Board of Audit Committee

It is our commitment to provide guidance on Islamic banking and finance in the light of Shari’ah and with the help of Almighty Allah, always stay committed to Shari’ah.

Dalip Kumar


CA Dalip Kumar Kaul is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). He is B.Com (Hons) and L.LB. from the University of Delhi,India. He also has a Master’s Degree in Business Administration (Finance), having specialization in Merchant Banking, Risk Management, Treasury, International Finance.

Mr Kaul is a Senior Partner of a Chartered Accountant Firm in India. He has an experience of over 35 years of successfully advising corporate and non-corporate clients under various laws. His expertise is rendering services relating to business strategy, merger & acquisition, integrated risk management, regulatory, advisory and assurance services to listed and unlisted corporates including MNC’s like Banking and Capital Markets, Insurance, Infrastructure, Pharmaceuticals, Trading, Manufacturing, Healthcare, Education, Media, Information Technology, Construction, Poultry, Agriculture, Power. He has also helped in transformation of financial systems, restructuring plans for Corporate’s and represented clients before Income Tax Appellate Tribunals.


In the Banking sector, he possesses experience of being the auditor of many of the largest nationalized and private sector banks in India. He has also been on the Board of Directors of The Jammu & Kashmir Bank Limited (State owned Government Company) as Non-Executive Independent Professional Director (August 2014 – June 2016). He was also the Chairman of the Audit Committee of the Board (ACB) and Member of various committee’s of the board namely; Management Committee of Board (MCB) , Integrated Risk Management Committee (IRMC) , Nomination & Remuneration Committee , Customer Service/Grievance Committee, Legal Committee and Information Technology and Strategy Committee of The Jammu & Kashmir Bank Limited.


His Board Level experience at The Jammu & Kashmir Bank included

·         Monitoring of critical areas like Internal Control, Risk Mitigation Corporate Governance and Non Performing Asset (NPA) monitoring .

·         Implementation and Strengthening of CISA , CERSAI and Concurrent Audit

·         Compliances as per RBI (Regulator in India) /SEBI Guidelines

·         Compliance of Long Form Audit Report of Statutory Central Auditors

·         Interaction with Statutory Central Auditors and discussions on Annual financial Inspection (AFI) with RBI , follow up of AFI of Reserve Bank of India

·         Faster redressal of pending legal cases,

·         Directions for implementation of steps in the bank for timely sharing of information with Ministry of Finance and Ministry of External Affairs regarding impounding of passports of defaulting borrowers , initiation for timely sharing of information with SEBI/Stock Exchanges in case of defaulting corporate’s,

·         Automation of all the electronic services being provided by the bank, awareness Campaigns to educate the customers and online banking facility portfolio.


He started his career with M/s Jhalani Brothers Private Limited(Group Company of  Gedore Tools India Ltd.) , New Delhi as Chief – Finance & Accounts

He has been a Member of Executive Committee of J&K Branch of NIRC of ICAI and was its Chairman for the year 2013-14. He is also a Peer Reviewer on the Panel of Peer reviewers maintained by Peer Review Board of the ICAI. He was a Special Invitee Member-Committee on Banking, Insurance & Pension of ICAI.

He is the Chairman (Non-Executive) , Board of Directors/Board of Supervisors of Islamic Bank of Afghanistan (Previously known as Bakhtar Bank) since October 2015.

Dr. Muhammad Tahir Mansoori


Dr. Muhammad Tahir Mansoori (Resident Shariah Board Member) Dr. Muhammad Tahir Mansoori is an eminent scholar and recipient of the President of Pakistan’s Medal for Pride of Performance. Dr. Mansoori holds Moulvi Alim and Moulvi Fazil degrees from ‘Dar ul-uloom’ Mansoorah, LLM Shariah from International Islamic University, Islamabad and PhD in Islamic Studies from Punjab University, Lahore. Dr. Mansoori has taught and written on Fiqh and Usool-e-Fiqh matters for over two decades. He is the author of numerous publications including, Al-Madkhal-Al-Masrafi (Introduction to Islamic Banking) in Arabic, Islamic Law of Contracts and Business Transactions, and Shari’ah Maxims on Financial Matters. Dr. Mansoori is also serving as member Shariah Advisory Board of Securities and Exchange Commission of Pakistan (SECP).

Dr. Cecil Lui


Cecil Wing-Kan LUI, Ph.D.

Dr. Cecil Lui is a finance and banking academic.  As an academic, he has broad interests in financial management, corporate finance, investment management, portfolio management, security analysis, investment banking, international banking, money and banking, fixed-income securities, derivatives, and financial econometrics.  As a researcher, he reads and conducts research in empirical asset pricing, empirical corporate finance, corporate restructuring, corporate governance, and capital structure.  As an educator, he is known for his inspirational teaching style and has particular interests in life-long education, the adoption as well as the evaluation of outcome-based education and the use of technology in education, primarily in the areas of distance education, problem-based learning and computer mediated communication.


He earned his doctor of philosophy degree in finance from City University of Hong Kong - ranked No. 55 in the world and ranked No. 5 in "Top 50 Under 50" (the world’s top 50 universities established within the last 50 years) according to the 2019 Quacquarelli Symonds World University Rankings, where he studied the corporate restructuring activities and the changes in capital structure, together with the valuation effects in response to such activities and changes, of listed companies in Australia.  Cecil also was educated in the United States and Canada and holds a bachelor degree and a masters degree, both in economics.


Dr. Lui has substantial and significant international experience, especially in  less developed countries.  He has been an associate professor in finance at American University of Afghanistan since 2014; has been an audit committee member at Islamic Bank of Afghanistan (formerly Bakhtar Bank) since 2015; and has been a Board of Supervisors member at Islamic Bank of Afghanistan (formerly Bakhtar Bank) since 2016.


In his free time, he enjoys giving advice and offering guidance to small investors in value investing, private equity, and risk management.



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