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  • NBFI & Modaraba Association of Pakistan launched its Year Book 2017 on 14th February 2018.
  • Mr. Jawed Hussain, Executive Director & Registrar Modaraba, SECP is giving a presentation on “The Companies Act, 2017” and “The Modaraba Bill, 2017” on 2nd February 2018 at the Conference Hall of the Association
  • Mr. Basheer A. Chowdry, Chairman, NBFI & Modaraba Association of Pakistan has been appointed as Chairman of FPCCI Standing Committee on “NBFI & Modarabas” for the year 2018.
  • NBFI & Modaraba to be benefited by Shariah Compliant Trading Platform at Pakistan Mercantile Exchange (PMEX)
  • Mr. Basheer A. Chowdry has been elected Chairman for the Year 2017-18 while Mr. Muhammad Naimuddin Farooqui as Senior Vice Chairman and Dr. Fakhara Rizwan as Vice Chairperson of NBFI & Modaraba association of Pakistan.
  • SECP issued Draft Amendments in Modaraba Companies and Modaraba (Floatation & Control) Ordinance, 1980
  • The NBFI & Modaraba Association of Pakistan announced its Election Schedule for the election of Executive Committee and Office Bearers for the year 2017-2018


SECP Chief Inaugurates Islamic Financing facility centre in Rawalpindi

The Chairman SECP, Zafar Hijazi, on Thursday the 1st December 2016 inaugurated an Islamic financing facility centre in Rawalpindi, which will help the common people to avail themselves of affordable financing on Islamic Sharia principles to buy motorcycles and other products in due course of time.

The centre will be operated initially by four Modarabas i.e. Allied Rental Modaraba, First Habib Modaraba ORIX Modaraba and Trust Modaraba. They will provide micro-financing to the customers at cheaper rate ranging between 20 to 25% as against the prevalent market rates of 40 to 45%.