Board of Directors

Mohammad Shams Izhar – Chairman Non Executive Director

Mr. Mohammad Shams Izhar is an MBA from Institute of Business Administration (IBA), Karachi backed with a degree in Industrial Technology. He has over 36 years’ experience in banking with specialization in Corporate Governance and Risk Management overseeing credit risk, operation risk, market & liquidity risk, information security, business continuity and internal control. He also contributed towards improvement of the country’s banking industry’s standard as a member of Pakistan Banks Association’s sub-committee and SBP working group. He is also a Fellow Institute of Bankers Pakistan and Certified Director by Pakistan Institute of Corporate Governance (PICG).

Muhammad Shoaib Ibrahim - CEO & Managing Director

With more than two decades’ experience in non-Bank Islamic financial institutions and Modarabas, he is a senior expert on this topic in Pakistan. This experience has given him insight into the financial and technical aspects of the non-banking Islamic financial activities covering financial services, equity market and asset management. Under his leadership, at present, FHM is well positioned in the Islamic financial market with a strong equity base, sound assets size and profitability within the Modaraba sector of Pakistan. Moreover, FHM has secured several awards/accolades on best performance, best corporate report, best corporate disclosure and corporate excellence from reputable bodies, such as NBFI and Modaraba Association, ICAP and ICMAP, Management Association of Pakistan, and SAFA an apex body of SAARC during his tenor as CEO of FHM. Mr. Shoaib holds a Master of Business Administration (MBA) in banking and finance from the Institute of Business Administration (IBA). He has also completed a Post Graduate Diploma (PGD) in Islamic Banking from the Centre of Islamic Economics (Darul Ulum), Karachi Pakistan. He has presented research papers on the Modaraba and other Islamic financial products at different local and international forums. He also holds following positions in different prestigious institutions. a) Member of SECP Committee of promotion of Islamic Finance within Non-Banking Islamic Finance Institutions. b) Former Chairman of NBFI and Modaraba Association of Pakistan c) Past President of Memon Professional Forum d) Ex-committee Members of FPCCI on SME Currently he is Country Correspondent of Islamic Finance News, Malaysia and also Senior Vice President of Vanthali Memon Association.

Saeed Uddin Khan – Non Executive Independent Director

Mr. Khan brings with him 40 years of diversified and senior management experience in Conventional as well as Islamic banking in different banks and financial institutions. He holds MBA degree from IBA, Karachi. He also holds Diploma in Banking (DAIBP) and PGD as well as NIBAF, SBP Certification in Islamic banking, besides short as well as extensive training within and outside Pakistan. He brings with him a rich knowledge of strategic planning, retail banking, product and brand development, corporate financing, risk management, asset recovery, budgeting, MIS etc. He served as CEO of HBL Mudaraba & Head, Islamic Banking, in two banks. Currently, he is the President & CEO of a Microfinance Bank.

Usman Nurul Abedin – Non Executive Director

Mr. Usman Nurul Abedin has graduated from University of Karachi he possesses about of 44 years of diversified experience in the field of banking and finance. He has a vast experience in banking particularly in treasury operations international branch banking. He served Habib Metropolitan Bank for about 32 years at senior management positions and also well versed with risk of credit management policy making and administration. Before joining Habib Metropolitan Bank he was associated with Bank of Credit & commerce international (BCCI) for about 11 years and served as Manager international Operations / Overseas Banking / Credit and Marketing in Hong Kong and South Korea.

Dr. Irum Saba – Non Executive Independent Director

Dr. Saba has more than 17 years of progressive regulatory, research, training, and teaching experience with organizations of international repute. She trained more than 6000 employees in Pakistan’s financial sector and taught more than 3000 students in Pakistan. She has extensive regulatory experience with specific focus to promote women empowerment , organisational development and Islamic banking and Finance while working in the Islamic Banking Department of SBP. She is a Shari’ah-registered financial planner (Shari’ah RFP). She holds the Chartered Islamic Finance Professional (CIFP) credential from INCEIF with distinction and PhD in Islamic Finance from INCEIF. She holds M.Com with distinction and PGD in Islamic Banking and Insurance from Institute of Islamic Banking and Insurance (IIBI), London. Her areas of interest are Political Economy, Management , Shari’ah, Wealth planning and Management , Islamic microfinance , corporate governance, and Islamic finance.

Murtaza Ahmed Ali – Non Executive Director

Mr. Murtaza Ahmed Ali is the former CEO of Allied Rental Services Limited with over 25 years of experience in finance, operations, and business leadership. He is a Fellow Member of ICAP, a qualified Cost & Management Accountant, and completed his Chartered Accountancy training with A.F. Ferguson & Co. (PwC). He has held senior leadership roles with Rhône-Poulenc and the Allied Group, where he led the successful incorporation and public listing of Allied Rental Services Limited in 2007. Mr. Ali has served as Chairman and Vice Chairman of the NBFI & Modaraba Association of Pakistan and is a Certified Director under ICAP’s Code of Corporate Governance.

Mr. Riaz Abdul Rehman- Non Executive Director

Mr. Riaz Abdul Rehman is a seasoned senior management professional with experience in consulting and auditing across diverse sectors, including financial services, family groups, automotive, oil and gas, pharmaceuticals, cement, textiles, and media. Mr. Riaz Abdul Rehman, qualified in 1993 from EY Ford Rhodes and has over 35 years of experience, including serving as Country Leader – Audit & Assurance. He has served ICAP as Council Member (2013–2014, 2017–2021), Vice President, President (2017–2018), and Chairman Audit Committee, with extensive contributions across key ICAP committees, and has also served internationally as a Board Member of CAPA and Technical Advisor to the IPSAS Board of IFAC. He is a certified Director under Pakistan Code of Corporate Governance. He is hugely regarded for his experience, humanitarian and professional acumen.

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