Who We Are
Ehsan Shariah Advisors and Consultants (ESAAC) is a company that deals in providing niche Shariah management and financial advisory services. Our strength is designing, structuring, and implementing Shariah-compliant structures to meet intricate business and financial needs.
By merging the academic brilliance of our Shariah professionals with the financial savvy of our consultancy experts, ESAAC facilitates institutions in harmoniously integrating Shariah compliance within their core business. Our services cover Full-Fledged Islamic Banks, Islamic Microfinance Institutions, Islamic Banking Windows, Takaful and Re-Takaful Operators, Islamic Mutual Funds, Islamic Asset Management Companies, and High-Net-Worth Individuals (HNIs).
With a keen emphasis on sustainable and responsible growth, we deliver clients with customized solutions that not only are compliant with regulation and Shariah but also generate long-term value. ESAAC is a respected partner for firms that aim to enhance operations, enhance competitiveness, and stay truly Shariah-compliant.
Our Services
Education Consulting
In order to enhance the Shariah compliance system in IFIs and ensure that all regulations of Islamic banks are adhered to in both letter and spirit, ESAAC assists institutions in integrating Shariah compliance systems as an integral part of their control mechanism.
Research & Development
ESAAC’s research efforts are centered around Islamic Banking, Islamic Insurance (Takaful), and Islamic Capital & Money Market. Our research scholars research contemporary commercial dealings alongside Classical Islamic Jurisprudence
Shariah Audit
In order to enhance the Shariah compliance system in IFIs and ensure that all regulations of Islamic banks are adhered to in both letter and spirit, ESAAC assists institutions in integrating Shariah compliance systems as an integral part of their control mechanism.
Takaful Business
Proudly acknowledging the enormous potential of the Takaful industry, ESAAC offers an integrated package of services encompassing the entire life cycle of Takaful businesses.
Islamic Capital Market & Stock Screen Services
ESAAC supports investment Companies in multiple ways, whether there is a need to form a new Shariah compliant Mutual Fund, or a launching of an Exchange Traded Fund or ongoing support to an existing fund, we at ESAAC can simplify your complex environment.
Zakat Consulting
In today’s complex financial landscape, calculating Zakat has become increasingly technical and challenging. Determining Zakatable assets, assessing applicable criteria, and accurately estimating obligations require both Shariah knowledge and practical financial expertise.
Shariah Conversion & Compliance Advisory
ESAAC provides a turnkey solution for establishing a complete Islamic financial institution or a division, including Islamic Divisions of Central Banks, Islamic commercial Banks, Takaful Operators, Asset Management Companies, Mudharabah Companies etc. right from policies and procedures, standard operating procedures, Shariah Supervision & Advisory services on various Islamic Financial propositions.
Establishing Islamic Banking Institution
ESAAC provides a turnkey solution for establishing a complete Islamic financial institution or a division, including Islamic Divisions of Central Banks, Islamic commercial Banks, Takaful Operators, Asset Management Companies, Mudharabah Companies etc. right from policies and procedures, standard operating procedures, Shariah Supervision & Advisory services on various Islamic Financial propositions.
Where Shariah Principles Meet Strategy,
Innovation & Technology
Empowering Businesses Through Shariah-Compliant Strategies & Innovation
Leadership Rooted in Integrity and Innovation
Mufti Ehsan Waquar
Alhamdulillah, Mufti Ehsan is among the few scholars who possess a unique combination of religious and contemporary education. He has strong communication skills combined with fluency in several languages. Graduating as a Shariah Scholar and a Mufti, he later accomplished Masters in Economics and Masters in Business Administration with majors in Finance. On top of this, he accomplished Bachelors in Law and Legislation. This unique blend of educational combination gives him an edge upon many others to understand, correlate and align modern day banking practices with Shariah principles.
Ehsan has a diversified cross-functional management experience in Islamic Finance, Business Management and Operation, Project Management and Administration for more than two decades; he has hands-on experience of people and projects management, with a rich experience of working with board of directors and senior management of banks, regulators, auditors and legal counsels.
News & Update
PGD IBF & Halaal Audit
June 3, 2019 – EMEC – IoBM signs MoU with The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain to support in IoBMs’ upcoming PGD Islamic Banking