Service overview
Modaraba management is a regulated Islamic finance business subject to its own registration and Shariah conditions.
A company certificate does not itself authorise a regulated business. Depending on the activity, SECP may require prior formation permission, incorporation, a separate operational licence, and continuing financial and fit-and-proper compliance.
Who is eligible for Modaraba Management Company Authorisation?
Assess sponsor eligibility, capital, management competence and Shariah governance under the relevant Modaraba framework.
Modaraba management must satisfy promoter suitability, Shariah compliance and sector-specific company structure. The management company's permission is distinct from formation or floatation of an individual Modaraba.
Documents and information for Modaraba Management Company Authorisation
Prepare the following information for modaraba management company authorisation. The relevant regulator may require further forms or certified evidence, depending on the applicant and chosen procedure.
- Sponsor and corporate documents
- Business and Modaraba plan
- Shariah governance
- Directors' information
- Financial resources.
How can I obtain Modaraba Management Company Authorisation in Pakistan?
- 01Choose the Modaraba manager and fund structure
Determine the eligible Modaraba management company, proposed Modaraba business and the Shariah governance model.
- 02Seek SECP Modaraba management approval
Prepare sponsors, board and religious/Shariah compliance arrangements under the dedicated Modaraba company statute and applicable rules.
- 03Complete formation and separate Modaraba authorisations
Register the management company and pursue the proposed Modaraba's own formation or flotation permissions as applicable.
- 04Operate under Shariah and financial reporting duties
Implement separate accounts, management records and regulatory returns.
Regulator resource: SECP official capital-markets and NBFC licensing
The pathway above identifies the distinct statutory steps for this service. Confirm the exact current prescribed form, supporting checklist and submission channel with the competent authority before applying.
After registration or approval
Maintain statutory accounts, Shariah audit, investment rules and ongoing SECP filings.
Governing law & official references
Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and applicable Modaraba Regulations and SECP directives.
The links below lead to government or official regulatory sources relevant to this service. Use the currently consolidated Act, regulations, statutory checklist and official portal when making an application.
How Chambers can assist
Chambers can review the legal route, identify regulatory constraints, prepare or review the supporting corporate and legal documents, manage the prescribed submission and correspond with the competent authority where instructed. The scope of the engagement will be determined by the applicant’s particular circumstances.
For an initial enquiry, identify the proposed activity, applicant entity and current stage, and provide the available documents indicated above. Please avoid sending confidential or identity-sensitive records through an unencrypted first contact.
Common questions about Modaraba Management Company Authorisation
Who is eligible for Modaraba Management Company Authorisation in Pakistan?
Assess sponsor eligibility, capital, management competence and Shariah governance under the relevant Modaraba framework.
What documents are needed for Modaraba Management Company Authorisation?
Sponsor and corporate documents; Business and Modaraba plan; Shariah governance; Directors' information. Additional requirements can apply to the actual business or regulator.
How can I obtain Modaraba Management Company Authorisation in Pakistan?
Choose the Modaraba manager and fund structure: Determine the eligible Modaraba management company, proposed Modaraba business and the Shariah governance model. Seek SECP Modaraba management approval: Prepare sponsors, board and religious/Shariah compliance arrangements under the dedicated Modaraba company statute and applicable rules. Complete formation and separate Modaraba authorisations: Register the management company and pursue the proposed Modaraba's own formation or flotation permissions as applicable. Operate under Shariah and financial reporting duties: Implement separate accounts, management records and regulatory returns.
This guide is general information, not advice on your facts. Check the applicable law, notifications, updated regulator checklists and jurisdiction before acting. The authority alone determines eligibility, acceptance and approval; no outcome or processing period is guaranteed.