Table Of Content1
Year Book 2016
2
Year Book 2016
Contents
1 Vision, Mission, Our Values & Core Objective 4
2 International & Regional Associations 6
3 Association’s Secretariat 7
4 Executive Committee Members 10
5 Messages
Ÿ Mr. Mohammad Ishaq Dar 14
Ÿ Mr. Zafar Ul Haq Hijazi 15
Ÿ Jawed Hussain 16
Ÿ Ayaz Dawood 17
6 Secretary General’s Report 20
7 Articles
Ÿ Financial Companies Sponsored By Government Of Sindh 28
Ÿ Islamic Finance of Pakistan: A journey of continuous success 31
8 Events and Activities
Ÿ Launching Ceremony Of Year Book 2015 36
Ÿ Best Performance Awards – 2015 37
Ÿ Sixth Annual General Meeting (AGM) 39
Ÿ First Extra-Ordinary General Meeting 40
Ÿ Workshop On “Practical Problems In Ijarah And Diminishing Mushraka (DM)” 41
Ÿ Workshop On “Zakat, Its Salient Features And Calculation” 42
Ÿ Workshop On ‘SUKUK’ 43
Ÿ Workshop On Companies Ordinance, 2016 44
Ÿ Presentation On Mandatory Certification 44
Ÿ Role Of The Association For The Growth And Awareness Of Modaraba Sector 45
Ÿ IBA-CEIF 45
Ÿ Central Depository Company (CDC) 46
Ÿ IBA CEIF – Round Table Session 47
Ÿ Presentation To Chinese Delegation On Modaraba Sector 48
Ÿ The Policy Dialogue On Islamic Capital Market And Takaful 49
Ÿ Financing Facility Centre At Rawalpindi 50
Ÿ Islamic Finance Centre At Sarmayakari Markaz, Abbottabad 51
Ÿ The Federation Of Pakistan Chambers Of Commerce & Industry (FPCCI) 53
Ÿ FPCCI Standing Committee Meeting On NBFI & Modaraba 54
Ÿ Presentation On Agri Financing 55
Ÿ Media Participation 56
Ÿ Achievements Of Members 57
9 Association in Media 60
10 Merger & Acquisition 64
11 Macro Perspective
Ÿ Sectors Performance 68
Ÿ Statistical over view 74
12 Top ten members 76
13 Members at a Glance
Ÿ Financial Overview 80
Ÿ Comparative position of payout 81
Ÿ Market Capitalization 82
13 Members Profiles 84
14 Glossary 122
15 Members’ Directory 128
16 Advertisements 135
3
Year Book 2016
VVViiisssiiiooonnn
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.
MMMIIISSSSSSIIIOOONNN SSSTTTAAATTTEEEMMMEEENNNTTT
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.
4
Year Book 2016
Our Values
Collaboration
Integrity
Fairness
Excellence
Responsiveness
Core Objective
Ÿ To represent, profile and promote NBFI and Modaraba industry and protect the interest
of Members.
Ÿ 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.
Ÿ To maintain an active coordination and a relationship of trust with the regulatory
authorities to achieve a consultative and supportive regulatory environment.
Ÿ To support environment where members work together to solve common challenges by
sharing ideas and helping & supporting each other.
Ÿ To migrate best international practices and make information and analysis available on
the profile and performance of individual members and the sector.
Ÿ To broaden the base of association through induction of new members from different
segments within the NBFIs sector.
Ÿ To promote good governance, encourage performance based culture within members.
Ÿ To enhance professional capacity of members through workshops, seminars and
interactive sessions.
5
Year Book 2016
INTERNATIONAL & REGIONAL ASSOCIATIONS
IIINNNTTTEEERRRNNNAAATTTIIIOOONNNAAALLL FFFIIINNNAAANNNCCCEEE &&& FFFEEELLLAAALLLEEEAAASSSEEE --- FFFEEEDDDEEERRRAAACCCIIIOOONNN
LLLEEEAAASSSIIINNNGGG AAASSSSSSOOOCCCIIIAAATTTIIIOOONNN LLLAAATTTIIINNNOOOAAAMMMEEERRRIIICCCAAANNNAAA DDDEEE LLLEEEAAASSSIIINNNGGG
NNNaaa PPPaaannnkkkrrraaaccciii 333111000///666000,,, 111444000 000000 PPPrrraaahhhaaa 444,,, CCCaaarrrrrreeerrraaa 111111 NNNooo...888666---333222,,, OOOfffiiiccciiinnnaaa 555000222,,,
CCCzzzeeeccchhh RRReeepppuuubbbllliiiccc BBBooogggoootttaaa,,, CCCooolllooommmbbbiiiaaa
TTTeeelll::: +++444222000 666000222222333111444999555 TTTeeelll::: +++555777111 555333000000 666888111
FFFaaaxxx::: +++444222000 222222222 000111222 333666333 EEE---mmmaaaiiilll::: fffeeelllaaallleeeaaassseee@@@fffeeelllaaallleeeaaassseee...ooorrrggg
EEE---mmmaaaiiilll::: mmmaaannndddyyysss@@@cccsssooobbbllleeeaaasssiiinnnggg...ccczzz WWWeeebbbsssiiittteee::: wwwwwwwww...fffeeelllaaallleeeaaassseee...ooorrrggg
WWWeeebbbsssiiittteee::: wwwwwwwww...iiiffflllaaa...cccooommm
LLLEEEAAASSSEEEUUURRROOOPPPEEE,,, TTTHHHEEE EEEUUURRROOOPPPEEEAAANNN FFFEEEDDDEEERRRAAATTTIIIOOONNN AAASSSIIIAAANNN FFFIIINNNAAANNNCCCIIIAAALLL SSSEEERRRVVVIIICCCEEESSS
OOOFFF LLLEEEAAASSSIIINNNGGG CCCOOOMMMPPPAAANNNYYY AAASSSSSSOOOCCCIIIAAATTTIIIOOONNNSSS AAASSSSSSOOOCCCIIIAAATTTIIIOOONNN (((AAAFFFSSSAAA)))
BBBooouuullleeevvvaaarrrddd LLLooouuuiiisss SSSccchhhmmmiiidddttt 888777,,, BBB --- 111000444000 EEEiiiggghhhtttyyyEEEiiiggghhhttt@@@KKKaaasssaaabbblllaaannnkkkaaa,,, TTTooowwweeerrr AAA,,, 777ttthhh FFFllloooooorrr,,,
BBBrrruuusssssseeelllsss,,, UUUnnniiittt DDD,,, JJJIII... CCCaaasssaaabbblllaaannncccaaa KKKaaavvvllliiinnnggg 888888,,,
BBBeeelllgggiiiuuummm JJJaaakkkaaarrrtttaaa SSSeeelllaaatttaaannn 111222888777000,,,
TTTeeelll::: +++333222 222 777777888 000555 666000 IIInnndddooonnneeesssiiiaaa
FFFaaaxxx::: +++333222 222 777777888 000555 777888 TTTeeelll::: +++666222 222111 222999888222 000111999444
EEE---mmmaaaiiilll::: aaa...vvvaaallleeetttttteee@@@llleeeaaassseeeuuurrrooopppeee...ooorrrggg FFFaaaxxx::: +++666222 222111 222999888222 000111999111
WWWeeebbbsssiiittteee::: wwwwwwwww...llleeeaaassseeeuuurrrooopppeee...ooorrrggg EEE---mmmaaaiiilll::: ssseeecccrrreeetttaaarrriiiaaattt@@@aaafffsssaaawwwooorrrlllddd...ooorrrggg
WWWeeebbbsssiiittteee::: wwwwwwwww...aaafffsssaaawwwooorrrlllddd...ooorrrggg
NNNBBBFFFIII &&& MMMOOODDDAAARRRAAABBBAAA AAASSSSSSOOOCCCIIIAAATTTIIIOOONNN OOOFFF
PPPAAAKKKIIISSSTTTAAANNN
666000222,,, PPPrrrooogggrrreeessssssiiivvveee CCCeeennntttrrreee,,, 333000---AAA,,, BBBllloooccckkk---666,,, PPPEEECCCHHHSSS,,,
SSShhhaaahhhrrraaahhh---eee---FFFaaaiiisssaaalll,,, KKKaaarrraaaccchhhiii---777555444000000,,,
PPPaaakkkiiissstttaaannn
TTTeeelll::: 999222---222111---333444333888999777777444,,, 333444333222222444444000
FFFaaaxxx::: 999222---222111---333444333888999777777555
EEE---mmmaaaiiilll::: aaassssssoooccciiiaaatttiiiooonnn@@@nnnbbbfffiii---mmmooodddaaarrraaabbbaaa...cccooommm...pppkkk
WWWeeebbbsssiiittteee::: wwwwwwwww...nnnbbbfffiii---mmmooodddaaarrraaabbbaaa...cccooommm...pppkkk
6
Year Book 2016
ASSOCIATION’S SECRETARIAT
Muhammad Samiullah
Secretary General
Mr. Muhammad Samiullah, Secretary General, holds a master degree in Economics, L.L.B, DAIBP, PGD in
Islamic Finance & Banking having a vast experience of banking and financial sector. Prior to joining
Modaraba Association of Pakistan in 2001, he was Company Secretary, First Habib Bank Modaraba. He also
officiated as Chief Executive of First Habib Bank Modaraba for quite some time.
He was appointed as Chairman, FPCCI Standing Committee on NBFI & Modaraba for the year 2016. He was
an active Member of FPCCI, Standing Committee for Islamic Banking & Takaful during the year 2016 and will
continue the position for the year 2017 as well. He is also a Member of Arbitration Panel of Pakistan Stock
Exchange Limited.
Registered Office
602, Progressive Centre, 30-A,
Block-6, P.E.C.H.S., Shahrah-e-Faisal,
Karachi-75400, Pakistan
Phone: (92-21) 34389774, 34322440
Fax: (92-21) 34389774
E-mail: [email protected]
Website: www.nbfi-modaraba.com.pk
Auditors
Baker Tilly Mehmood Idrees Qamar
Chartered Accountants
Tax Advisor
Shekha & Mufti
Chartered Accountants
Legal Advisor
Mohsin Tayebaly & Co.
Advocates & Legal Consultants
Bankers
BankIslami Pakistan Limited
7
Year Book 2016
8
Year Book 2016
Description:Commissioner Mr. Imran Inayat Butt, Executive Director, Mr. Aamir Khan, .. SIL was licensed in August 2014 to transact all classes of non-life insurance and is managed by Al Noor Modaraba Management (Private) Limited,