Omar Mustafa Ansari
Omar is working at the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – global Islamic finance standard setter, as its Secretary General. Previously, he was Partner – Assurance & Head of Islamic Finance (Pakistan & Afghanistan) at Ernst & Young Pakistan. He is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP).
At AAOIFI, he is responsible for managing the overall affairs of the institution as the organization’s operational head, as well as, leading the process of development of accounting, auditing, governance and ethics standards for the global Islamic finance industry and coordinating with and supporting its technical boards.
Omar’s key areas of expertise include regulations and standards related to Islamic finance, banking and Takaful, as well as, assurance and advisory services to Islamic financial institutions, including Islamic accounting advisory, audits, Shari’ah Audits, corporate finance advisory, structuring of Shari’ah compliant transactions, accountancy and financial reporting, Islamic finance training, financial modelling, risk management and development / review of manuals, SOPs and systems.
His published books include:
1. Managing Finances - A Shariah Compliant Way;
2. Islamic Microfinance Bank: Working Model (in Urdu);
3. IFRS and Shari'ah based reporting: a conceptual study;
4. Textbook on Islamic finance and capital markets (for the Institute of Capital Markets, SECP – Pakistan);
5. AAOIFI’s CIPA program study texts (in the capacity of chief editor and reviewer) comprising 4 volumes on (i) Accounting and Financial Reporting; (ii) Shari'ah Standards and Shari'ah Governance; (iii) Audit, Assurance and Ethics; and (iv) Business and regulatory environment.
He was also the team leader and editor for translation of AAOIFI Shari’ah standards in Urdu.
Omar is a member of Securities & Exchange Commission of Pakistan’s (SECP) Shari’ah Advisory Committee (SAC) and had earlier been a member of SECP’s Shari’ah Board and part of its committee for revision of Takaful Rules, besides being part of several committees and task forces of the State Bank of Pakistan. Omar is a member (ex-chairman) of ICAP's working group / committee responsible for development of Islamic financial accounting standards for Pakistan and also a member of ICAP’s Insurance Committee leading the accounting regulations development for Takaful. He has also worked as an advisor to Saudi Organization for Certified Public Accountants (SOCPA) on Shari’ah issues concerning IFRS adoption.
He has contributed several articles in various newspapers and journals, and papers in conferences and is the founder and managing editor of AAOIFI’s Journal for Islamic Finance Accountancy (JOIFA). He is also a professional trainer and regular speaker on various forums on topics related to Islamic finance including international events and conferences, universities and professional bodies.
Omar is working at the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – global Islamic finance standard setter, as its Secretary General. Previously, he was Partner – Assurance & Head of Islamic Finance (Pakistan & Afghanistan) at Ernst & Young Pakistan. He is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP).
At AAOIFI, he is responsible for managing the overall affairs of the institution as the organization’s operational head, as well as, leading the process of development of accounting, auditing, governance and ethics standards for the global Islamic finance industry and coordinating with and supporting its technical boards.
Omar’s key areas of expertise include regulations and standards related to Islamic finance, banking and Takaful, as well as, assurance and advisory services to Islamic financial institutions, including Islamic accounting advisory, audits, Shari’ah Audits, corporate finance advisory, structuring of Shari’ah compliant transactions, accountancy and financial reporting, Islamic finance training, financial modelling, risk management and development / review of manuals, SOPs and systems.
His published books include:
1. Managing Finances - A Shariah Compliant Way;
2. Islamic Microfinance Bank: Working Model (in Urdu);
3. IFRS and Shari'ah based reporting: a conceptual study;
4. Textbook on Islamic finance and capital markets (for the Institute of Capital Markets, SECP – Pakistan);
5. AAOIFI’s CIPA program study texts (in the capacity of chief editor and reviewer) comprising 4 volumes on (i) Accounting and Financial Reporting; (ii) Shari'ah Standards and Shari'ah Governance; (iii) Audit, Assurance and Ethics; and (iv) Business and regulatory environment.
He was also the team leader and editor for translation of AAOIFI Shari’ah standards in Urdu.
Omar is a member of Securities & Exchange Commission of Pakistan’s (SECP) Shari’ah Advisory Committee (SAC) and had earlier been a member of SECP’s Shari’ah Board and part of its committee for revision of Takaful Rules, besides being part of several committees and task forces of the State Bank of Pakistan. Omar is a member (ex-chairman) of ICAP's working group / committee responsible for development of Islamic financial accounting standards for Pakistan and also a member of ICAP’s Insurance Committee leading the accounting regulations development for Takaful. He has also worked as an advisor to Saudi Organization for Certified Public Accountants (SOCPA) on Shari’ah issues concerning IFRS adoption.
He has contributed several articles in various newspapers and journals, and papers in conferences and is the founder and managing editor of AAOIFI’s Journal for Islamic Finance Accountancy (JOIFA). He is also a professional trainer and regular speaker on various forums on topics related to Islamic finance including international events and conferences, universities and professional bodies.