Sub-Committees

NBFI Modaraba > Sub-Committees

Composition of Sub-Committees 2026-28 and their terms of references (TORs)

Sub-Committees

1. Rules & Regulations Committee: Modaraba

a) Mr. Muhammad Shoaib Ibrahim (Chairman)
b) Mr. Abdul Rauf Chandio
c) Mr. Waqas Ahmad Khwaja
d) Mr. Muhammad Samiullah

Working Group
a) Mr. Azhar Hussain – First Habib Modaraba
b) Mr. M. Adnan Shakeel – Sindh Modaraba
c) Mr. M. Siddique – OLP Modaraba
d) Mr. Roofi Abdul Razzak – First Al-Noor Modaraba

2. Rules & Regulations Committee: NBFI

a) Mian Faysal Riaz (Chairman)
b) Mr. Javed Iqbal
c) Mr. Irfan Ahmed
d) Mr. Faiq Sattar Khan

Working Group
a) Mr. Abid Hussain Awan – OLP Financial Services Pakistan Ltd.
b) Ms. Mehreen Usama – Pak-Gulf Leasing Co. Ltd.
c) Ms. Neelum Aamir – Pakistan Microfinance Investment Co. Ltd.

TOR's

  • To review Acts, Ordinance, Rules and Regulations, Circulars, Guidelines and other Directives issued by SECP from time to time.
  • To review and adopt various standards issued by ICAP, AAOIFI and other Regulatory bodies.
  • To have a close liaison with the Regulators and make necessary recommendations/suggestions on the issues of the sector.
  • Drafting Regulations for new products.

3. Year Book Publication Committee:

a) Mr. Muhammad Shoaib Ibrahim (Chairman)
b) Mian Faysal Riaz
c) Mr. Abdul Rauf Chandio
d) Mr. Yasir Ashfaq
e) Mr. Waqas Ahmad Khwaja

Working Group
a) Ms. Areeba Safar – OLP Financial Services Pakistan Ltd.
b) Mr. Saeed Daudpota – Sindh Modaraba
c) Mr. Amir Kaleem – First Habib Modaraba

  • To oversee the publication work of the Year Book.
  • To approve the Title page and the theme of the book.
  • To review contents of the Year Book.
  • To arrange and enhance advertisements of the book.

4. Audit, Taxation & Finance Committee:

a) Mr. Naweed Akhtar Sharif (Chairman)
b) Mr. Waqas Ahmad Khwaja
c) Syed Nouman Akhtar
d) Mr. Shiraz Butt

Working Group
a) Mr. Roofi Abdul Razzak – First Al-Noor Modaraba
b) Ms. Effat Assad – Orient Rental Modaraba
c) Mr. M. Siddique – OLP Modaraba
d) Mr. M. Adnan Shakeel – Sindh Modaraba

  • To review the annual audited accounts of the Association and finalize the same in collaboration with the Secretary General / Auditors / Tax Advisors.
  • To review and manage revenue and expenditure budget of association of 2026-27 and update EC members on quarterly basis.
  • To deal with Tax related issues of the Association as well as of the Modaraba and NBFCs Sectors pertaining to FBR, SRB and other Agencies.
  • Any other matter relating to Audit, Accounts & Taxation.
  • To explore and examine possibilities of Tax Refunds and Tax Exemptions.

5. Training & Workshop Committee:
a) Mr. Shiraz Butt (Chairman)
b) Syed Nouman Akhtar
c) Mr. Faiq Sattar Khan
d) Ms. Azka Amin

Working Group
a) Ms. Areeba Safar – OLP Financial Services Pakistan Ltd.
b) Mr. M. Jehanzeb – First Habib Modaraba
c) Mr. Mujahid Ali Mirza – Sindh Modaraba

  • To support Secretariat of the Association for
  • Preparation of training and awareness calendar for the years 2026-27 & 2027-28.
  • Organize workshops/seminars/awareness session.

6. Best Performance Award Committee:

a) Mr. Javed Iqbal (Chairman)
b) Mr. Waqas Ahmad Khwaja
c) Mr. Muhammad Samiullah

Working Group
a) Mr. Abid Hussain Awan – OLP Financial Services Pakistan Ltd.
b) Mr. M. Adnan Shakeel – Sindh Modaraba
c) Ms. Neelum Aamir – Pakistan Microfinance Investment Co. Ltd.

  • To review submitted entries for performance awards
  • To finalize the names of performance award winners for 1st, 2nd and 3rd position.
  • To assess the members for Certificates on their significant performance of the member companies / entities.