Islamic finance is among the most demanding areas of financial practice, and Mandviwalla & Zafar advises on Shariah-compliant financing alongside its market-leading banking and finance practice. The firm drafted the standard Islamic-finance documents currently used by the State Bank of Pakistan, has been involved in the incorporation and setting up of Islamic banks in Pakistan, and has prepared standard documents for various Islamic banks, duly approved by their Shariah boards.
Our team works in close cooperation with Shariah scholars and advisers, and has worked with several Shariah Supervisory Boards of both local and foreign banks — making us a firm that can satisfy both the commercial and the Shariah requirements of a transaction. We have advised the State Bank of Pakistan, the Government and private banks on Shariah law, and represented the Government before the Federal Shariat Court on the modes of Islamic financing and related commercial laws.
