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  • Mr. Raheel Qamar Ahmad has been elected Chairman for the Year 2021-22 while Mr. Karim Hatim as Senior Vice Chairman and Mian Faysal Riaz as Vice Chairman of NBFI & Modaraba Association of Pakistan
  • The Association Launched Year Book 2020 on 29th June 2021 through zoom video link as well as physically at the Association's Secretariat, Karachi. Mr. Aamir Khan, Chairman, SECP was the Chief Guest. Mr. Farrukh H. Sabzwari, Commissioner, Ms. Khalida Habib, Executive Director, Ms. Bushra Aslam, Registrar Modaraba, Ms. Musarat Jabeen, Executive Director and other senior members of the SECP. Chief Executives of Modarabas, Leasing Companies, Investment Finance Services, Shariah Advisors and senior officials from other financial entities also participated.
  • The Association Launched Country Report 2020 on Non-Banking and Modaraba sector on 25th January 2021 at IBA Auditorium, Karachi. Dr. Ishrat Husain, Advisor to the Prime Minister was the Chief Guest. Dr. Akber Zaidi, Executive Director IBA & Mr. Farrukh H. Sabzwari, Commissioner, SECP also addressed the participants. Mr. Basheer A. Chowdry, Chairman, presented the Report to Dr. Akber Zaidi.



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.