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  • 13th Annual General Meeting of the Association held on 05th October 2023, Office Bearers (Mr. Mahfuz-ur Rehman Pasha, Chairman, Mr. Shuja Malik, Senior Vice Chairman and Mr. Irfan Ahmed, Vice Chairman) will continue to be the Office Bearers till 30-09-2024.
  • Mr. Mahfuz-ur Rehman Pasha has been elected Chairman for the Year 2022-23 where as Mr. Shuja Malik and Mr. Irfan Ahmed has been elected Senior Vice Chairman and Vice Chairman of NBFI & Modaraba Association of Pakistan respectively as per Election Results announced in the 12th AGM held on September 2022
  • The Association Launched Year Book 2021 on 14th July 2022 through zoom video link as well as physically at the Association's Secretariat, Karachi. Mr. Aamir Khan, Chairman, SECP was the Chief Guest. Ms. Farrukh H. Sabzwari, Commissioner, Ms. Sadia Khan, Commissioner, SECP, Mr. Tariq Naseem, Registrar Modaraba, SECP, Ms. Khalida Habib, Executive Director and other senior members of the SECP. Chief Executives of Modarabas, Leasing Companies, Investment Finance Services and senior officials from other financial entities also participated. The year Book was presented to the Chief Guest by Ms. Khalida Habib and Mr. Tariq Naseem on behalf of the Association as the ceremony was arranged on zoom video link.



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.

Mission Statement

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 Objective

  • To represent, profile and promote NBFI and Modaraba industry and protect the interest of Members.
  • 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.
  • To maintain an active coordination and a relationship of trust with the regulatory authorities to achieve a consultative and supportive regulatory environment.
  • To support environment where members work together to solve common challenges by sharing ideas and helping & supporting each other.
  • To migrate best international practices and make information and analysis available on the profile and performance of individual members and the sector.
  • To broaden the base of association through induction of new members from different segments within the NBFIs sector.
  • To promote good governance, encourage performance based culture within members.
  • To enhance professional capacity of members through workshops, seminars and interactive sessions.