ABOUT US

Empowering the NBFI & Modaraba

The NBFI & Modaraba Association of Pakistan promotes the growth of the NBFI & Modaraba sector, advocating for a supportive environment that strengthens NBFCs and Modarabas to play an active role for sustainable growth of SME sector and It provides a platform for member companies to address shared challenges and develop collective strategies.

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.

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 Objectives

Association

Memberships

25

Investment Finance Services

04

Leasing Companies

17

Modarabas

Join Our Community & Shape the Future of NBFI & Modaraba

CREATIVE TEAM

Experience & our Professionals Team

Jullia Siger
Web Designer
Claire Divas
Human Resource
Makhaia Antitni
Human Resource
Harry Steve
Web Designer

Syed Izzat Hussain

Secretary General

Ghulam Haider

Accounts & Compliance Officer

Razia

Admin Officer

Muhammad Aslam

Rider

CLIENT TESTOMONIAL

What our clients say?

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Claire Divas

CFO/Founder

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Makhaia Antitni

Assistant Manager

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Rodney J. Sabo

CFO/Founder
LATEST NEWS

Explore the Latest News

Delve into our insightful news and blog posts to stay informed about critical industry trends and developments.

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14th Annual General Meeting

The 14th Annual General Meeting of the Association held on September 26, 2024 at the…

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Year Book 2023 LAUNCHING CEREMONY

Year Book 2023 LAUNCHING CEREMONY On May 16, 2024, the Year Book 2023 was officially…

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AML Capacity building session for SECP…

On May 13, 2024, a training session was held on “AML Capacity building session for…

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NATIONAL RISK ASSESSMENT 2023 (NRA 2023)…

Securities & Exchange Commission of Pakistan (SECP) held a physical and virtual awareness session on…

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13th Annual General Meeting

The 13th Annual General Meeting of the Association held on 05th October 2023 at the…

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Visit of Commissioner (SCD) SECP and…

A delegation of SECP, visited the office of the Association on May 18, 2023, comprising…

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Meeting with delegation of ADB 

A representative body of Asian Development Bank (ADB) comprising of Mr. Asad Aleem, Mr. Shaheryar…

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Awareness session on Common Reporting Standards…

NBFI & Modaraba Association of Pakistan in collaboration with Federal Board of Revenue (FBR) organized…

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International Conference by IoBM

The BankIslami Pakistan Limited organized an International Conference in collaboration with Institute of Business Management…

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12th Annual General Meeting and Election…

The 12th Annual General Meeting of the Association held on 27th September 2022 at the…

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MoU with Hamdard University

Photograph taken at MoU signing ceremony between NBFI & Modaraba Association of Pakistan (NBFI &…

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Meeting of Chief Executive of Modaraba…

A view of the participants of the Meeting. Mr. Basheer A. Chowdry, Chairman NBFI &…

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MoU with the Institute of Cost…

Photograph taken at MoU signing ceremony between NBFI & Modaraba Association of Pakistan (NBFI &…

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Seminar on Islamic Banking & Finance…

The BankIslami Pakistan Limited organized a seminar on Islamic Banking & Finance “Emerging Trends and…

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YEAR BOOK 2021 LAUNCHING CEREMONY

The 12th Year Book of NBFI and Modaraba Association of Pakistan was unveiled at a…

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Workshop on “Applicability of IFRS-9”

NBFI & Modaraba Association of Pakistan in collaboration with Securities & Exchange Commission of Pakistan…

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NBFI & Modaraba Association of Pakistan…

NBFI & Modaraba Association of Pakistan and The Institute of Business Management (IoBM), Karachi, signed…

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INTERACTIVE SESSION ON IFRS-9, ITS APPLICABILITY…

Association has 45 members and of these, 18 have already adopted IFRS-9 revealing that 27…

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Year Book 2022 LAUNCHING CEREMONY

On July 24, 2023, the Year Book 2022 was officially launched with a remarkable unveiling…

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Meeting with Dr. Imam Uddin &…

A meeting with Dr. Imam Uddin and Khwaja Masood Raza of Institute of Business Management…

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Meeting with KATI

A delegation comprising 1) Mr. Raheel Qamar Ahmad - Chairman, NBFI & MAP and CEO,…

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Meeting with delegation of FPCCI

A delegation of FPCCI comprising: 1) Mr. Ghazanfar Ali Khan, 2) Mr. Khalid Tawab, 3)…

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11th Annual General Meeting and Election…

The 11th Annual General Meeting of the Association held on 28th September 2021 at the…

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Launching of Year Book 2020 and…

NBFI & MODARABA SECTOR NEEDS TO EXPAND ITS ROLE AS IT POSSESSES ENORMOUS UNTAPPED POTENTIAL…

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Country Report on Non-Banking and Modaraba…

Launching Ceremony of Country Report 2020 on Non-Banking and Modaraba sector was held on 25th…

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ISLAMIC FINANCE CENTRE, SARMAYAKARI MARKAZ, MANSEHRA…

NBFI & Modaraba Association of Pakistan established “Islamic Finance Centre” at Sarmayakari Markaz, Mansehra Road,…

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Sarmayakari Markaz Abbottabad to establish “Islamic…

The Association entered into an agreement to acquire an office premises at Sarmayakari Markaz Abbottabad…

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NBFI & Modaraba Association of Pakistan…

A MoU was signed between NBFI & Modaraba Association of Pakistan & Institute of Cost…

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Best Performance Awards 2018

NBFI & Modaraba Association of Pakistan also arranged Best Performance Awards Distribution ceremony for the…

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Launching of Year Book 2018

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2018 on…

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1st Meeting of FPCCI Standing Committee…

1st meeting of FPCCI Standing Committee on NBFI & Modaraba held on June 21, 2019…

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Meeting with IBA-CEIF Team

The Association intends to get a Research Report prepared by IBA-CEIF on NBFI & Modaraba…

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Meeting with President, KCCI

A delegation led by Mr. Raheel Q. Ahmad, Chairman accompanied by Mr. Muhammad Shoaib Ibrahim,…

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5th DGTO Consultative Session

The Directorate General of Trade Organization in collaboration with Pakistan Knitwear & Sweater Exporters Association…

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Luncheon Meeting with Mr. Omar Mustafa…

NBFI & Modaraba Association of Pakistan arranged a luncheon meeting with Mr. Omar Mustafa Ansari,…

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A visit of the delegation of…

A delegation of Indus Motor Company Limited led by Mr. Keiji Tani, Project General Manager…

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Interactive session on applicability of IFRS-9

In order to discuss the applicability of IFRS-9 on Modarabas and Leasing Companies and other…

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Half Day Workshop on Anti Money…

NBFI & Modaraba Association of Pakistan organized a Half Day Workshop on Anti Money Laundering…

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Half Day Workshop on IFRS-9 /…

NBFI & Modaraba Association of Pakistan organized a Half Day Workshop on IFRS-9 / SECP…

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Evolution of Islamic Financial System in…

The Association organised a talk by Mufti Irshad Ahmad Aijaz, renowned Shariah Scholar and Chairman,…

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Half Day Workshop on Anti Money…

NBFI & Modaraba Association of Pakistan organized a Half Day Workshop on Anti Money Laundering…

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Meeting with Orient Rental Modaraba

A delegation of NBFI & Modaraba Association of Pakistan led by Mr. Raheel Q. Ahmad,…

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8th Annual General Meeting

The 8th Annual General Meeting of the Association held on 26th September 2018 at the…

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Link Financial Review 2018 of Business…

Clich Here To View

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Election Results 2017-18

Mr. Basheer A. Chowdry has been elected Chairman for the Year 2017-18 while Mr. Muhammad…

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Law Seminar on “Corporate Governance, Compliance…

NBFI & Modaraba Association of Pakistan in collaboration with Pakistan Global Law Academy organized a…

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Presentation on Modaraba sector in Pakistan

A delegation of International Shariah Research Academy for Islamic Finance (ISRA) Malaysia comprising of Dr.…

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Half Day Workshop on AAOIFI Shariah…

NBFI & Modaraba Association of Pakistan organized a Half Day Workshop on “AAOIFI Shariah Standards”…

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Best Performance Awards Distribution 2017

NBFI & Modaraba Association of Pakistan also arranged Best Performance Awards Distribution ceremony for the…

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Launching Ceremony of Year Book 2017

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2017 on…

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Presentation on Significant Changes in The…

NBFI & Modaraba Association of Pakistan organized a presentation on “Significant Changes in The Companies…

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SAFA Best Presented Account Award -2016…

South Asian Federation of Accountants (SAFA) in its award ceremony held at Kathmandu, Nepal on…

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_NBFI & Modaraba to be benefited…

12 Business Recorder KarachiClick here to View

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Presentation on Commodity Murabaha Transactions

NBFI & Modaraba Association of Pakistan organized a presentation on “Commodity Murabaha Transactions” on Wednesday…

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7th Annual General Meeting

The 7th Annual General Meeting of the Association held on 26th September 2017 at the…

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Meeting with Registrar Modaraba

An interactive session with Mr. Jawed Hussain, Registrar Modaraba, SECP was held with the Rules…

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Launching Ceremony of Year Book 2016&…

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2016& Distribution…

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Half Day Workshop on “New Company…

NBFI & Modaraba Association of Pakistan organised a Half Day Workshop on “New Company Law…

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SECP Chief Inaugurates Islamic Financing facility…

The Chairman SECP, Zafar Hijazi, on Thursday the 1st December 2016 inaugurated an Islamic financing…

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Election Results 2016-17

Mr. Ayaz Dawood has been elected Chairman for the Year 2016-17 while Mr. Murtaza Ahmed…

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6th Annual General Meeting

6th Annual General Meeting of the Association held on 21st September 2016 at the Conference…

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Half Day Workshop on “SUKUK”

NBFI & Modaraba Association of Pakistan organized a Half Day Workshop on “SUKUK” on Tuesday…

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SECP GRANTED AUTHORIZATION TO FLOAT TWO…

The Securities & Exchange Commission of Pakistan (SECP) has issued formal authorization to the following…

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Luncheon Meeting with Mian Muhammad Adrees,…

NBFI & Modaraba Association of Pakistan arranged a luncheon meeting with Mian Muhammad Adrees, Chairman,…

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The Association organised a presentation on…

“The Association organised a presentation on Mandatory Certification for the professional of NBFCs and Modarabas…

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Launching Ceremony of Year Book 2015…

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2015 &…

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Workshop on Practical Problems in Ijarah…

NBFI & Modaraba Association of Pakistan organized a workshop on “Practical Problems in Ijarah &…

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SECP has extended the date of…

ISLAMABAD: After receiving numerous complaints from companies that maintaining specific information in Urdu language at…

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Meeting with world bank team

A meeting was held on 8th December, 2015 at the office of SECP with World…

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Workshop on Islamic Finance

NBFI & Modaraba Association of Pakistan organized a Workshop on “Islamic Finance” on Thursday the…

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MoU Signing Ceremony

NBFI & Modaraba Association of Pakistan & Pak-Qatar General Takaful Limited signed an MoU on…

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Interview of Mr. Muhammad Shoaib Ibrahim,…

Mr. Muhammad Shoaib Ibrahim, Chairman and Mr. Muhammad Samiullah, Secretary General, NBFI & Modaraba Association…

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Best Corporate Report Award– 2014

Joint Committee of Institute of Chartered Accountant of Pakistan (ICAP) and Institute of Cost &…

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Workshop on Islamic Modes of Financing

NBFI & Modaraba Association of Pakistan is organizing one day workshop on “Islamic Modes of…

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First Habib Modaraba announced their financial…

First Habib Modaraba announced their financial results for the year ended June 30, 2015 and…

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Launching Ceremony of Year Book 2014

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2014 on…

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Distribution of Best Performance Awards 2014

Best Performance Award Ceremony of NBFI & Modaraba Association of Pakistan held on Thursday February…

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Welcome Shield

During the year 2014-15 two new members joined the NBFI & Modaraba Association of Pakistan…

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Election Results 2014-15

Mr. Muhammad Shoaib Ibrahim has been elected Chairman for the Year 2014-15 while Mr. Naveed…

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4th Annual General Meeting

4th Annual General Meeting of the Association was held on 19th September 2014 at the Conference Hall…

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Launching Ceremony of Year Book 2013

NBFI & Modaraba Association of Pakistan arranged a launching ceremony of Year Book 2013 on…

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Distribution of Best Performance Awards 2013

Best Performance Award Ceremony of NBFI & Modaraba Association of Pakistan held on Friday January…

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Workshop on “Risk Management”

NBFI & Modaraba Association of Pakistan organised a one day workshop on “Risk Management” on…

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Meeting with the delegation of Mauritius

On November 20, 2013 a delegation from Mauritius along with the representatives of Meezan Bank…

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Dinner to the participants of the…

On November 18, 2013 NBFI & Modaraba Association of Pakistan arranged dinner to the participants…

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Election Results 2013-14

Mr. Murtaza Ahmed Ali has been elected Chairman for the Year 2013-14 while Mr. Ahsanullah…

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3rd Annual General Meeting

3rd Annual General Meeting of the Association was held on 20th September 2013 at the…

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Launching Ceremony of Year Book 2012

Launching Ceremony of Year Book 2012NBFI & Modaraba Association of Pakistan arranged a launching ceremony…

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Meeting of the Shariah Advisors on…

The first meeting of the Shariah Advisors on the panel of NBFI & Modaraba Association…

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Seminar on Revised Code of Corporate…

NBFI & Modaraba Association of Pakistan organized a Seminar on “Revised Code of Corporate Governance”…

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Trophy awarded to Standard Chartered Modaraba…

NBFI & Modaraba Association of Pakistan awarded a trophy to Standard Chartered Modaraba on its…

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Launching Ceremony of Year Book 2011

NBFI & Modaraba Association of Pakistan organized a launching ceremony of Year Book 2011 on…

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Workshop on “Shariah Compliance and Shariah…

NBFI & Modaraba Association of Pakistan is organizing a four days workshop on “Shariah Compliance…

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Workshop on “Shariah Compliance and Shariah…

Mr. Murtaza Ahmed Ali, Vice Chairman, NBFI & MAP distributed Certificates to the participants of…

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Best Performance Award Distribution Ceremony 2010

Mr. Murtaza Ahmed Ali, CEO Allied Rental Modaraba, receiving award from Mr. Muhammad Ali, Chairman…

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Workshop on “Shariah Principles For Islamic…

Introductory Session of the training course on "Shariah Principles for Islamic Bank & Finance" organized…

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First Annual General Meeting of NBFI…

L-R: Mr. Muhammad Samiullah, General Secretary, Mr. Basheer A. Chowdry, Chairman, Mr Murtaza Ahmed Ali, Vice…

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Workshop on “Sindh Sales Tax on…

On September 19, 2011 the Association arranged the second workshop for the staff of Member…

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Workshop on “Overview of Assets &…

The Association arranged a workshop on May 10, 2011 on "Overview of Asset & Liabilities…

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Launching Ceremony of First Year Book…

Mr. Basheer A. Chowdary, Chairman NBFI & MAP(left), Mr. Muhammad Ali, Chairman SECP(Middle) and Mr.…

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