Al- Zamin invest Bank

Recently, the NBFC Sector of the country witnessed an important development. Al-
Zamin Leasing Modaraba and Al-Zamin Leasing Corporation Limited merged with and
into Invest Capital Investment Bank Limited (ICIBL) by completing all regulatory and
legal requirements.

The merged entity shall operate under the brand name of Al-Zamin Invest Bank and
include the major business streams of all the merging entities. The recent merger has
resulted in building up equity of about Rs 1,000 million and assets of Rs 8,000 million. It
is in fact a carefully planned synergy of two professional groups to consolidate their
operating skills, management capabilities, product range and valuable clientele in order
to meet the current challenges of the marketplace.

Al -Zamin leasing corporation & Universal Leasing Corporation

Al-Zamin Leasing Corporation Limited (formerly Crescent Leasing Corporation Limited)
was incorporated in 1987 as a public limited company. The name of the company was
changed to Al-Zamin Leasing Corporation Limited from Crescent Leasing Corporation
Limited with effect from 6th February, 2008. The prime business of the company was
leasing and investment finance services. The company had a large equity and asset
base comprising of finance leases, operating lease portfolio, finance credit, investments
and corporate advisory products and services. The Universal Leasing Corporation
Limited was merged with and into Al-Zamin Leasing Corporation Limited during the year
2007-08. The company has eight branch offices throughout the country which are
providing various services to our clients.

PRODUCTS

Al-Zaamin Invest Bank will provide all products and services which were being
operated by the merging entities. Consequently, it has become a supermarket of
the NBFC operations ranging from investment banking, advisory services,
brokerage business, treasury operations, portfolio management, financial leases,
operating leases and corporate finance, besides offering whole range of Shariah
compliant products like Ijarah, Musharakah, Murabaha and Istisna. The Board of
Directors and senior management of the bank comprises of very senior bankers
and professionals with proven track record and image in the domestic and
international financial services

Management:-

• The Chairman of the Board Mr Zafar Iqbal is a senior bureaucrat having

established and managed National Development Finance Corporation with
an exemplary successful record of performance.
• Mr. Saeed Chaudhry is a former President of Prime Commercial Bank.
• Mr. Basheer A. Chowdry has more than forty five years of experience in
commercial and investment banking in local and overseas assignments of
very senior nature.
• Mr. Muhammad Zahid is a Chairman of the Zahidj Group which is one of
the major textile exporters of the country.
• Mr. Aamir Saeed is a professional banker with valuable experience with
international banking organizations.

Mr. Rehman Ghani is a very successful entrepreneur having developed

and run successful businesses of various natures in Pakistan and abroad.
• Mr. Najib Amanullah is Chartered Accountant from the United Kingdom
with a long corporate experience of handling financial matters.
• Mr. Nusrat Yar Ahmad, the Chief Executive Officer, is a well-known
banker who has successfully accomplished important assignments in the
investment banking and advisory fields. In fact, the individual and
collective caliber of the Board and management will ensure that the
organization becomes a symbol of high quality operations with multiple
streams of business, well-diversified risk profile, well-integrated structure
and a recognizable presence in all major towns of the country.

Answering a question, Mr Basheer A. Chowdry, Managing Director of the

bank said that the merger of three entities brings manifold opportunities
and challenges. He said that the expertise and knowledge built by the
management teams of the merging entities brings reservoirs of energy
and vision which Al-Zaamin InvestBank has planned to implement. He
said that the Bank wanted to establish itself as a leading provider of the
services in investment banking, brokerage, corporate financing, leasing
and Sharaih compliant products. Being equipped with well-developed
infrastructure and experienced human capital, the Bank aims to become a
truly comprehensive NBFC with a capability to meet the changing needs
of the marketplace.