Press Release

AlHuda CIBE enters Turkish market and appoints Country Head Turkiye: Zulkernain Moolla, formerly AlHuda CIBE Country Head South Africa
AlHuda CIBE enters Turkish market and appoints Country Head Turkiye: Zulkernain Moolla, formerly AlHuda CIBE Country Head South Africa

(February 06, 2023 (UAE)): AlHuda Center of Islamic Banking & Economics (CIBE) today announced Zulkernain Moolla, previously Country Head of AlHuda CIBE South Africa, has been appointed as the AlHuda CIBE Country Head Turkiye.

Dr. Zulkernan Moolla, is an internationally renowned Shariah Scholar and Chartered Accountant with versatility in Islamic Finance. He is also the founder and Chairman of Moolla Capital. He was a director in the Nelson Mandela Cabinet. He is the Shariah Advisor to various organizations and member of the Shariah Advisory committee of AlHuda CIBE. His technical and professional services are recognized around the globe, principally in Islamic finance system development, product development, Shariah compliance and transparency in the overall operations in Islamic Finance.

“Zulkernain’s long history of leadership, coupled with his experience advising global clients makes him an ideal person for this role. I look forward to working closely with Zulkernain to continue to ensure AlHuda CIBE makes a positive impact for all stakeholders, including AlHuda CIBE clients, our people, and society,” said Muhammad Zubair Mughal, AlHuda CIBE CEO.

“I feel very privileged to take on this role at such an exciting time in the Islamic Finance industry -the needs of Alhuda’ clients, people, regulators, and other stakeholders are changing rapidly. AlHuda is dealing with these changes in thoughtful and innovative ways which will benefit all stakeholders for years to come. The ideal location of Turkiye between Europe and Asia will enable AlHuda to expend its services to the whole of Europe and Asia amicably” said Moolla.

This leadership appointment is part of a rigorous and comprehensive nomination and ratification process and includes all leaders of the AlHuda global network.

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit:

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
Call: +92 42 35913096 - 98

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