Bachelor of Business Administration, University Karachi, Pakistan, 1954. Master of Business Administration, University Karachi, Pakistan, 1956. Doctor of Philosophy in Economics, University Minnesota, 1961.
Teaching and research assistant University Minnesota, 1957-1960. Assistant professor economics University Wisconsin, Platteville, 1960-1961, 63-64. Senior economics, associate editor The Pakistan Development Review Pakistan Institute Development Economics, Karachi, 1961-1962.
Reader economics Central Institute Islamic Research, 1962-1963. Associate professor economics University Kentucky, Lexington, 1964-1965. From economic advisor to senior economic advisor Saudi Arabian Monetary Agency, 1965-1999.
Research adviser Islamic Development Bank, Jeddah, since 1999. Editorial advisory board member, referee The Economic Journal, The Pakistan Development Review, American Journal Islamic Social Scisl., Journal Islamic Studies, Islamic Studies, Review Islamic Economics, Journal Islamic Economics, Islamic Economics Journal, Hamdard Islamicus, Journal Objective Studies, The Kashmir Economic Review, Pakistan Journal Applied Economics, Journal Development Studies. Contributor articles to professional journals.
Married Khairunnisa Jamal Mundia. Children: Maryam, Anas, Sumayyah, Ayman.