Governance

Transparent oversight anchored in Shariah principles, independent board composition, and regulatory discipline as a SECP-licensed, PSX-listed fund.

  • 8 Board Directors
  • 3 Independent Directors
  • 4 Board Committees
  • 100% Shariah Compliance

Leadership

Board of Directors

A world-class board with deep expertise across banking, energy, capital markets, regulation, and public administration — collectively representing over 300 years of leadership experience.

Nabeel Malik

Nabeel Malik

Razi-Ur-Rahman Khan

Razi-Ur-Rahman Khan

Rabiya Javeri

Rabiya Javeri

Hasan Reza Ur Rahim

Hasan Reza Ur Rahim

Farrukh Zaman

Farrukh Zaman

Saad Uz Zaman

Saad Uz Zaman

Saleem uz Zaman

Saleem uz Zaman

Oversight Structure

Board Committees

Three specialized committees provide focused oversight across audit, human capital, and risk & credit management — each with a defined charter and clear accountability.

Audit Committee

Oversees financial reporting integrity, internal controls, statutory compliance, and the relationship with external auditors — ensuring accuracy and transparency of all disclosures.

Chair
Razi-Ur-Rahman Khan
Members
Hasan Reza Ur Rahim, Farrukh Zaman

HR, Remuneration & ESG Committee

Reviews compensation frameworks, talent strategy, succession planning, ESG integration, and organizational development — ensuring alignment with fiduciary duty and market benchmarks.

Chair
Rabiya Javeri Agha
Members
Muneer Kamal, Nabeel Anjum Malik

Risk & Credit Committee

Evaluates investment opportunities, monitors portfolio risk, manages credit exposure, and ensures all capital deployment aligns with BCEM's mandate, risk appetite, and regulatory requirements.

Chair
Saad Uz Zaman
Members
Hasan Reza Ur Rahim, Farrukh Zaman, Razi-Ur-Rahman Khan, Nabeel Anjum Malik

Management Structure

Management Company & Sponsor

BCEM is managed by BIML under the sponsorship of BEIML, with clear separation of governance and operational roles.

Management Company

Burj Investment Management Limited (BIML)

BCEM is managed by BIML, a subsidiary of Burj Energy International Management Limited (BEIML), the fund's Dubai-based sponsor. BIML oversees fund operations, investment decisions, and regulatory compliance.

Sponsor

Burj Energy International Management Limited (BEIML)

BEIML is the sponsor and majority shareholder (67.50%) of BCEM, bringing global experience in renewable energy investment management, development, construction, and operations.

Independent Oversight

Shariah Advisors & External Auditors

Independent Shariah certification and external audit ensure all operations remain compliant with Islamic finance principles and statutory reporting standards.

Shariah Advisor

Alhamd Shariah Advisory Services (Pvt.) Limited

Office 606, Dulara Business Center Maniya CHS, Main Khalid Bin Waleed Road, Karachi, Pakistan.

+92 322 2671867

External Auditors

BDO Ebrahim & Co. Chartered Accountants

Lakson Square Building No. 1, 9th Floor, Block C, Sarwar Shaheed Rd, Civil Lines, Karachi 74200, Pakistan.

(+92-21) 35683030

Management Team

BCEM is managed by a team of seasoned professionals with deep expertise across renewable energy, Islamic finance, capital markets, and infrastructure project delivery — ensuring institutional strength and sustained value creation.

Standards & Policies

Ethics & Compliance

Our governance policies promote integrity, transparency, and responsible stewardship across every level of the organization.

Code of Conduct

We uphold integrity, accountability, and respect across all operations, setting clear behavioral standards for directors, management, and staff.

Whistleblowing Channel

A secure, confidential channel for reporting concerns — protecting those who raise governance, compliance, or ethical issues in good faith.

Conflict of Interest Policy

Clear guidelines to identify, disclose, and manage conflicts of interest — ensuring all decisions prioritize certificate holder value.

Anti-Bribery & Corruption

Zero tolerance for bribery and corruption, with robust internal controls, due diligence procedures, and mandatory compliance training.

Governance Framework

BCEM operates through a dynamic, revolving organizational structure that breaks silos, enables cross-functional collaboration, accelerates decision-making, and allows capital and talent to move seamlessly across functions.

Board of Directors Leadership Committee Shariah Oversight External Audit Risk Management