Product review
Every financial product goes through expert assessment before launch
Independent review of every product
The Special Council on Islamic Finance is an independent advisory body of specialists in Islamic law and Islamic finance.
Before a new product launches, the board reviews its structure, contracts and transaction flow. After launch, regular supervision continues so that every process stays aligned with the principles of Islamic finance.
The council's work gives our partners confidence that every financial decision at KamKam meets not only the law, but also the principles of Islamic finance.
Key responsibilities of the board
Transaction oversight
The board reviews contractual relations and supervises how products evolve
Independent audit
Existing processes are regularly checked against the principles of Islamic finance
Compliance opinions
An official opinion (fatwa) is issued for every approved product
Basis of the council’s work
- Form of operation
- Special Council under the Islamic Finance and Takaful Association — an external, independent body
The council is external and independent: its opinions are not subordinate to company management. Its composition and basis are published with an approved document.
Composition of the Special Council for Islamic Finance
Ibrohim Muhammad Iso
Chair of the Special Council
Citizen of Pakistan, Hanafi school. Shariah scholar, Certified Shariah Adviser and Auditor (CSAA). Chairs the Shariah boards of Stearns Bank (USA), Craft 3 Investment, Ayan Capital (UK), RTS Financial, United Bank Limited (Pakistan), Hamkorbank, Hayot Bank, Trast Bank and Alif Moliya (Uzbekistan). Member of Darul Ifta at Jamia Darul Uloom Karachi and founder and CEO of Alhamd Shariah Advisory. Author of more than five thousand fatwas under Sheikh Mufti Taqi Usmani.
Uzair Bilwani
Member of the Special Council
Citizen of Pakistan, Hanafi school. Specialist in Islamic finance. Shariah adviser to the Securities and Exchange Commission of Pakistan (SECP), licensed since 2021. Executive Director of Alhamd Shariah Consultancy. Completed a specialisation in Islamic jurisprudence at Jamia Darul Uloom Karachi. Has carried out Shariah audits for Summit Bank, the state life insurer, and Alfa, Habib and EastWest insurance.
Akjigit Kokoyev
Member of the Special Council
Citizen of the Kyrgyz Republic, Hanafi school. Master of Arabic and Shariah (Jamia Darul Uloom International Islamic University, Pakistan), trained in Takhassus fil ifta under Sheikh Mufti Rafi Usmani and Sheikh Mufti Taqi Usmani. Member of the International Association of Islamic Business and Finance. Chairs the Shariah boards of the Commercial Bank of Kyrgyzstan (2021–2023), Amin Sadek Finance, the RENI credit union and Intercascad.
Mirzohid Nizomidinov
Member of the Special Council
Citizen of the Republic of Uzbekistan, Hanafi school. Degree in economics (Andijan Engineering and Economics Institute) and an MBA from the International Islamic University Malaysia. Graduate of the Islamic Development Bank Group Young Professionals Programme. Has worked at Hamkorbank, Asia Alliance Bank and Agrobank, most recently as Islamic finance project manager.
Anvar Saburov
Member of the Special Council
Citizen of Russia, resident of the Republic of Uzbekistan. Holds higher legal (Tashkent State Institute of Law) and higher financial (Tashkent Financial Institute) degrees. Long experience in Uzbekistan’s banking system: headed the legal departments of Kapitalbank, Orient Finans Bank, InFinBank and Apex Bank. Deputy Chair of the Council of the Islamic Finance and Takaful Association since 2021 and a member of the Special Council since August 2024.