Pak Oman Investment Company Limited (POICL) proudly stands as Pakistan's second Development Finance Institution (DFI) to establish a comprehensive Islamic Finance model. This pioneering initiative sets a new benchmark for integrating Shariah-compliant financial solutions within a DFI framework, tailored to meet unique developmental and funding objectives beyond conventional commercial banking.
Through its Islamic Finance Department, POICL delivers Shariah-compliant investment and financing solutions for Corporate, SME, Commercial, and Institutional customers under the supervision of an approved Shariah Advisor. By combining strong governance, ethical banking practices, and development-focused financial solutions, POICL is leading the way in shaping a sustainable, transparent, and innovative Islamic finance landscape, creating a national model for future growth.
Mufti Umais Zubairi is a qualified Shariah Advisor and Islamic finance professional with over six years of experience in Islamic banking, Shariah compliance, and product development.
He completed his Aalamiyah (Islamic Scholar Program) from Jamia Darul Uloom Karachi and earned his Specialization in Islamic Jurisprudence (Takhassus fil Ifta) from Jamia Sharaf-ul-Madaris Karachi. He also holds a Bachelor's degree from the University of Karachi and has further strengthened his professional expertise through specialized certifications in Islamic Banking and Finance from the Institute of Business Administration (IBA), Karachi.
Throughout his professional career, Mufti Umais has worked with renowned financial institutions, including Dubai Islamic Bank (DIB) and Habib Metro Bank – Sirat Islamic Banking, where he gained extensive experience in Shariah-compliant product development, Islamic finance structuring, transaction review, documentation, regulatory compliance, and Shariah advisory services.
In addition to his advisory responsibilities, he is an experienced trainer who has conducted numerous training sessions, seminars, and workshops on Islamic banking, Shariah compliance, and Islamic finance for banking professionals, corporate organizations, and educational institutions.
Currently serving as the Shariah Advisor at Pak Oman Investment Company Limited – Islamic Finance Department, he is responsible for ensuring that the company's products, investments, financing structures, and operational activities remain fully compliant with the principles of Islamic Shariah while supporting the organization's commitment to ethical and Shariah-compliant financial solutions.
Our Islamic finance operations are overseen by a qualified Shariah Advisor and supported by a comprehensive internal Shariah governance framework. Every financing structure, legal agreement, and transaction undergoes rigorous Shariah review to ensure full compliance with Islamic principles while promoting transparency, integrity, and client confidence.
Pak Oman Investment Company Limited's (POICL) Islamic Finance Department is licensed by the State Bank of Pakistan and operates as a dedicated Islamic Finance Department. We offer innovative, Shariah-compliant investment and financing solutions backed by experienced Islamic finance professionals, customized corporate solutions with digital processing, fast and transparent documentation, and dedicated relationship managers to meet the evolving needs of Corporate, SME, Commercial, and Institutional customers.
We are committed to delivering prompt and efficient services without compromising Shariah compliance or service quality. Our streamlined processes, experienced professionals, and responsive approach ensure quick turnaround times, seamless execution, and reliable service, enabling clients to make informed financial decisions with confidence.
At POICL-IFD, the Shariah Compliance Function ensures that all Islamic finance activities align with Shariah principles while supporting the mandate of a Development Financial Institution (DFI).
Under the supervision of a qualified Shariah Advisor, it oversees Shariah review of products, structures, and agreements, ensuring compliance, transparency, and commercial viability. In line with the State Bank of Pakistan’s Shariah Governance Framework (SGF), it also manages ongoing compliance monitoring, internal reviews, and implementation of Shariah audit observations.
Acting as a key link between management and the Shariah Advisor, the function ensures that all operations remain fully compliant with regulatory requirements and sound Islamic finance principles.
Our Shariah Compliance function ensures that all products, transactions, and business activities are conducted in accordance with Islamic Shariah principles and applicable regulatory requirements. It reviews financing structures, legal documentation, policies, and processes to ensure compliance with AAOIFI Shariah Standards, the State Bank of Pakistan’s Shariah Governance Framework (SGF), and internal governance requirements.
The department provides independent oversight through ongoing monitoring and periodic Shariah reviews, promoting transparency, accountability, and ethical conduct across Islamic finance operations. In collaboration with management and the Shariah Advisor, it supports the delivery of sustainable and fully Shariah-compliant financial solutions.
Mr. Tariq Munir
AVP – Shariah Compliance
Email: tariq.munir@pakoman.com
Phone: (021) 111 176 425 Ext. 1064
Our Shariah Internal Audit serves as an independent assurance function within the DFI framework, ensuring that all activities remain fully aligned with Islamic principles and regulatory requirements. The audit covers implementation of approved structures, contractual compliance, profit calculation, and pool management, with a focus on identifying gaps and strengthening internal controls.
Through disciplined and periodic reviews, the function reinforces transparency, governance, and Shariah integrity, supporting the institution’s role in delivering compliant and responsible Islamic financial solutions.
Shariah Certificate – Murabaha
Shariah Certificate – Diminishing Musharakah
Shariah Certificate – Al Bai/Tijarah
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