The organization takes its name from the deceased founder of Sipah-e-Sahaba, Haq Nawaz Jhangvi, who was killed in a bomb attack by unknown assailants believed to be sponsored by a Shia group on 23 February 1990.

[13] Basra had a bounty of 5 million rupees on his head and he was eventually killed, reportedly in a shootout in May 2002, in Kot Choudhary Sher Muhammad Ghalvi, Dokota, a Shia village in Vehari district, Punjab.

[4][7][9][14] Basra and three other Lashkar-e-Jhangvi members had come to stage an attack on Choudhary Fida Hussain Ghalvi, a prominent Shia leader, but were met with armed resistance by local villagers.

According to one report, a special police brigade arrived to support a half-hour later, ending the fight, during which all four Lashkar-e-Jhangvi members were killed.

[9][15] Doubts have been expressed about this version of events because Basra was reported to be in police custody at the time of this shootout[1][15][16][17] and hardly anyone believes this account to be true.