In June 2011, respected Shaykh Hashim Ahmad organized a gathering of Ulamaa’, businessmen, academia and professionals at Darul Khair Center, Karachi. The purpose of this meeting was to highlight the need of a business model aligned with the Islamic teachings that is clear, practical and easy to implement for those who wish to do so. This led to formation of six different functional teams comprising functional experts and at least one Mufti. The teams were responsible for preparing guidelines for major functions of an organization. The Mufti was supposed to guide as to which of the practices in the respective area were not allowed by shariah. At the same time the teams worked on identifying contemporary good practices. Alhamdulillah the work completed in December 2014 in the shape of UBM Manual. The manual is freely accessible here.
Subsequently a trust, UBM Trust was formed for promoting UBM and its implementation in organizations. UBM Advisory Services is the consulting wing of UBM Trust which provides services in these areas.
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