Executive Committe Members

NBFI Modaraba > Executive Committe Members

Executive Committee Members 2026-28

Muhammad Shoaib Ibrahim (Chairman)

Education:

Master of Business Administration (MBA) in banking and
finance from the Institute of Business Administration (IBA).
Post Graduate Diploma (PGD) in Islamic Banking from the
Centre of Islamic Economics (Darul Ulum)

Experience:

With more than two decades’ experience in non-Bank
Islamic financial institutions and Modarabas, he is a senior
expert on this topic in Pakistan. This experience has given
him insight into the financial and technical aspects of the
non-banking Islamic financial activities covering financial
services, equity market and asset management. Under his
leadership, at present, FHM is well positioned in the Islamic
financial market with a strong equity base, sound assets size
and profitability within the Modaraba sector of Pakistan.
Moreover, FHM has secured several awards/accolades on
best performance, best corporate report, best corporate
disclosure and corporate excellence from reputable bodies,
such as NBFI and Modaraba Association, ICAP and ICMAP,
Management Association of Pakistan, and SAFA an apex
body of SAARC during his tenor as CEO of FHM. He has
presented research papers on the Modaraba and other
Islamic financial products at different local and international
forums. He also holds following positions in different
prestigious institutions. a) Member of SECP Committee of
promotion of Islamic Finance within Non-Banking Islamic
Finance Institutions. b) Former Chairman of NBFI and
Modaraba Association of Pakistan c) Past President of
Memon Professional Forum d) Ex-committee Members of
FPCCI on SME Currently he is Country Correspondent of
Islamic Finance News, Malaysia and also Senior Vice
President of Vanthali Memon Association.

Present Designation in the Company:

Designation

CEO & Managing Director
First Habib Modaraba

Since when

Independent Directorship:

 

Company Membership with the Association:

Since inception of the Association

Mian Faysal Riaz (Senior Vice Chairman)

Education:

Bachelor’s degree in Economics & Statistics

Experience:

Mian Faysal Riaz is serving as Chief Operating Officer of OLP
Financial Services Pakistan Limited (OLP). He joined OLP in
1991 and has over 35 years of progressive experience with the
Company, including 15 years of C-level and senior executive
experience. He has served at various positions and locations,
progressing from Credit & Marketing Officer to his current role
as Chief Operating Officer. Mr. Faysal has extensive experience
in business development, corporate and SME financing, credit
and portfolio management, risk and recoveries, operations
and strategic business management. He has led OLP’s
Corporate Lease business, North Operations and the Lahore
region, and has played a key role in expanding the Company’s
geographical outreach and business portfolio. He is also
serving as Director of OLP Modaraba and is a member of its
Risk Committee and Audit Committee, besides serving as
Senior Vice Chairman of the NBFI & Modaraba Association of
Pakistan and Chairman of the OLP Employee Contributed
Provident Fund. He is a member of OLP’s Management
Committee (MANCOM), ALCO, Credit Committee and IT
Committee. Mr. Faysal has attended various executive and
management development programs, including Senior
Executive Orientation at ORIX Corporation, Tokyo, the ORIX
Executive Forum, ORIX Leadership Program in Hong Kong &
China, Management Orientation programs at ORIX Australia &
Singapore, and the Executive Management Development
Program at LUMS.

Present Designation in the Company:

Designation

Chief Operating Officer
OLP Financial Services Pakistan
Ltd.

Independent Directorship:

None

Company Membership with the Association:

Since inception of the Association

Abdul Rauf Chandio (Vice Chairman)

Education:

Masters

Experience:

Mr. Abdul Rauf Chandio joined Sindh Modaraba Management
Limited (SMML) as Non-Executive Director and was
subsequently appointed as Chief Executive Officer on 10 th July
2024.
He has over three decades of corporate and investment
banking experience and has held senior leadership positions at
Sindh Bank, Summit Bank, PICIC, NDFC and UBL. He also
remained Director on Board of Sindh Micro Finance Bank.
His expertise covers conventional and Islamic banking,
strategic alliances, business growth and sustainable financial
performance.

Present Designation in the Company:

Designation

Chief Executive Officer &
Executive Director
Sindh Modaraba

Since when

October 2023

Independent Directorship:

None

Company Membership with the Association:

Since 2015

Waqas Ahmad Khwaja (Member)

Education:

MBA (Finance), IBA University of the Punjab
Diploma in Business Administration, LUMS

Experience:

Mr. Waqas Khwaja is a seasoned financial services
professional with over 29 years of experience in Business
Development, Portfolio Management, Credit Risk
Management, and strategic planning across Non-Banking and
Banking sectors. Prior to joining OLP Modaraba, he has
worked with a number of prestigious financial institutions
including OLP Financial Services Pakistan Limited, Crescent
Commercial Bank Ltd (Now SAMBA BANK), Pakistan Industrial
Leasing Corporation Limited (PILCORP), etc. He has strong
leadership track record in driving growth, improving portfolio
quality, and managing cross-functional teams.

He has also attended various national and international
courses and programs related to Management Development,
Project Appraisal, SME Financing, Islamic Modes of Financing,
etc. He has done Masters in Business Administration in
Finance from IBA-University of the Punjab and Diploma in
Business Administration from LUMS.

Present Designation in the Company:

Designation

Managing Director & CEO
OLP Modaraba

Since when

June 12, 2026

Independent Directorship:

N/A

Company Membership with the Association:

Since inception of the Association

Javed Iqbal (Member)

Education:

MA Political Sciences

Experience:

Javed Iqbal brings 35 years of banking experience across
Investment, Corporate, Commercial, and SME Banking. He has
held senior leadership roles at Faysal Bank, UBL, Standard
Chartered Bank, and Bank Alfalah. His expertise includes SME
growth, financial inclusion, sustainable finance, and developing
advisory solutions such as SME Toolkit to support businesses
and strengthen the SME ecosystem.

Present Designation in the Company:

Designation

Chief Executive Officer
Parwaaz Financial Services Ltd.

Since when

2022

Independent Directorship:

 N/A

Company Membership with the Association:

December 2022

Naweed Akhtar Sharif (Member)

Education:

MBA – Finance from LUMS

Experience:

Mr. Naweed Sharif is the Founder, CEO and the key
sponsor of Smart Finance Limited. Naweed has over 30
years of banking experience working with American
Express Bank, Deutsche Bank AG & UBL in Pakistan and
Singapore. His last assignment, until 9/2017, was with UBL
as Group Head – Corporate & Investment Banking.

Since 9/2017, Naweed was working as a Consultant with
the IFC, the World Bank Group's organization associated
with the Financial Institutions Group -Advisory Services for
Europe, Middle East & North Africa. He was assisting the
IFC teams on advisory mandates with Banks in Pakistan
and Africa from 11/2017 to 06/2022, in the areas of Supply
Chain Finance, SME Banking, Trade Services and Corporate
Banking.

In his personal capacity, Naweed has been providing
consulting and advisory services to diverse client base
under Naweed Sharif Consulting, which is a sole
proprietorship. The firm specializes in the areas of
Corporate & Investment Banking, Project Finance, Debt &
Equity Capital Markets, Trade Finance, Foreign Exchange,
Compliance etc.

1n 2021, Naweed set-up Smart Finance as Pakistan’s first
NBFI to provide Discounting Services to MSMEs sector.

Naweed obtained a degree of Masters in Business
Administration with Finance Majors in 1988 and was part
of first MBA batch of the Lahore University of
Management Sciences.

Present Designation in the Company:

Designation

Founder & CEO
Smart Finance Limited

Since when

Nov 05, 2021

Independent Directorship:

·         Quaid e Azam Thermal Power Limited

·         Nagina Cotton Mills

Company Membership with the Association:

March 27, 2024

Faiq Sattar Khan (Member)

Education:

1. MBA – Institute of Business Administration, Karachi

2. B. Sc. Textile Engineering – National Textile University,
Faisalabad

Experience:

Faiq holds a bachelor’s degree in textile engineering and MBA
from IBA, Karachi. He also holds Post Graduate Diploma in
Impact Investing from Said Business School, University of
Oxford. He is also currently pursuing his Dars-e-Nizami studies
and is enrolled in 6 th year of the same.

He has 15+ years of experience in regulated financial sector
including Consumer Banking, credit evaluation of Non-Bank
Microfinance Companies, Fintech based companies, and
Emerging markets Private debt & Equity investments. He was
working with NBFC sector in Pakistan since 2013 and have
experience at both supply and demand side of the same. Prior
to Asaan Ghar, he was serving as Senior Vice President
(Regional Head) at SIMA, LLC, where he was heading the
company’s Pakistan and West Africa operations successfully
for 5+ years. In Pakistan, he was managing one of the largest
foreign private debt portfolios (USD. 35 million) with Pakistani
microfinance institutions. During his tenure at SIMA, he has
placed and successfully retrieved USD. 85 million debt
investments across 11 countries with no delinquency.

Present Designation in the Company:

Designation

Co-Founder & Chief Executive Officer
Asaan Ghar Finance Ltd.

Since when

2022

Independent Directorship:

Executive Director

Company Membership with the Association:

June 2023

Syed Nauman Akhtar (Member)

Education:

MA Economics from KU

Experience:

Syed Nouman Akhtar brings with him over 26 years of
experience in the financial sector of Pakistan. He has vast
experience in such diverse fields as Credit & Marketing,
Corporate & Investment Banking, Risk Management, Credit
Controls, Operations, Credit Administration, Recovery & Legal
matters. He has worked with various NBFC’s such as Security
Leasing Corporation Limited, Alfalah GHP Funds, Standard
Chartered Leasing (A wholly owned subsidiary of Standard
Chartered Bank), Islamic Investment Bank, Dawood Investment
Bank, UDL Modaraba, and Atlas Investment Bank Limited. Syed
Nouman Akhtar also served as CEO of Security Leasing
Corporation Limited a listed Non-Banking Finance Company.
Currently, serving as the Chief Operating Officer of Cordoba
Financial Services Limited.

Present Designation in the Company:

Designation

Chief Operating Officer
Cordoba Financial Services Ltd.

Since when

November 2022

Independent Directorship:

None

 

Company Membership with the Association:

June 15, 2023

 

Shiraz Butt (Member)

Education:

Master’s degree in business administration

Experience:

Mr. Shiraz Butt is a finance and business executive with over
29 years of diversified experience across Pakistan’s leasing,
investment banking, and Modaraba sectors. He currently
serving as Chief Operating Officer and Company Secretary of
First Punjab Modaraba, where he leads strategy, operations,
finance, and regulatory compliance.

He began his professional career in 1996 with a leasing
company and transitioned to the Modaraba sector in 1999,
where he has since held senior leadership roles driving
business turnaround, operational efficiency, and sustainable
growth. His expertise spans financial management, credit risk,
SME financing, NPL management, and corporate governance.

He holds a master’s degree in business administration and is a
Fellow Member of the Institute of Public Accountants
(Australia), an Associate Member of the Institute of Financial
Accountants (UK), and a Member of the Institute of Financial
Markets of Pakistan. He has also contributed in leadership
roles within the NBFI & Modaraba Association of Pakistan.

Present Designation in the Company:

Designation

Chief Operation Officer & Company
Secretary
First Punjab Modaraba

Since when

Independent Directorship:

None

Company Membership with the Association:

Since inception of the Association

Azka Amin (Member)

Education:

Masters in Business Administration
Majors: International Business and Marketing
Bachelors in Computer Software Engineering

Experience:

1. Sikka Commodities (Private) Limited-Company Secretary
December 2025- Till Date
2. Paisy (Private) Limited-Independent Director April 2025- Till
Jan 2026
3. Infinity Corporate Consultants (Partnership)- Partner April
2024 till Date
4. Incorp Consultants (Private) Limited- Director/CEO
September 2025 till Date
5. Postex PTE Ltd.| Postex Services (Pvt.) Limited| Postex
Financial Services(Pvt.) Limited |Headless Ecommerce
Technology (Pvt.) Limited | Call Courier (Pvt.) Limited|
Postex Group Company Secretary December 2022– Till
Date
6. Postex PTE Ltd.| Postex Services (Pvt.) Limited| Postex
Financial Services(Pvt.) Limited – Head of Human Resource
December 2022– Till Date
7. Call Courier(Private) Limited – Head of Human Resource
August 2024– March 2025
8. Postex Information Technology Company Riyadh, KSA |
Postex Technologies Limited, Dubai, UAE – Head of Human
Resource May 2024– Till Date
9. Securities & Exchange Commission of Pakistan – Deputy
Registrar July 2021– November 2022
10. Securities & Exchange Commission of Pakistan – Assistant
Registrar January 2017–June 2021
Securities & Exchange Commission of Pakistan – Management
Executive October 2012–December 2016

Present Designation in the Company:

Designation

Company Secretary – Head of
Human Resources
PostEx. Financial Services (Pvt) Ltd.

Independent Directorship:

None at present

Company Membership with the Association:

December 2023