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Iqbal Asaria

Iqbal Asaria

Visiting Professor

Iqbal is a Visiting Professor at The London Institute of Banking & Finance, the Bangor University CBMBA Programme, and member of the visiting faculties of Bangor Business School and City Business School. An expert in Islamic Finance, Iqbal was a Member of the Working Group established by the Governor of the Bank of England to look into issues relating to the introduction of Islamic Finance in the UK. 

This Group, set up by the late Lord Eddie George in 2002, was instrumental in charting the pathway for legislative and other changes needed to create a level playing field for Islamic Financial instruments in the UK market. The Stamp Duty and SDLT changes that have followed as a result of the Group’s work have been key to enable the growth of Islamic Finance in the UK and maintain London’s position as a premier Islamic Finance hub.

Education

BA, Economics, Manchester University: 1971
MA, Economics, Manchester University: 1972

Professional qualifications 

FCCA (Fellow of the Association of Chartered Certified Accountants): 1975 and 1977

Industry experience 

Prudential Assurance Company, Investment Management, initiated discussion on ethics, faith and morality in Investment: 1972 – 1980
World Bank – NGO Committee Chair
Member of the Bank of England Governor’s Working Group on Islamic Finance, lead role in enabling Islamic Finance and banking in the UK
DFID Development Awareness Working Group, creating stakeholders in the UK population for DFID’s work

Expertise

Islamic banking, finance and accounting, insurance and Takaful (Islamic Insurance), responsible finance, sustainable finance, moral money, ESG and Shariah compliant indices, social and impact finance, development economics and finance

Consulting

HSBC, Lloyds, SWIP, The Children’s Mutual

Languages

English, Guajarati, Urdu, Swahili (Functional)

Publications 

CII (Chartered Insurance Institute), CII 590 for Diploma Level Takaful Study Text

Professional qualifications and Membership

Convenor, International Takaful Summit: 2006 – present
Convenor, Responsible Finance Summit: 2019 – present

Awards 

CBE in H M Queen Elizabeth’s Birthday Honours list in 2005 for Services to Overseas Development, in recognition of work for the World Bank 

Visit Iqbal Asaria's LinkedIn profile