Al Baraka Bank logo
Shariah Board Members
Untitled Document

The current members are of the Shariah Supervisory Board of Albaraka Bank Limited are:

Shariah Supervisory Board of Al Baraka Bank

The Shariah Supervisory Board is an independent body comprising specialist jurists in Islamic Commercial Jurisprudence, which is entrusted with directing, reviewing and supervising the activities of Al Baraka Bank, in order to ensure that the bank complies with Shariah law.

The board sets out to ensure that all Shariah matters regarding Al Baraka Bank are dealt with in a professional manner and in strict accordance with the Shariah standards set-out by AAOIFI.

It is the responsibility of the Shariah Supervisory Board to carry out regular audits of the bank's business operations and to form, based on its reviews, an independent opinion. The Shariah Supervisory Board's rulings and resolutions are binding on the bank. 

Members of the Shariah Supervisory Board

Dr Abdus Sattar Abu Ghudda (Syrian) –

Dr Ghudda is a senior Shariah consultant at Al Baraka Banking Group, a director of the Department of Financial Instruments at Al Baraka Investment and Development Company, a member of the Shariah Supervisory Boards of several Islamic financial institutions and an active member of the OIC Islamic Fiqh Academy and AAOIFI.

Dr Ghudda was responsible for the research and compilation of the Encyclopaedia of Fiqh sponsored  and published by the Kuwait Ministry of Awqaf and Islamic Affairs and Islamic Affairs and is a former member of the Ministry’s Fatwa Board. He has taught fiqh and Islamic studies in Kuwait and Saudi Arabia. Dr Ghudda obtained BA degrees in Islamic Law and in Law from Damascus University. He went on to earn his MA degree in Shariah and Hadith and his PhD in Shariah and comparative fiqh from Al-Azhar University in Cairo. 

Shaykh Mahomed Shoaib Omar

Shaykh Mahomed Shoaib Omar serves as a member of the Shariah Supervisory Board of Al Baraka Bank. He completed his B.Com Law degree and LLB at the University of KwaZulu-Natal. He studied Arabic and Islamic Law under the renowned contemporary jurist, Mufti Taqi Usmani, at Darul Uloom Karachi and has received Ijaazah from him. He was also a student of the Chief Qadi of India, Mujahidul Islam Qasemi, the founder of the Islamic Fiqh Academy of India and a distinguished authority in Muslim Family Law. During the past 32 years he has collaborated with Mufti Taqi Usmani in solving problems affecting Contemporary Applications in Islamic Law. He has, for the past 14 years, also worked closely with well-known contemporary Shariah expert, Shaykh Abdus Sattar Abu Ghuddah, in the field of Islamic Finance and has extensive experience in the application of Shariah Law to contemporary situations, including Islamic Finance.

He was granted the right of appearance in the High and Constitutional Courts of South Africa in 1995. He successfully argued the landmark case of Amod v Road Accidents Fund in the Constitutional Court and Supreme Court of Appeal, which case recognised a duty of support flowing from an Islamic marriage. He currently practices as an attorney, specialising in Shariah and Corporate Law. He has written a number of books and numerous articles on Islamic law and is contemporary applications, inclusive of Islamic Finance, in English and Arabic. He is regarded as expert in comparative jurisprudence (fiqh al muqaarin). 

Mufti Zubair Bayat

Mufti Zubair Bayat is the founder and current Ameer of Darul Ihsan Islamic Services Centre. He also serves on the board of Islamic Schools, as well as Islamic financial institutions and as an advisor to various organisations.


He completed his Aalim Fadhil and Ifta courses at the famous Darul Uloom Deoband, India. He thereafter furthered his studies and obtained his Master of Arts degree (cum laude) in Islamic Studies from the University of Johannesburg and obtained a certificate in Muslim Personal Law from the University of Islamabad. 


After completing his formal studies he occupied a post as a lecturer in advanced Islamic studies at The Islamic University (Madrasah Arabia Islamia), Azaadville, and then moved to Stanger where he established the Zakariyya Muslim School and served as Principal and Ameer. During this period he also served as Chairman of the Association of Muslim Schools in KwaZulu-Natal.


He has travelled extensively delivering talks and workshops covering a variety of subjects, written many articles and published several books.


Due to his burning concern and desire to serve and unify the Muslim community, he has been instrumental in many pioneering efforts, establishing educational, welfare, social, economic, youth and community initiatives both locally and abroad. 

Mufti Shafique Ahmed Jakhura

Mufti Jakhura serves in the Fatwa Department preparing and issuing Islamic juristic rulings at the Darul Ihsan Research Centre in Durban. He has established and heads the Centre for Islamic Economics and Finance SA (CIEFSA) - a non-profit organisation dedicated to increasing awareness and providing education in the fields of Islamic economics and finance, structuring Shariah-compliant transactions and providing Shariah-compliant commercial solutions at various levels.

In 2002 he completed, with distinction, the Aalimiyah Course at Madrasah Taleemuddeen, in Durban and in 2005 completed a three-year specialisation course in Islamic Jurisprudence (Fiqh and Fatwa) from Jamia Darul Uloom Karachi, under the guidance of Mufti Taqi Usmani, which culminated in the submission of a thesis on the topic of Shirkat and Mudharabat. He is a Certified Shariah Accountant and Auditor from the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), Bahrain. He has an Advanced Diploma in Islamic Banking and Finance from the Centre for Islamic Economics, based in Karachi. He also serves the Islamic Finance and Takaful Industry in other parts of the world.

Shariah supervision of the Old Mutual Al Baraka Shariah Unit Trust funds

The partnered Old Mutual Albaraka Shariah funds are managed in strict accordance with Shariah.

The funds afford opportunities for Muslims to invest in socially and morally responsible investments on the Johannesburg Securities Exchange and global markets, as well as Shariah-compliant cash investments. 

Members of the Shariah Supervisory Board

Dr Abdus Sattar Abu Ghudda (Chairman)

Shaykh Mahomed Shoaib Omar

Mufti Zubair Bayat

Mufti Shafique Ahmed Jakhura


Sub-committee of the Shariah Supervisory Board

Shaykh Mahomed Shoaib Omar (Chairman)

Mufti Zubair Bayat

Mufti Shafique Ahmed Jakhura 

The Shariah Supervisory Board meets at least once annually and the sub-committee meets at least four times a year. The Shariah Supervisory Board has appointed a sub-committee to review and ensure that all investments made by the funds comply with its directives, which are issued  in line with applicable Shariah principles, as set out by AAOIFI, and to report to the Shariah Supervisory Board. 

The appointment of an independent Shariah Supervisory Board to supervise the bank and the Shariah funds is indicative of Al Baraka Bank's absolute commitment to both Shariah and Islamic economic principles.

Page last updated: 2018-03-16 | version: 9

Home Page   l   About Us   l   Investment   l   Internet Banking   |  Islamic Banking   l   Financial information   l   Legal infomation   |  Site Map 
This site is best viewed with Internet Explorer 7 or later with a resolution of 1280x1024.

Albaraka Bank Ltd Reg No 1989/003295/06. Albaraka Bank Ltd subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. Albaraka Bank Ltd are an authorised financial services provider. Albaraka Bank Ltd is a registered credit provider in terms of the National Credit Act, 34 of 2005 (NCR Reg No NCRCP14).  An Authorised FSP No.: #4652