Member Login

  • NBFI & Modaraba Association of Pakistan has established Regional Office of the Association at Lahore
  • The 8th Annual General Meeting of the Association held on 26th September 2018 at the Conference Hall of the Association.
  • Mr. Raheel Qamar Ahmad has been elected Chairman for the Year 2018-19 while Mr. Muhammad Adil Ghaffar as Senior Vice Chairman and Mr. Shiraz Butt as Vice Chairman of NBFI & Modaraba association of Pakistan.
  • NBFI & Modaraba Association of Pakistan in collaboration with Pakistan Global Law Academy is organizing a “Law Seminar on Corporate Governance, Compliance & Litigation in Pakistan” on Wednesday the 2nd May 2018 at Karachi Gymkhana Auditorium
  • NBFI & Modaraba Association of Pakistan launched its Year Book 2017 on 14th February 2018.

Mr. Muhammad Shoaib Ibrahim (Chairman)

Muhammad Shoaib is associated with First Habib Modaraba since its inception. Presently he is working as Chief Executive Officer. His extensive working experience in Non-Banking Islamic Financial institutions for more than two decades makes him senior most person with such rich experience of Islamic Finance in Pakistan. This intense exposure gave him the insight into the financial and technical aspects of fund management in Islamic way. He has done Master's in Business Administration (MBA) in Banking and Finance.

He has completed Post Graduate Diploma (PGD) in Islamic Banking and Finance from Centre of Islamic Economics (Darul Ulum), Karachi, Pakistan. He is also Certified Islamic banker from Professional's Institute of Excellence who are academic partner of University of Marathon U.S.A. and Pakistan Institute of Banking Studies, Pakistan. On number of occasions he remained Executive Committee Member of Modaraba Association of Pakistan and also remained the Chairman of Modaraba Association of Pakistan & NBFI & Modaraba Association of Pakistan.

Mr. Ahsanullah Khan (Senior Vice Chairman)

Mr. Ahsanullah Khan has recently rejoined Saudi Pak Leasing as its Chief Executive/MD with the aim to revive the company which is facing acute financial distress. He has also served this Organization as its Chairman and Chief Executive Officer in the past. He is a seasoned and senior banker groomed and trained in an international commercial banking environment at home and abroad having worked for more than four decades with the leading International commercial and investment banks and financial institutions from middle management to the topmost cadre in the financial sector nationally and internationally at financial hubs like Karachi, Dubai and Singapore. His credentials and experience speak loudly of his having command over besides, effective inter-personal and communication skills and professional computer literacy in the different disciplines of banking and finance.

He has also held following significant positions:

1.Vice Chairman – Investment Bank Association 2014 to 2017
2.Director/Chairman Board of Directors – Saudi Pak Leasing Company(2014-15)
3.Former CEO/Managing Director – Saudi Pak Leasing Company
4.Former Chairman Standing Committee FPCCI – NBFI & Modaraba Association
5.Former Senior Vice-Chairman – NBFI & Modaraba Association 2013-14

Mian Faysal Riaz (Vice Chairman)

Mian Faysal Riaz thirty (30) years of diverse experience, having worked in all front line revenue generating business segments of the leasing industry which include Corporate, Commercial Vehicle Division, Auto Lease/Financing, Operating and Micro Finance. A forward-thinking and creative individual with high ethical standards and result oriented professional image along with strong commercial acumen, effective negotiation & presentation skills, strategic & operational planning and leadership skills. Having a vast and diversified experience in leading, managing and mentoring teams.

He joined ORIX Leasing Pakistan Limited on May 2nd, 1991 and currently he is Head of Marketing and Managing North Operations.

Mr. Syed Wajih Hassan (Member)

Syed Wajih Hassan is Fellow of Chartered Accountant. He holds 20+ years of professional experience serving in MNC’s including leading Financial Institutions and IT companies at middle to senior level positions, before joining as CEO of First Paramount Modaraba. Having vast experience in the field of business and finance, Wajih has been instrumental in introducing new ventures to the Modaraba using Musharika and Modaraba modes of investments.

Mr. Karim Hatim (Member)

Mr. Karim formerly served as Group Head Advisory & Strategic Investment Group of Pak Brunei. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan with twenty years of post- qualification experience of working in Non- Banking Finance Companies and Development Finance Institutions in various management cadres including Chief Operating Officer and Group Head. Areas of specialization include development and implementation of business strategies, turnaround of companies as well as investment banking divisions of development finance companies with emphasis on revival of sick units and financial advisory, recovery and restructuring of infected portfolios, corporate finance, treasury, capital, market operations, finance and credit appraisals.

Mr. Shuja Malik (Member)

Mr. Shuja Malik is an Accounting and Finance graduate from the University of East London. He has experience of over 20 years in banking, sales and marketing of agro chemicals, stock market trading, pharmaceuticals, etc. He had previously been on the boards of two public limited companies, namely, Searle Pakistan Limited and United Brands Limited. Currently he is on the board of First UDL Modaraba.

Mr. Aamir Malik (Member)

Mr. Aamir Malik joined First Punjab Modaraba on April 29, 2014 as Chief Executive.

He holds Commerce Degree from Punjab University, Master Degree in Business Administration from Virtual University; DAIBP from Institute of Bankers in Pakistan and Certified Director from ICAP.

He has served The Bank of Punjab for over 22 years and has diversified experience of handling banking affairs covering Credit/Risk, Branch Banking, Foreign Trade, Recovery and SAM on different senior management positions. He remained Member Executive Committee of the Association in the past.

Mr. Mohammed Sadiq Sheikh (Member)

Mr. Mohammed Sadiq Sheikh is presently the CEO of Modaraba Al-Mali, managed by BankIslami Modaraba Investments Ltd, since January 2019. He is also an Executive Committee Member of NBFI & Modaraba Association.

He has over 45 Years of varied professional experience in Commercial Banking, Leasing and Modaraba sectors. He has worked with MCB Bank Ltd, Union Bank of the Middle East Ltd, Emirates Bank International Plc, KASB Bank Ltd and BankIslami Pakistan Ltd. During his tenure as Managing Director & CEO of Pakistan Industrial & Commercial Leasing Ltd he also interacted with ADB, IFC, KFW and World Bank with respect to financing to the Leasing Company. He was also CEO of First Pak Modaraba.

Mr. Sheikh is a Commerce Graduate from University of Karachi and hold professional qualification of DAIBP & Fellow of Institute of Bankers, Pakistan.”

Mr. Muhammad Shahzad (Member)

Mr Muhammad Shahzad is a member of the Institute of Cost and Management Accountant of Pakistan (ICMAP) having a professional experience of over twenty-five years ranging from financial reporting, regulatory compliance, budgeting and taxation to corporate and secretarial practices including 12 years of experience with the regulated NBFCs. He has also passed the examinations of the Chartered Institute of Management Accountants, UK (CIMA).

He is presently Chief Financial Officer and Company Secretary of SME Leasing Limited, a public sector company listed on Pakistan Stock Exchange. He has also served at Faysal Asset Management Limited; Beaute Pakistan International; Security Investment Bank Limited, and some other entities at different positions.

Mr. Shabbir Ahmed Jamsa (Member)

Mr. Shabbir Ahmed Jamsa is currently serving as G.M Taxation/ Legal affairs and Company Secretary in First Imrooz Modaraba. He is a seasoned expert with more than 43 years of experience in Audit, Taxation and Legal matters. He is commerce graduate and done article ship from M.B. Mana & Co. Chartered Accountants. Prior to joining First Imrooz Modaraba, he served as Tax Manager in a law firm M/s Mahmood Law Associates.

Directly reporting to the Board of Directors, he is responsible for ensuring that the organization complies with best practices and maintains standards of Corporate Governance and Shariah Compliance. Mr. Jamsa is also handling taxation, legal and corporate affairs.