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Mufti Muhammad Taqi Usmani

محمد تقي عثماني

Mufti · Darul Uloom Karachi / AAOIFI

Hanafi madhab1970s–present· Pakistan

Biography

One of the foremost Islamic jurists specialising in Islamic finance. Former judge of the Federal Shariat Court of Pakistan. Chairman of AAOIFI Shariah Board.

Areas of Specialisation

Islamic FinanceHadithFiqh al-Muamalat

Notable Positions

  • ▸Chairman, AAOIFI Shariah Board
  • ▸Former Judge, Federal Shariat Court of Pakistan
  • ▸Member, OIC Fiqh Academy

Ruling Distribution

3
Conditional
2
Impermissible
1
Permissible

Rulings by Mufti Muhammad Taqi Usmani (6)

ConditionalStocks & Equities·2001-06-15

Investing in Listed Equities

General permissibility of stock market investment

●●●High Confidence
ImpermissibleStocks & Equities·2002-04-10

Short Selling of Stocks

Naked and covered short selling

●●●High Confidence
ConditionalSukuk·2007-11-12

Asset-Backed vs. Asset-Based Sukuk

True asset transfer in sukuk structures

●●●High Confidence
ImpermissibleInsurance & Takaful·1990-04-10

Conventional Insurance

Permissibility of buying conventional insurance policies

●●●High Confidence
PermissibleIslamic Banking·2012-09-10

Islamic Home Financing

Diminishing musharakah (Musharakah Mutanaqisah) home financing

●●●High Confidence
ConditionalCommodities·2018-02-05

Gold and Silver Trading

Online and spot gold trading platforms

●●●High Confidence