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Mr. Mohammed Husain Khatkhatay

Director - Operations
B.Tech., M.B.A

Mr.  Khatkhatay   is a B. Tech from IIT (Bombay) and an MBA from Poona University.  He has vast experience   in Islamic Finance.  During  his  professional   life  of  40 years,  he has been  working   in the  area  of  capital market,   shariah   compliant    product   development,     Islamic  microfinance   and  Islamic   Finance regulation   in India.

For his seminal work on Indian capital market and its shariah compliance,   Mr. Khatkhatay  was invited   by  Harvard   Law  School  for   presenting   his  joint  research  paper  at  seventh   Harvard University   Forum  on  Islamic  Finance.  Later  on  the same  research  was  published   by  Islamic Development   Bank in its official  journal Islamic  Economic Studies.  He has spoken and presented papers related to Islamic Finance at conferences in India and abroad.

He has played  a key  role  in  structuring    a Shariah  compliant    Index,  Venture  Capital  Funds,  a Mutual   Fund, and Shariah  based fund  mobilization   models  for  Real Estate,  leasing, finance  and manufacturing    and  service  companies   and  other Corporate   clients.  He has vast experience   in Shariah Audit of policies, processes and operations   of the companies and firms operating   in the Indian legal and regulatory  environment.

Mr.  Khatkhatay  was earlier  associated  as Executive  Director  at the launch of AI Baraka Finance House Ltd., the  Indian arm of the  Dallah -  AI Baraka Group of Saudi Arabia  and is currently Director of TASIS, which  is India's  premier  Shariah advisory institution.    He is also Advisor or Director on the board of other Islamic Fianancial institutions. He has been keenly involved in tailoring the evolving Indian regulatory framework   to create space for various Islamic finance initiatives.

CA. Jamil Ahmed Shaikh


Director Finance & Administration
B.Com, F.C.A., DISA [ICAI]

Mr. Jamil is a Founder Director of Taqwaa Advisory and Shariah Investment Solutions (P) Ltd. He is Chartered Accountant and an Information Systems Auditor,standing with 25 Years of experience. Mr. Jamil prior to establishing Shaikh and Associates, was Finance Manager with a leading Islamic Investment group in Mumbai. He has gained international exposure of working in various assignments in UAE, Kuwait and Oman. He is involved in Statutory & Internal Audits, Due Diligence Reviews, Systems Analysis and Design and other areas of the organization’s Management Assurance discipline. He caters to clients in Industries like FMCG, Engineering, Real Estate, Consumer & Electronics, Travel & Tourism, NBFC, etc. he also handles individual and corporate taxation.

Mr. Jamil is actively involved in the Islamic Finance having an in-depth knowledge of the principles related to all matters linked to finance, accounting, budgeting, cost management and controls and having significant experience in evolving, enhancing & implementing business processes. He possesses comprehensive knowledge of Ijara, Murabaha, Mudarabah, Sukuk and Takaful etc.

Mr. M.Z. Rehman


B.A., D.LL., M.B.A.

Mr. Rehman has completed his B.A in Commerce and Corporate Studies, from Madras University, M.B.A., D.L.L., and M.F.M., from Annamalai University, Tamil Nadu and M.F.M in Investment Management from Mumbai University.

Mr. M.Z. Rehman is having 30 years of experience in Indian Investments and Financial Markets. Since 1982, he is involved in Indian Listed Equity Markets under various capacities. He is as an Advisor for many listed and unlisted companies and also to several business groups in Gulf since 2003, to invest in Indian unlisted and listed debt equity markets. Mr. M.Z. Rehman is having excellent knowledge in dealing experience in Capital guaranteed Structured products offered by various Foreign Hedge Funds. He has entered the taking ahead the concept of interest-free investments in banking, entity named “Aasra”. Also heading India’s only premiere Islamic Advisory Company (TASIS) which imparts Shariah structures to few Shariah Mutual Funds and Financial Institutions in India.

Mr. M. Z. Rehman is the complete whole and sole in-charge of business operations of the M/s Toss Financial Services (P) Ltd. And M/s TASS Investment Advise (P) Ltd.

Mr. Zaffar Abbas



Mr. Zafar is a Commerce graduate with 25 years of diversified experience, including 15 years of hands-on experience of financial accounting, marketing and administration in the field of Islamic Finance and Investment. He worked as Branch Manager with Bait-un-Nasr Coop.
Credit Society-Pioneers in the field of Interest Free Micro - Banking and Finance in India. He also worked as Branch Manager with Barkat Investment Group- (A Real- Estate Construction & Development Company)-Pioneers in Profit & Loss Sharing Finance and Investments in India. He was instrumental in establishing and registering AASRA the first Shariah complaint multi state co-op. Credit society in India and was its chief Promoter. He actively participated in promoting the financial activities of Federation of Interest-free Organizations (India). He participated in various seminars and conferences on Islamic Banking and Finance organized by Islamic Fiqh Academy, Delhi. He was the key head of Marketing of India's first Shariah compliant Mutual Fund (TATA SELECT EQUITY FUND) launched by the country's leading TATA industrial house.

Mr. Ibnu Soud Shahbdeen


Post-graduate in Arabic and lslamic Studies

Mr. Ibnu Soud is a post-graduate in Arabic and lslamic Studies. He is an entrepreneur and a well-known social worker based out of Tamil Nadu.

He sits on the Board of various corporate companies, financial institutions, charitable trusts and educational institutions.

He has more than 40 years of experience in public relations, sales and marketing. He has also attended various conferences around the world.