Humayon Dar
Encyclopedia
Dr Humayon Dar is an Islamic economist, transformational thinker, author, Sharia advisor and Islamic banking
expert, focusing on how to create financial solutions that conform with Sharia law.
Dar holds a BSc (Hons) and MSc (both in Islamic Economics) from the International Islamic University Islamabad
(IIU), as well as an MPhil and PhD (both in Economics) from Cambridge University.
Dar currently lives in London, where he is married with two sons and a daughter.
. He has also assisted the Cass Business School, of London's City University, in creating and offering an Executive MBA in Islamic Finance. He is also a Visiting Professor of Islamic Finance at Universiti Teknologi Mara (UiTM) in Malaysia.
In 2005, he joined Dar Al Istithmar, a joint venture between Deutsche Bank, the Oxford Center for Islamic Studies and Russell Wood, which was created to provide advice on offering financial products that comply with Islamic law. Deutsche Bank provided a series of seminars regarding Islamic finance throughout the Middle East in 2005, with Humayon Dar as one of the speakers for those seminars. In March 2006, Dar was named managing director of Dar Al Istithmar.
In 2007, the team from Dar Al Istithmar was absorbed by the BMB Group
, the Eastern-focused investment and advisory group led by Rayo Withanage, the resulting company renamed BMB Islamic. Dar was appointed as its CEO. Euromoney awarded the company "Best Islamic Advisory & Assurance" award, for both 2006 and 2007. In 2008, BMB Islamic was accepted as member of the Bahrain-based association Accounting and Auditing Organisation for Islamic Financial Institutions.
In addition to his role at BMB Islamic, he sits on a number of Sharia Advisory Boards, including those of Allianz Global Investors (Luxembourg), Hong Leong Islamic Bank (Malaysia), Hong Leong Tokio Takaful Marine (Malaysia) and Halal Industries Group (UK).
Dar's book on "Sharia and Legal Aspects of Islamic Finance" (co-edited with Umar Moghul) was published in 2009 by Chancellor Publications, London (UK). Dar is also founding editor of Global Islamic Finance Report, an annual publication reporting on developments in the Islamic financial services industry worldwide. In 2009, he also founded Islamic Finance Access Programme (IFAP), which aims at providing affordable Islamic financial intelligence to the institutions and individuals seeking to learn more about the trillion dollar Islamic financial services industry. His new publication, Islamic Finance Review, is another of his industry building initiatives.
Islamic banking
Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...
expert, focusing on how to create financial solutions that conform with Sharia law.
Education and personal life
Dar was born in Gakkhar Mandi on the Pakistani side of the Punjab province. After he finished secondary school education at his home town, the young Dar was sent to Lahore, where he attended Government College Lahore (now renamed as University Government College Lahore). He spent two years there before he was admitted to International Islamic University Islamabad in 1986.Dar holds a BSc (Hons) and MSc (both in Islamic Economics) from the International Islamic University Islamabad
International Islamic University Islamabad
The International Islamic University, Islamabad is a seat of Islamic learning in Pakistan....
(IIU), as well as an MPhil and PhD (both in Economics) from Cambridge University.
Dar currently lives in London, where he is married with two sons and a daughter.
Professional life
Dar co-founded (with Professor John Presley) an MSc program in Islamic economics, banking & finance at Loughborough UniversityLoughborough University
Loughborough University is a research based campus university located in the market town of Loughborough, Leicestershire, in the East Midlands of England...
. He has also assisted the Cass Business School, of London's City University, in creating and offering an Executive MBA in Islamic Finance. He is also a Visiting Professor of Islamic Finance at Universiti Teknologi Mara (UiTM) in Malaysia.
In 2005, he joined Dar Al Istithmar, a joint venture between Deutsche Bank, the Oxford Center for Islamic Studies and Russell Wood, which was created to provide advice on offering financial products that comply with Islamic law. Deutsche Bank provided a series of seminars regarding Islamic finance throughout the Middle East in 2005, with Humayon Dar as one of the speakers for those seminars. In March 2006, Dar was named managing director of Dar Al Istithmar.
In 2007, the team from Dar Al Istithmar was absorbed by the BMB Group
BMB Group
The BMB Group Ltd is an investment and advisory services firm founded in 2004 to focus on the needs of Eastern investors. The Company has interests in real estate, natural resources, wealth management, Islamic finance and philanthropy. Rayo Salahadin Withanage and Yang Amat Mulia Pengiran Anak Haji...
, the Eastern-focused investment and advisory group led by Rayo Withanage, the resulting company renamed BMB Islamic. Dar was appointed as its CEO. Euromoney awarded the company "Best Islamic Advisory & Assurance" award, for both 2006 and 2007. In 2008, BMB Islamic was accepted as member of the Bahrain-based association Accounting and Auditing Organisation for Islamic Financial Institutions.
In addition to his role at BMB Islamic, he sits on a number of Sharia Advisory Boards, including those of Allianz Global Investors (Luxembourg), Hong Leong Islamic Bank (Malaysia), Hong Leong Tokio Takaful Marine (Malaysia) and Halal Industries Group (UK).
Dar's book on "Sharia and Legal Aspects of Islamic Finance" (co-edited with Umar Moghul) was published in 2009 by Chancellor Publications, London (UK). Dar is also founding editor of Global Islamic Finance Report, an annual publication reporting on developments in the Islamic financial services industry worldwide. In 2009, he also founded Islamic Finance Access Programme (IFAP), which aims at providing affordable Islamic financial intelligence to the institutions and individuals seeking to learn more about the trillion dollar Islamic financial services industry. His new publication, Islamic Finance Review, is another of his industry building initiatives.