term financing, developed for AL Meezan Investment Bank & UBS AG.
- Ijarah, A Shariah Compliant Financing Product for long term financing & Consumer financing, developed for Al Meezan Investment Bank Limited & Pak Kuwait Investment management limited.
- Diminishing Musharakah, An Alternate for conversion of Interest based financing into Shariah Compliant Financing, developed for Al Meezan Investment Management Bank Limited.
- Salam & Istisna, Financing Products developed for forward delivery of goods where some manufacturing is involved and is used as an alternate for conventional bill discounting product, developed for Meezan Bank Limited.
- Sitara Musharakah TFCs, Structured Shariah Compliant TFCs worth Rupees 150 million for Sitara Chemical Industries.
- Al Maskan LLC (Michigan, USA) Home Financing Program, A Shariah Compliant house financing program for Muslims of United States on the basis of Ijarah wa Iqtina. The product was developed for Standard Federal Bank, United Mortgage of America & Freddie Mac.
- CIMB- Muamlaat Islamic Fund, A private equity fund developed for the purpose of investments in various projects of Asia Pacific & Far East.
- Shariah Compliant Capital Protected Fund, An Islamic Fund Based on the basis of Murabaha & Equity. Developed for UBS AG.
- Times Square Fund, A Shariah Compliant Property Fund based on the concept of Ijarah of Property, launched from New York, USA.
- China Real Estate Fund, A Shariah Compliant Real Estate Fund launched in China in collaboration with Guidance Financials Group.
- Shaza Hotel Fund, a Shariah Compliant Global Fund launched in collaboration with Guidance Financials Group & Kempensiky Hotels.
- Development & Implementation of a Shariah Compliant Alternate product for the conventional Ready Future Spread transactions being carried out in the local Stock Market.
- Development & Implementation of a Local Commodity Murabaha product for the placement of excess liquidity by the Islamic Financial Institutions in the local commodity market.
- Structuring & Issuance of Various Local Currency Sukuk (Islamic Bonds) such as WAPDA Sukuk, Sitara Chemical TFCs etc.