About Us


To excel and lead in providing support services to industry and individuals with regards to Islamic business practices meeting all the needs for financial advisory, trade consultancy, financial structuring and training services provided in accordance with the guidelines of Islamic Shariah.


AL-Hilal Shariah Advisors is dedicated towards providing Islamic business solutions to clients across the industry and to make Islamic business the solution of first choice for everyone.

Faraz Younus Bandukda, CFA - Director & Chief Executive

Faraz's impeccable portfolio allows him to offer unrivaled insight into the world of finance, the experiences and skills that make up his portfolio have been hard earned over a decade in the Islamic Financial world. Faraz has several milestones to his name that truly make him a modern-day pioneer when it comes to Product Development, Shariah Compliance and Islamic Capital Markets. Faraz's prior affiliation with Al Meezan Investments in their Product Development & Shariah Compliance speaks volumes of his accomplishments in the field. The initiation and development of the Shariah Compliant KMI-30 index in the Pakistan Stock Exchange back in 2008 is sound evidence of his abilities and Faraz's mantle as an outstanding Islamic Capital Markets Professional is realized and proven by his development of the first ever Islamic Brokerage for equities and commodities under the umbrella of Fortune Securities Limited. A Bachelor’s in Computer Science from FAST-NU complimented by a Master’s in Business Administration from IBA, Faraz is also certified in Islamic Finance by the Centre of Islamic Economics and a CFA charter holder from the CFA Institute, USA. Faraz is also pursuing an Islamic Finance Qualification from the Securities & Investment Institute, United Kingdom. He is also certified by the Institute of Capital Markets, Pakistan and has completed his trainings for the Directors certification training program from the University of Lahore.

Muhammad Ishaq Khan - Manager Business Strategy

Ishaq has over 4 years of experience in Equity Analysis and Brokerage. His strength lies in his approach towards fundamental analysis and financial structuring combined along with expertise on the technical analysis. Ishaq has previously worked for Fortune Securities Limited after pursuing his Masters in Business Administration as well as his bachelor's from SZABIST. Ishaq is also a CFA level III candidate from the CFA Institute, USA.

Syed Shaharyar Akhtar – Assistant Manager Research and Shariah compliance

Shaharyar specializes in shariah compliance and monitoring as well as client support regarding Shariah compliance of listed companies of Pakistan and GCC. He is an analytical researcher and regularly updates the market players with his insights into the mutual fund industry and shariah compliant listed companies across Pakistan and the middle east. He holds a Bachelor degree in Accountancy, Management and Law from IoBM, a certificate in Financial markets from Yale university, USA. He is also pursuing his CFA and is currently a level II candidate from the CFA Institute, USA. Further enhancing his educational background he is also enrolled in the Masters program at IoBM

Luqman Ghani – Research Analyst

Luqman is a graduate of SZABIST holding a Master of Business Administration in Finance with expertise in security analysis, strategic finance and investment banking. He is also a CFA level I candidate from the CFA Institute, USA. Luqman has first hand experience in equity research, financial modelling and financial structuring. He actively covers steel and cement sector