Lord Sheikh is the Chairman and Director of Iqra Ethical plc (Islamic and ethical insurances & financial services) and Macmillan Sheikh plc (Conventional insurances & financial services) which have offices in Westminster, London. In addition he is the Chairman of two successful property companies.
He used to be Chairman and Chief Executive of another company which he sold recently. Under his leadership this company were the winners, or highly commended, on 13 insurance awards, including the most prestigious awards in the industry. No other organization has achieved this recognition.
Lord Sheikh has also been honoured by the presentation of several personal awards which have been given to him for his achievements, leadership, business success and humanitarian work.
He has been the President of the Chartered Insurance Institute and Chairman of the British Insurance Brokers Association on two separate occasions and was a Director of the main board of the Association for four years. In this regard he was the first foreigner to hold these positions. He has also held senior positions in other financial and insurance organisations.
For a period of 12 years Lord Sheikh was a visiting lecturer at various colleges and polytechnics and in addition to lecturing he has also written educational material. He belongs to three Livery companies and is in fact a Freeman of the City of London. He has written extensively on insurance subjects in various publications and he speaks at numerous meetings and conferences on business as well as leadership matters. Lord Sheikh is now actively involved in promoting Islamic Finance in the United Kingdom and globally.
Lord Sheikh was elevated to the House of Lords in 2006. He was in fact the first Muslim to be appointed a Peer by the Conservative Party. He is an active Peer and speaks regularly in the House of Lords on a variety of subjects.
He is a Vice-Chairman of Associate Parliamentary Group on Islamic Finance.