Welcome to First Habib Modaraba

 (An Islamic Financial Institution)

Board of Directors

Wazir Mumtaz Ahmed - Chairman

Mr. Wazir Mumtaz Ahmed is a seasoned banker. His banking career span spread over a period of 55 years of committed and dedicated services. He started his banking career in 1961 and carried diversified experience on several senior positions. After completion of his Masters in Economics he got International Certifications in Commercial Law & Economics from London Chamber of Commerce. His career is a perfect combination of Integrity and Commitment which gave him additional advantage to reached up to the position of Senior Executive Vice President in the Bank.


Muhammad Shoaib Ibrahim - Chief Executive Officer

Muhammad Shoaib, is associated with First Habib Modaraba since the inception of modaraba. His extensive working experience in Non-Banking Islamic Financial institutions for more than two decades makes him senior most person with such rich experience of Islamic Finance in Pakistan. This intense exposure gave him the insight into the financial and technical aspects of fund management in Islamic way. He has done Master's in Business Administration (MBA) in Banking and Finance. He has completed Post Graduate Diploma (PGD) in Islamic Banking and Finance from Centre of Islamic Economics (Darul Ulum), Karachi, Pakistan. He is also Certified Islamic banker from Professional's Institute of Excellence who are academic partner of University of Marathon U.S.A. and Pakistan Institute of Banking Studies, Pakistan. On number of occasions he remained as an Executive Member of Modaraba Association of Pakistan and also remained the Chairman of Modaraba Association of Pakistan.


Syed Rasheed Akhtar – Director

Syed Rasheed Akhtar has rich experience in the banking field. His vast banking career spans over 36 years. He possesses Masters in Statistics degree from University of Karachi. He started his banking career from Habib Bank Limited in the year 1974 and carried diversified experience on very senior positions. He has been associated with HBZ Bank Limited, Habib African Bank, Habib Bank AG Zurich and Bank Indosuez. He also headed an independent Islamic Banking Division of HBZ Bank Limited, South Africa from 2006-2010. He successfully completed Certificate on Islamic Banking arranged by NIBAF, State Bank of Pakistan.


Mohammad Shams Izhar – Director

Mr. Muhammad Shams Izhar is a seasoned banker having working experience of more than 40 years in the area of Risk Management, Credit, Corporate Governance & Internal Control. He has completed his MBA from institute of Business Administration Karachi. He has been associated with leading banks of the sector. He is a Certified Director from Pakistan institute of Corporate Governance and also Fellow member of institute of Bankers of Pakistan. 


Saeed Uddin Khan – Director

Mr. Saeed Uddin Khan is an MBA from the Institute of Business Administration (IBA), Karachi & a Diploma Associate of the Institute of Bankers’ Pakistan. He also holds Post Graduate Diploma in Islamic Banking. He possesses about 30 years of diversified experience in the field of Banking & Finance. He served Habib Bank Limited for about 17 years at senior management positions including CEO, HBL Modaraba, Head, Islamic Banking, Head of Budgeting & MIS. Prior to joining Sindh Bank in December 2013, he was working with Habib Bank Limited as EVP / General Manager, Remedial Assets Group. Mr. Khan has also been associated with Pakistan Banking Council, National Development Finance Corporation (NDFC) & M/s Rahim Jan & Co. Chartered Accountants..