Professional Life
Dar co-founded (with Professor John Presley) an MSc program in Islamic economics, banking & finance at Loughborough University. He has also assisted the Cass Business School, of London's City University, in creating and offering an Executive MBA in Islamic Finance. He is also a Visiting Professor of Islamic Finance at Universiti Teknologi Mara (UiTM) and an Adjunct Professor in Islamic Finance at INCEIF in Malaysia.
In 2005, he joined Dar Al Istithmar, a joint venture between Deutsche Bank, the Oxford Center for Islamic Studies and Russell Wood, which was created to provide advice on offering financial products that comply with Islamic law. Deutsche Bank provided a series of seminars regarding Islamic finance throughout the Middle East in 2005, with Humayon Dar as one of the speakers for those seminars. In March 2006, Dar was named managing director of Dar Al Istithmar.
In 2007, the team from Dar Al Istithmar was absorbed by the BMB Group, the Eastern-focused investment and advisory group led by Rayo Withanage, the resulting company renamed BMB Islamic. Dar was appointed as its CEO. Euromoney awarded the company "Best Islamic Advisory & Assurance" award, for both 2006 and 2007. In 2008, BMB Islamic was accepted as member of the Bahrain-based association Accounting and Auditing Organisation for Islamic Financial Institutions. In March 2011, he founded Edbiz Consulting Limited, which has fast emerged as a leading think tank for the Islamic financial services industry. In September 2012, Dar successfully launched Edbiz Corporation as a holding company for all the businesses he has developed over the years. Dar serves as its Chairman.
In addition to his advocacy of Islamic banking and finance, Dar sits on a number of Sharia Advisory Boards, including those of Allianz Global Investors (Luxembourg), Hong Leong Islamic Bank (Malaysia), Hong Leong Tokio Takaful Marine (Malaysia) and Halal Industries Group (UK).
Dar's book on "Sharia and Legal Aspects of Islamic Finance" (co-edited with Umar Moghul) was published in 2009 by Chancellor Publications, London (UK). Dar is also founding editor of Global Islamic Finance Report, an annual publication reporting on developments in the Islamic financial services industry worldwide. Global Islamic Finance Report 2012, released in March 2012, focuses on Islamic philanthropy and social responsibility and was recognised at Global Donor Forum 2012 as the best research publication on the topic. The Crown Prince of the State of Perak (Malaysia), Raja Nazrin Shah, presented the Best Research & Publication in Islamic Philanthropy Award to Professor Humayon Dar on April 28, 2012, at the Global Donor Forum held in Kuala Lumpur.
In 2009, he also founded Islamic Finance Access Programme (IFAP), which aims at providing affordable Islamic financial intelligence to the institutions and individuals seeking to learn more about the trillion dollar Islamic financial services industry. In 2011, Dar's consultancy firm, Edbiz Consulting, started a new quarterly magazine, ISFIRE (Islamic Finance Review), which specialises in analyses of new trends in Islamic banking and finance. In 2011, Dar also founded Global Islamic Finance Awards (GIFA). The first awards ceremony took place in December 2011 at Muscat (Oman), where H.E. Tun Abdullah Bin Haji Ahmad Badawi, former Prime Minister of Malaysia, received the top "Global Islamic Finance Leadership Award." The second awards ceremony took place on November 19, 2012 at Kuala Lumpur (Malaysia), where HRH Raja Dr. Nazrin Shah, the Regent of the State of Perak, received the top "Global Leadership in Islamic Finance Award." In 2012, Dar founded another project, Global Islamic Finance Films (GIFF), which is in the process of producing the first-ever Sharia compliant commercial movie to be distributed globally.
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