Mr. Ariful Islam
Mr. Ariful Islam is a senior banker with over 35 years of experience with various banks in Bahrain and Pakistan. He is a Chartered Accountant from England and Wales and a Fellow member of the Institute of Chartered Accountants of Pakistan. He joined Meezan Bank in April 1999 as the Bank’s first Chief Operating Officer. Currently, Mr. Ariful Islam is Deputy CEO of Meezan Bank Limited. He is a ‘Certified Director’ from IBA, Karachi. He is also the Chairman of the Board of Al Meezan Investment Management Limited – the Bank’s asset management subsidiary, and a Director on the Board of Honda Atlas Cars (Pakistan) Limited.
Mr. Mohammad Shoaib, CFA
Mr. Mohammad Shoaib is the founding CEO of Al Meezan Investment Management Ltd, which is the largest Asset Management Company in Pakistan as on May 31st, 2023. His journey spans from setting up Pakistan’s First Shariah Compliant Asset Management Company in Pakistan to making it the Largest AMC in the industry with funds under management of over PKR 296 Billion (including SMA).
He got an MBA from IBA in 1988 and got his CFA charter from CFA Institute, USA in 1999. He has to his credit setting up CFA Society Pakistan in 2002 and serving it as its founder President.
He has received many accolades for his contribution in promoting Shariah compliant investing as well as CFA program as a tool to improve skillset of Pakistani investment professionals. He was recognized as the “Most Influential CFA Charter Holder” by CFA Institute Magazine, in 2006, and was awarded another accolade of “Volunteer of the Year: Lifetime Achievement Award” in 2019 by CFA Institute.
He has been an active volunteer in many areas in the financial sector and some of his volunteer roles include; Nominee Director of SECP on Board of Pakistan Stock Exchange, Board member of Institute of Financial Capital Markets in Pakistan, Chairman, Mutual Funds Association of Pakistan, Board member Pakistan Institute of Corporate Governance etc.
In December 2021 he was recognized by Asia Asset Management as “One of the Top 25 Leaders in Asset Management” in Asia and in the year 2022, he was recognized as “CEO of the Year” by 16th Consumers Choice Awards.
He has also participated in Advanced Management Program (AMP) at Harvard Business School alongside global business leaders and CEOs, which reflects his commitment to lifelong learning.
He is board member of CFA Society Pakistan and holds the portfolios of Advocacy and GIPS Chair. He is also director on the board of Mutual Funds Association of Pakistan. Additionally, he has been nominated as a Member in the Committee formed by SECP for promoting Islamic Finance in the Non-Banking Financial Sector.
He has participated in various seminars, conferences and workshops across the globe during his 30-year career in managing investments.
Mr. Moin M. Fudda
Nominee Director- MBL
Mr. Moin M. Fudda has over 45 years of professional experience which encompasses working for the corporate sector and performing diplomatic duties. He holds B.S. in Insurance & Economics from the RCD International School of Insurance, Tehran and MBA in Insurance & Risk Management from St. Jones University, New York where after post-graduation he joined the faculty as an Adjunct Assistant Professor and worked for the American International Group in New York as a Manager – Reinsurance.
In his former role as Managing Director of Karachi Stock Exchange (now Pakistan Stock Exchange), he was elected as Chairman of the Corporate Governance Task Force of Federation of European and Asian Stock Exchanges (FEAS). He has helped in creation of Pakistan Institute of Corporate Governance (PICG) and has also served on its Board. He is a Certified Corporate Governance Trainer by International Finance Corporation and is a Member of PICG’s Faculty. He has contributed significantly towards development of Governance Rules for Public Sector Enterprises and has published Corporate Governance Guide for Family Owned Businesses as well as several other articles on a number of economic topics including the 2008 world financial crisis.
He is the Honorary Consul General of New Zealand for Pakistan and being its sole representative, his responsibilities include, bilateral relations, consular affairs, trade, education & support to Immigration NZ. He is also Country Representative of SCOR tier 1 Global Reinsurer.
His current positions include:
Chairman: Board of Directors – Central Depository Company of Pakistan
Director: Pak Suzuki Motor Company Limited & Al Meezan Investment Management
Member: Faculty – Pakistan Institute of Corporate Governance
Insurance Committee – Policy Board – SECP
Board of Governors – Karachi Council of Foreign Relations
Executive Committee – English Speaking Union of Pakistan
Prior to joining KSE, he was Country Chief of New Zealand Insurance and Commercial Union (CU now AVIVA) and Founder MD of CU Life (now Jubilee Life). He was one of the two members actively involved in drafting the Pakistan Insurance Ordinance 2000 which replaced the 1939 Insurance Act. He has also held positions such as Country Director, Center for International Private Enterprise, an affiliate of US Chamber of Commerce, Executive Director Pakistan Reinsurance Company and Client Executive, Stewart Wrightson, Lloyds Insurance Brokers. His other professional affiliations were:
Chairman: Islamabad Stock Exchange &
Clearing Company of Pakistan
President: Overseas Investors Chamber of Commerce & Industry
Management Association of Pakistan & Karachi Boat Club
Member: Boards of Investment & Privatization Commission
Pakistan Institute of Management & Pakistan Britain Business Advisory Group
National Center for Dispute Resolution &Indus Valley School of Arts & Architecture
National Policy Platform for Competitiveness & Economic Growth
Managing Committee of the FPCC&I & Insurance Association of Pakistan
Panel of Judges, ACCA-WWF Pakistan Environmental Reporting Awards
Task Forces on Code of Corporate Governance & Public Sector Enterprises
Anti-Money Laundering and Transfer Pricing Committee by FBR & SECP
Technical Committees of RCD and Federation of Afro Asian Reinsurers Pools (FAIR)
Insurance Reform Committee of the Ministry of Commerce
Director: Pakistan Stock Exchange &
Mercantile Exchange Limited
Wyeth Pakistan Gadoon Textile Mills & Merit Packaging Limited
In 1989, he was presented with the Best Managers Award by Institute of Business Administration (IBA). In 1990, NZ Commemoration Medal was conferred on him by the Queen of New Zealand and in 2002, he was recognized as the Honorary Officer of the New Zealand Order of Merit (ONZM). In 2006, he was conferred the coveted Sitara-e-Imtiaz (S.I.) by the President of Pakistan. He and his wife have traveled to 130 countries in seven continents.
Mr. Mubashar Maqbool
Nominee Director- PKIC
Mr. Mubashar Maqbool is the MBA from University of Miami USA in Finance and International Business and MBA from Quaid-e-Azam University in Finance. He has a long, diversified and successful track record in Corporate Banking, Corporate Finance, Project Financing, Commercial Banking, SME Banking as well as General Management. In a career spanning over thirty years, he held senior positions in renowned local and multinational organizations like Citigroup, Samba Financial Group, HBL, etc. both in Pakistan and abroad.
He started his banking career with Citibank Pakistan where he held various positions in Corporate Banking Group. In 1997, he was transferred to Saudi American Bank (Samba), Saudi Arabia. He was Division Head, Corporate Banking in Samba Bank till 2004. Mr. Mubashar joined HBL in 2004 and held various senior positions there including Corporate Head – Central, Group Head – Commercial Banking & Retail Lending, Group Head – Commercial Banking and Country Manager / CEO, HBL – UAE. He also represented HBL on the Board of Pakistan Agricultural Storage and Services Corporation (PASSCO).
Current Board Membership:
- Director of Meezan Bank Limited
- Managing Director of Pak Kuwait Investment Co. (Private) Limited
- Director of Al Meezan Investment Management Limited
- Director of National Clearing Company of Pakistan Limited
Mr. Feroz Rizvi
Mr. Feroz Rizvi is a Chartered Accountant, having qualified from England & Wales. He has over 43 years of local & international experience in some of the largest companies in the world.
On returning to Pakistan post qualification, he joined ICI Pakistan Ltd, a subsidiary of ICI PLC, one of the largest chemical companies in the world. He left ICI Pakistan Ltd in 1985 and after five years with Petromin Refinery Riyadh, KSA, he re-joined ICI Pakistan. In 1996 he was seconded to ICI PLC’s headquarters in London.
During his secondment, he was involved in ICI PLC’s strategic shift from industrial to consumer & effect chemicals, leading to a major acquisition of four chemical companies from Unilever PLC for USD 8 bln, as part of the group’s major strategic priority. In addition, he was also responsible for a number of divestments of ICI PLC’s major industrial chemical businesses in accord with the group’s strategic move. Back in Pakistan after secondment, he completed the demerger of ICI Pakistan’s Paints and PTA businesses into separate listed companies, leading to the sale of the latter to Lotte (a Korean conglomerate) and the former’s transfer to Akzo Nobel. In ICI Pakistan he also implemented the state -of -the -art SAP ERP system across the group. He retired from ICI Pakistan Ltd as CFO & Finance Director. He has also been CEO of Pakistan Institute of Corporate Governance.
Mr. Rizvi has extensive experience in corporate & financial strategy, taxation, corporate governance, restructuring and mergers & acquisitions. Beside ICI Pakistan Ltd, he has been a board member of Pakistan PTA Ltd, Faysal Asset Management Ltd and Atlas Insurance Ltd. Currently he is on the Boards of Engro Chemicals and Polymer Ltd and Pakistan Oxygen Ltd. He is an alumni of INSEAD France and Wharton Business School and lectures on corporate governance, business strategy and related areas to Board members and other senior executives.
Mr. Naeem Sattar
Nominee Director- PKIC
Mr. Naeem, Company Secretary at PKIC, is FCMA, Fellow Member of the Institute of Cost and Management Accountant of Pakistan. He has over 22 years of experience in the financial sector. His work experience includes the fields of Accounting, Taxation, Budgeting, and Corporate Secretarial. He has also worked with M/s. A. F. Ferguson & Co – Chartered Accountants.
Mr. Tariq Mairaj
Nominee Director- MBL
Mr. Tariq Mairaj is working as EVP & Financial Controller at Meezan Bank Limited. Mr. Tariq is an experienced Finance Professional with more than twelve years of experience in Financial Control function and is a fellow member of Institute of Chartered Accountants of Pakistan. Prior to joining Meezan Bank, Mr. Tariq was associated with KPMG Taseer Hadi & Co. (a member firm of the KPMG Network of independent member firms affiliated with KPMG International).
Mr. Tariq has also conducted sessions on Islamic Finance as Trainer with IBA – Centre for Excellence in Islamic Finance.
Mr. Furquan R Kidwai
Mr. Furquan R Kidwai is the Founder & CEO of Dawaai (Pvt.) Limited. He is a technology entrepreneur who has built the largest health technology company in Pakistan over the past five years. Prior to this journey, Mr. Kidwai was an investment banker for over eight years in London and New York where, in his last role, was the Head of CEEMEA Financing as well as a Senior Vice President in the Fixed Income trading business at the Royal Bank of Scotland. Before joining RBS, Mr.Furquan worked as an Associate at Merrill Lynch and Lehman Brothers in their London and New York offices. He has also served as a member of the Board of Imperial College of Science, Technology and Medicine, London.
Mr. Furquan read International Relations for a Master’s degree at Cambridge University. He also has an MSc in Financial Mathematics with specialization in Risk Management from Imperial College London and BEng in Computer Systems from Bristol University.
Ms. Danish Zuberi
Ms. Danish is an Advocate of the High Court and advises corporates and family run businesses on a wide variety of corporate and commercial matters, taxation, oil and gas, competition, arbitration and mediation.
Ms. Danish commenced her career at the premier litigation set namely, Fazle Ghani, Advocates and thereafter established her independent practice. She was the General Counsel of Pakistan Petroleum Limited before taking up a partnership at Vellani & Vellani.
Ms. Danish has been certified by CEDR as a Mediator. She also has a keen interest in human rights law and has served on boards of various non-profit organisations.
- LLB, University of Wales, Aberystwyth – 1994
- Barrister at Law – 1995
Mr. Muhammad Abdullah Ahmed
Nominee Director- MBL
Mr. Abdullah is currently Senior Executive Vice President-Group Head of Corporate & Institutional Banking at Meezan Bank. He has over 20 years of banking and treasury dealing experience. He has also previously worked at Bank of America NA, National Bank of Pakistan and KASB Bank before joining Meezan Bank in 2005.
Mr. Abdullah has a Bachelors and Masters in business administration from the Institute of Business Administration, University of Karachi. He is a fellow of the Association Cambiste Internationale (ACI) – The Financial Markets Association, Paris in financial markets trading and a fellow of the Institute of Bankers Pakistan. He is also a certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP), USA.
Mr. Abdullah is an active member of the local Financial Markets Association of Pakistan (FMAP) and was elected to the executive committee as office bearer in 2000, 2008 and 2009, his last office being the General Secretary of the FMAP for the years 2009-2012. He is currently a member of the Pakistan Banks Association (PBA) sub-committee on Treasury and Capital Markets since 2010 and of the technical committee of the Financial Markets Association of Pakistan since 2012.
Chief Investment Officer
Mr. Muhammad Asad is the Chief Investment Officer (CIO) at Al Meezan Investment. He has over 24 years of experience in the capital markets of Pakistan and has worked in various business areas including investment management, credit analysis and marketing at leading institutions such as State Life Insurance Corporation of Pakistan, Metropolitan Bank Limited, ANZ Grindlays Bank, and A.F. Ferguson & Company.
At Al Meezan, Mr. Asad plays a key role in investment strategy development and investment management of Al Meezan’s funds and Discretionary/ Non-Discretionary portfolios. He is an integral member of the Investment Committee and plays a crucial role in providing strategic guidance and investment advice. Moreover, he also leads the Product Development team and actively engages with the Shariah Advisor to structure new and innovative new products and investment solutions.
He has served as a nominee director on the board of Al Meezan Mutual Fund Limited (previously a closed-end mutual fund). Further, he has also served on different committees of Mutual Fund Association of Pakistan (MUFAP), Karachi Stock Exchange (KSE) and Institute of Chartered Accountants of Pakistan (ICAP).
Asad is an MBA in Finance & Banking from the Institute of Business Administration, Karachi. He is a CFA Level III candidate and is a Fellow of Life Management, Life Insurance (FLMI). He has previously been a visiting faculty member at the IBA and Bahria University.
Syed Hussain A. Naqvi
Chief Operations Officer
Mr. Hussain A. Naqvi, carries over 19 years of familiarity with Mutual Fund Industry, where he has imparted his services to leading Asset Management Companies of Pakistan.
Prior to joining Al Meezan Investment Management Limited, he was functional with NBP Fullerton Asset Management Limited as Chief Operating Officer. He also served as Chief Executive Officer of PICIC Asset Management Limited after taking over the same by NIB Bank Limited.
Prior to this, he had been associated with companies like Atlas Asset Management Limited and National Investment Trust Limited, where he served on higher management position and was nominated as the director on the board of various listed companies.
Mr. Naqvi was actively involved in system developments and automation of various functionalities of business models such as Digital Transformation, Mobile Apps, ATM redemptions, online redemption, conversion, Account Opening and Investment Transactions.
He was also involved in development and implementation of Unit Holder, Investment and Compliance and Deviation Module which is fully integrated with general ledger and produces real reports of transactions.
Mr. Naqvi also served as Assistant Manager Audit and has been associated with Ernst & Young Chartered Accountants.
Chief Sales and Distribution Officer
Mr. Talha is the Chief Sales and Distribution Officer at Al Meezan Investments and is responsible for the development and implementation of the ‘Sales & Branch Network” of the company. He currently leads the Corporate and Retail divisions of Al Meezan Investments.
Prior to this, he was also looking after marketing and alternative distribution network and played a vital role in establishing the company’s brand image as the leading Shariah compliant AMC in Pakistan. He was also responsible for managing Al Meezan’s distribution channels with Standard Chartered Bank, Dubai Islamic Bank and Meezan Bank.
With an experience of over 17 years in sales & marketing Mr. Talha has established Al Meezan’s nationwide Marketing, Corporate & Retail networks. His contributions have been key in establishing Al Meezan as a business leader in the industry.
Prior to joining Al Meezan, Talha has worked with leading financial institutions and advertising agencies in various roles which involved advertising, sales, managing distribution channels, and leading corporate sales teams.
He holds an MBA in Marketing and a Masters in Commerce & Finance along with certifications like CIBE (Certificate of Islamic Banking & Finance) and CFA Claritas Investment Certificate.
Shahid Usman Ojha
Chief Financial Officer
Mr. Shahid Usman Ojha is the Chief Financial Officer at Al Meezan Investments. Before being promoted to CFO, he served as Head of Fund Accounting at Al Meezan since 2012.
He is a Fellow member of Institute of Cost & Management Accountants of Pakistan (ICMAP) and has also done Masters in Economics from University of Karachi. He has over 14 years of post-qualification experience in different Financial Institutions. Prior to joining Al Meezan Investments, Mr. Ojha also served at Faysal Asset Management Limited and Dawood Capital Management Limited as Chief Financial Officer.
Syed Owais Wasti
Chief Internal Auditor
Syed Owais Wasti is presently working as the Chief Internal Auditor at Al Meezan Investments under the job rotation plan. Prior to that he served as the Chief Financial Officer and Company Secretary at Al Meezan Investments for over 17 years. He is a Fellow Member of the Institute of Cost & Management Accountants of Pakistan (ICMA) Mr. Wasti has attended several Executive Training Programs including comprehensive Management Development Program from the Lahore University of Management Science, he is also a certified Director from the Institute of Chartered Accountants of Pakistan.
Mr. Wasti has an overall experience of over 27 years in Finance and Operations. Prior to joining Al Meezan Investments, he was associated with JS Investments Limited as CFO and Company Secretary and also headed its Operations Department. He has also worked at Jahangir Siddiqui & Co. Limited in Equity Operations and UDL Distributors (Pvt) Limited in Accounts & Finance Department.
Head of CS and Training
Mr. Anas Rehan heads Customer Services and Training department at Al Meezan Investments and has over 22 years of experience in the mutual funds industry. He has previously worked with NIT for 7 years.
He holds an MBA degree in the field and possesses a Post Graduate Diploma in Islamic Banking and Finance from Centre for Islamic Economics- a division of Jamia Darul Uloom, Karachi. He also holds Claritas Investment Certificate by CFA Institute USA.
Head of Fund Accounting and Company Secretary
Salman Muslim is a Chartered Accountant from the Institute of Chartered Accountants of Pakistan (ICAP) with over sixteen years of experience in Audit, Regulatory Compliance, Corporate Secretariat, Finance and Risk Management. He is the Head of Fund Accounting and Company Secretary at Al Meezan Investment Management Limited. He also serves as a member on the Ethics and AML Committee and Technical Committee of Mutual Fund Association of Pakistan (MUFAP). Earlier he served as the Head of Internal Audit from January 2018 to September 2021 at Al Meezan and left that office pursuant to job rotation program. Prior to Al Meezan, he has worked with OLP Modaraba (previously a Standard Chartered Group entity now acquired by ORIX Leasing Pakistan Limited) as Head of Internal Audit, reporting to the Board Audit Committee. He had also been involved in the functional audits of SCB Pakistan being part of GIA-SCB from 2012 to 2016.
Further, he has also been associated with A. F. Ferguson & Co. a member firm of PWC Network in Pakistan and attended MDP course from LUMS. He is also a certified director under DTP from ICAP as well as a member of Pakistan Institute of Public Finance Accountants and a graduate from University of Karachi.
Syed Khurram Ali Naqvi
Head of IT
Mr. Khurram Ali Naqvi is Head of Information Technology at Al Meezan. He holds MBA degree from SZABIST and MSC degree in Statistics from Karachi University.
He has more than 19 years of experience working in the financial sector involving management of information systems and technologies in middle and senior management position. He specializes in IT strategic management, project management, Business application development and acquisition, Information Security and IT Governance and operational risk management.
He joined Al Meezan Investment Management Ltd. in 2006 as Head of Information Technology, his last assignment was at PICIC as an IT Auditor. He has also been associated with Meezan Bank Limited and Pak Kuwait Investment Company in the past.
He also earned Claritas Investments Certificate by CFA Institute USA, ITIL V3 Foundation, Certified Information System Auditor (CISA) and Microsoft Certified Systems Engineer (MCSE).
Head of Risk Management
Akhtar Munir is a CFA Charter holder and a certified Financial Risk Manager (FRM) from GARP – USA. He holds fellow membership of the Institute of Cost & Management Accountant of Pakistan and has passed ACCA-UK. He did MBA – Finance from Bahria University with honor by scoring silver medal.
Mr. Akhtar Munir has over (12) years of experience related to Enterprise Risk Management (ERM), Market, Liquidity and Credit Risk Management. He joined Al Meezan on March 15, 2021. Prior to joining Al Meezan, he served at HBL Asset Management Limited, Central Depository Company (CDC) of Pakistan and Sui Southern Gas Company (SSGC) Limited in their respective risk management departments. He has taught with ICMA Pakistan as a visiting faculty since March 2011 till August 2018 and achieved faculty role of honor award in teaching Strategic Management Accounting and Financial Accounting.
Muhammad Ali Khan
Head of Operations
Muhammad Ali Khan is a fellow Chartered Certified Accountant with more than 15 years of experience in the mutual funds industry.
He is associated with Al Meezan Investment Management Limited since 2013 and has played a key role in improving customer experience through developing efficient operational processes. He has also been instrumental in various automation projects, launching of new products and services which are being offered by Al Meezan Investments.
Prior to joining Al Meezan, Mr. Muhammad Ali khan served at Central Depository Company (CDC) of Pakistan as Section Head in their Trustee & Custodial operations department.
Syed Haseeb Ahmed Shah
Head of Compliance and Service Quality
Mr. Haseeb Ahmed Shah Joined Al Meezan Investment Management Limited in November 2022 as a Head of Compliance and Service Quality. Mr. Haseeb has over 15 years of professional experience in the field of Designing & Implementing Controls, Risk Mapping, Regulatory Compliance and Inspections of Capital Market Institutions. Mr. Haseeb has served Apex Capital Market Regulator – Securities and Exchange Commission of Pakistan for more than 4 years and have also remained associated with National Clearing Company of Pakistan Limited in their Risk Management Department.
Head of Human Resources
Ms. Sana Mesia is the Head of HR at Al Meezan Investments. She is an experienced results driven Human Resources professional having 15 years’ of global, APAC regional and local experiences; responsible to drive & implement overall HR & organizational strategy. Throughout her career span, she acquired critical HR and corporate management skills to develop and operationalize best practices in the areas of Strategy, HR & Administration, Talent Acquisition & Management, Total Rewards & Performance Management, Organizational Development, Training & Development, Employee Relations & Engagement, Diversity & Inclusion, CSR & Compliance Management.”
Sana spanned majority of her career with Japan’s largest conglomerate Mitsubishi Corporation as Head of HR, CSR & Corporate Communications. Sana also worked with Smollan Pakistan Field Services, Feroze 1888 and Oasis Insights in Research and Human Resources arena.
A gold medalist in Psychology & Human Behavior, Sana accomplished her Master’s degree from University of Karachi and is a Certified Human Resource Professional from Pakistan Institute of Management and a Project Management professional (PMP) from LUMS. She has extensive exposure to International Leadership Programs from INSEAD, Ateneo de Manila University and Management and HR programs from USA, Tokyo, Singapore, Dubai, India, Vietnam.
She served as a sub-committee member at OICCI’s Diversity & CSR committee from 2013 to 2020, a task force that brought diversity roadmap and white paper for organizations. Sana is an active Career Counselor at Lahore University of Management Sciences for under graduates corporate grooming.