Saleh Al HashimiVice Chairman & Managing Director, Dar Al Takaful PJSC

Mr. Saleh Al Hashimi is a Founder and a Board Member of Dar Al Takaful PJSC since 2008, Currently serving as the Managing Director and Vice Chairman. He also serves as a Board Member of Mawarid Finance PJSC, Deputy Secretary General at the Trustees Board of the “Tamaiaz and FalakTayyeb”Award, and Deputy Chairman of Emirates Insurance Association. He has a Bachelor’s degree in Business Administration from Boston University and MBA in Business Administration from CASS Business School.

Abdul Moid Ahmed KhanASA, APSA
Consulting Actuary – SHMA Consulting

Abdul Moid is an Associate of Society of Actuaries and a Gold Medalist from the university of Karachi  in Bachelors Actuarial Science and Risk Management. He has more than eight years of experience in supervising and managing large consulting projects for multiple clients in life and general insurance sectors in Pakistan and the whole GCC region. He is currently serving as a appointed actuary for several insurance companies based in UAE.  He is also a Council Member of the Pakistan Society of Actuaries and also part of ICAP’s IFRS 17 Working Group.

Shariq SikanderASA, APSA, CERA
Consulting Actuary – SHMA Consulting

Shariq Sikander is an Associate of the Society of Actuaries (ASA), Chartered Enterprise Risk Analyst (CERA) and a Bachelor degree in Commerce from the University of Karachi, with over 9 years of experience in work related to Life, Takaful and P&C Insurance for actuarial valuation, product pricing, business plan and enterprise risk management. He is currently working as a Senior Manager in the Insurance division and manages large consulting projects for multiple clients in the Takaful and insurance sector in the GCC region and South Asia.  He is also a Council Member of the Pakistan Society of Actuaries

Muhammad Saeed ZafarFSA, FPSA, CERA, FRM
Consulting Actuary – SHMA Consulting

Saeed Zafar has about five years of expereince working as a consulting actuary at SHMA Consulting. Previously, he has worked for Watson Wyat Worldwide in Canada advising clients on retirement benefits. He is a Council Member of the Pakistan Society of Actuaries and the current Society of Actuaries Ambassodor for Pakistan. He holds a bachelors degree in Actuarial Science from the University of Toronto.


Shoaib SoofiFSA
Chief Actuary - Metlife Middle East & Africa

Shoaib Soofi is a Fellow of US Society of Actuaries with over 25 years of experience for 13 countries across Middle East, Africa and South Asia Region. He has been working on Life Insurance, Health Insurance and Pension in the space of Financial Reporting, Pricing, MetLife as Chief Actuary of Middle East & Africa Region based in Dubai. He is also the. Ambassador of US Society of Actuaries for Gulf and Member of Gulf Actuarial Society


Muhammad Usama DangraASA, APSA
Manager - SHMA Consulting

Muhammad Usama Dangra is an Associate of the Society of Actuaries and a graduate of the University of London. Currently he serves as a Manager at SHMA Consulting and has been engaged with insurance and takaful companies across GCC and Pakistan for about five years. During this time he has assisted clients with a range of actuarial projects including financial and statutory reporting and compliance.


Saqib KhalilCFA, ACCA
Manager Finance - Islamic Arab Insurance Co. (SALAMA

Saqib is a qualified Chartered Financial Analyst (CFA – USA) and also holds a Chartered Certified Accountant (ACCA-UK) designation. 8+ years of experience in Financial & Management Reposting, Financial Planning & Analysis, Investment Management, handling Internal & External Audits, Implementation of controls etc. Currently working in managerial role in Finance department in Islamic Arab Insurance Co. SALAMA.

Omer MorshedFIA, FCA, FPSA
Chief Executive Officer – Sidat Hyder Morshed Associates

Ali Omer Golam Morshed, is a Fellow of the Institute of Actuaries and a Chartered Accountant (both from the UK), with work experience of over 40 years in the UK, Pakistan and throughout the Middle East. He has worked in the UK for seven years, including in the insurance industry and in a large accounting firm in London auditing insurance entities. Over the last 26 years he has headed a consulting practice of over 450 professionals, focusing his attention on insurance clients.


Time Agenda Speakers / Panelist
 08:30 AM  Registration & Coffee
 09:00 AM  Welcome & Opening Remarks  Mr. Saeed Zafar (SHMA Consulting)
 09:15 AM  Need for Implementing Regulatory Framework  Insurance Authority (to be confirmed)
 09:30 AM IFRS 17 – Why changes to current accounting regulations  Mr. Omer Morshed
 10:00 AM  IFRS 17 – Understanding the Requirements  Mr. Abdul Moid (SHMA Consulting)
 11:00 AM  Tea Break
 11:15 AM  IFRS 17 – Practical Approach (with example) Mr. Abdul Moid & Mr. Usama Dangra
(SHMA Consulting)
 12:00 PM Panel Discussion: “Industry related challenges in

Adopting IFRS 17”


  • – Mr. Shariq Sikander (SHMA


  • -Mr. Omer Morshed
  • -Mr. Saleh Al Hashimi (Dar Al Takaful
    and Emirates Insurance Association)
  • Representative from Insurance
    Authority / External Auditor (to be
  • Representative from Life Insurer (to
    be confirmed)
 12:45 PM  Closing Remarks Mr. Shariq Sikander (SHMA Consulting)
 01:00 PM  Lunch