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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.



To serve as an effective platform for the members of NBFI and Modaraba sector, to facilitate the growth, profiling and competitive power of NBFI & Modaraba Association members through collective and coordinated efforts.

Mission Statement

To provide effective forum to address common and/or relevant issues, make available necessary support, facilitate to succeed through effective liaison, appropriate counselling, product innovation, research, capacity building and create conducive working environment based on trust, integrity and reliability.

Our Values

  • Collaboration
  • Integrity
  • Fairness
  • Excellence
  • Responsiveness

Core Objective

  • To represent, profile and promote NBFI and Modaraba industry and protect the interest of Members.
  • To encourage Islamic trade and finance through Modaraba venture and provide innovative Shariah compliant financial solutions for further progress and growth of the Modaraba sector.
  • To maintain an active coordination and a relationship of trust with the regulatory authorities to achieve a consultative and supportive regulatory environment.
  • To support environment where members work together to solve common challenges by sharing ideas and helping & supporting each other.
  • To migrate best international practices and make information and analysis available on the profile and performance of individual members and the sector.
  • To broaden the base of association through induction of new members from different segments within the NBFIs sector.
  • To promote good governance, encourage performance based culture within members.
  • To enhance professional capacity of members through workshops, seminars and interactive sessions.