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Welcome to NBFI & Modaraba Association of Pakistan

NBFI & Modaraba Association of Pakistan (The Association) was incorporated on 29th July, 2010 by merging Modaraba Association of Pakistan (MAP) and Leasing Association of Pakistan (LAP). The total numbers of members of the Association are 40 (forty) which includes 27 Modarabas, 10 Leasing companies and 3 investment banks.

The mission of the Association is to provide a forum to the Leasing & Modaraba Companies in Pakistan, to confer on all issues of common interest, to formulate join strategies for their operations. The Association is striving to restore the image of the Financial Services sector in Pakistan.

The Association provides a strong platform to members to liaise with the Regulatory Authorities to create an enabling environment for members to promote their business and contribute towards economic development of the country specially SME sector which is the backbone of Pakistan's economy and major job creator in the country.

In order to increase the membership of the Association and make it a true representative body of NBFI sector, the Memorandum of the Association provides for the inclusion of Modaraba, Leasing, Investment Finance Services, Housing Finance, Investment Advisory Services, Discounting Services, Private Equity/Venture Capital, REITS and such other business as permitted to be conducted by the members of the Association. By inviting all these entities, the scope of the Association can be widened.

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Latest News

KSE – 100 Index.

Allied Rental Modaraba re-entered in KSE – 100 Index.

New Executive Committee of NBFI & Modaraba Association of Pakistan.

New Executive Committee of NBFI & Modaraba Association of Pakistan took over the charge. First EC Meeting of the Association was held on 5th October 2012 under the chairmanship of Mr. Raheel Q. Ahmad.

Election 2012-13.

Mr. Raheel Q. Ahmad, CEO, Standard Chartered Modaraba elected as Chairman and Mr. Mohammed Khalid Ali, CEO, Security Leasing Corporation Limited as Vice Chairman of NBFI & Modaraba Association of Pakistan for the Year 2012-13

Launching Ceremony of Year Book 2011.

NBFI & Modaraba Association of Pakistan organized a launching ceremony of Year Book 2011 on Monday the 21st May 2012 at Karachi Marriott Hotel. Mr. Jawed Hussain, Registrar Modaraba was the Chief Guest.
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Trophy awarded to Standard Chartered Modaraba on its completion of 25 year of business operations.

NBFI & Modaraba Association of Pakistan awarded a trophy to Standard Chartered Modaraba on its completion of 25 year of business operations. Mr. Jawed Hussain, Registrar Modaraba, SECP awarded the trophy to Mr. Raheel Qamar Ahmad, CEO, Standard Chartered Modaraba in a ceremony held on Monday the 21st May 2012 at Karachi Marriott Hotel.
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Seminar on Revised Code of Corporate Governance.

NBFI & Modaraba Association of Pakistan organized a Seminar on “Revised Code of Corporate Governance” on Monday the 21st May 2012 at Karachi Marriott Hotel. Syed Asad Ali Shah, Managing Partner, M. Yousuf Adil Saleem & Co. Chartered Accountants, a member of Deloitte Pakistan, conducted the Seminar.
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Meeting of the Shariah Advisors on the panel of NBFI & Modaraba Association of Pakistan with Mr. Jawed Hussain, Registrar Modaraba.

The first meeting of the Shariah Advisors on the panel of NBFI & Modaraba Association of Pakistan with Mr. Jawed Hussain, Registrar Modaraba was arranged on Monday the 21st May 2012 at Karachi Marriott Hotel to discuss the various aspects of the Shariah Compliance and Shariah Audit Mechanism.
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