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  • Mr. Basheer A. Chowdry has been elected Chairman for the Year 2020-21 while Mr. Muhammad Naimuddin Farooqui as Senior Vice Chairman and Mr. Irfan Ahmed as Vice Chairman of NBFI & Modaraba Association of Pakistan.
  • 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.
  • 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.


SECP Chief Inaugurates Islamic Financing facility centre in Rawalpindi

The Chairman SECP, Zafar Hijazi, on Thursday the 1st December 2016 inaugurated an Islamic financing facility centre in Rawalpindi, which will help the common people to avail themselves of affordable financing on Islamic Sharia principles to buy motorcycles and other products in due course of time.

The centre will be operated initially by four Modarabas i.e. Allied Rental Modaraba, First Habib Modaraba ORIX Modaraba and Trust Modaraba. They will provide micro-financing to the customers at cheaper rate ranging between 20 to 25% as against the prevalent market rates of 40 to 45%.