Who we are

Security Investment Bank Limited (SIB) is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The SIB was incorporated in Pakistan on May 23, 1991 and started its commercial operation on December 31, 1991. Its shares are quoted on Karachi, Lahore and Islamabad Stock Exchanges. The registered office of SIBL is situated at Flat No. 4, 3rd Floor, Al-Baber Centre, Main Markaz, F-8, Islamabad.

SIB is licensed to carry out business of investment finance services as a Non-Banking Finance Company (NBFC) under section 282C of the Companies Ordinance, 1984 and the Non-Banking Finance Companies ( Establishment and Regulation ) Rules, 2003 issued by the Securities and Exchange Commission of Pakistan (SECP) and Non-Banking Finance Companies and Notified Entities Regulations 2008 (previously this was covered under SRO 585(1)/87 dated 13 July 1987, issued by the Ministry of Finance).

SIB is also TREC holder of Karachi Stock Exchange Ltd and member of Pakistan Mercantile Exchange Ltd.

Our Vision

Vision Statement

Aiming for continued growth, we will further develop our strengths to seize new opportunities and maintain our steadfast commitment.

Our Mission

Mission Statement

Meet the challenges of highly competitive market with our expertise, creativity and service.
Develop & maintain strong client relationship.
Continuously enhance our contributions towards industrial development of the country.
Above all, in a tradition of prudent growth, our unwavering determination to strengthen long term earnings and return on shareholders' equity will endure.

MANAGEMENT PROFILE

MR. ZAFAR M. SHAIKH

PRESIDENT AND CHIEF EXECUTIVE OFFICER

He is a renowned professional having a successful career spanning over three decades of international and domestic banking experience with primary emphasis on treasury and fund management covering both conventional and Islamic banking. Throughout his career, he has served for almost 6 years as Director General Central Directorate of National Savings with additional charge of DG Debt in Ministry of Finance and successfully managed and enhanced cost effective total portfolio from PKR 1030 billion to over PKR 2500 billion (equivalent USD 24 billion) in 5 years. He has also been Additional Director General, Debt Management, Ministry of Finance, for two years during which he effectively managed Domestic/External Debt and played a pivotal role in issuance of Sukuk and Commercial Bonds in International Markets. Developed domestic and international investor base for selling short and long dated government securities. He also introduced, for the first time in Pakistan, 30-year government bond. Presented a comprehensive strategy for prudent hedging on exchange as well as interest rates on substantial external non-USD loan portfolio of G.O.P. totaling approximately USD 38 billion. He also served as Advisor on Forex and Debt Management / Head of Treasury to the Governor State Bank of Pakistan for Four Years. During the assignment with the State Bank of Pakistan, managed to almost achieve the ideal trinity of low interest rates, stable exchange rates and comfortable foreign exchange reserves. Achieved milestone in historic build up of Foreign Exchange Reserves / stability in Exchange Rate. Played a key role in the establishment of Reserve management and Risk management departments at the central bank. Introduced and developed KIBOR as prudent benchmark in the banking history of Pakistan.
Before joining Government of Pakistan, Mr. Zafar has also served various financial institutions in Dubai, London and New York for almost 18 years in senior capacities/treasurer of banks.

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MR. MUHAMMAD AMIN KHATRI

Chief Financial Officer

He is qualified professional having rich experience of more than 15 years in financial sector. Throughout his career, he has enjoyed the position as Head of Internal Audit / Compliance for three years, as Company Secretary for four years and as Chief Financial Officer / Head of Operations for almost 10 years. Before joining Security Investment Bank Limited he worked as Auditor in M. Yousuf Adil Saleem & Co. (Chartered Accountants), a member firm of Deloitte Touche Tohmatsu Limited in Pakistan, for four years. During this period he was assigned many special tasks including Core banking of Large Commercial Bank, Nostro Reconciliation, Audit of Forex Divisions of a large Commercial Bank. He is an FCMA, FPA and finalist of CIMA (UK). Presently he is working as Chief Financial Officer in the Company.

MR. SHAKEEL AHMED

Company Secretary

Shakeel Ahmed is currently working as Company Secretary of Security Investment Bank. He has rich experience of more than 8 years in financial sector. He started his career in the organization as Manager Finance and MIS for 8 years, Before joining Security Investment Bank Limited he worked as Manager Finance in Habib Knit Fabrics (Pvt) Ltd. (Habib Group) for 9 years (Year 1999 to Year 2008). He has completed audit trainee under the bye laws of Institute of Chartered Accountants of Pakistan, Karachi (March-1992 to March-1996). He is MBA-Finance from HEC recognize university.

SYED IMRAN BASHIR

Head of Operations

Syed Imran Bashir is currently working as Head of Operations & Credit of Security Investment Bank. He is associated with the Banking Industry over two decades and started his career with Standard Chartered Bank in 1995. Held various positions in reputed banks included microfinance in Pakistan and abroad. Having expertise in banking operations, he has developed a wide range of skill set and success stories in delivering commendable service to banks and their customers. His core expertise lies in establishing and managing diversified areas of banking operations. His work dimension also includes various senior managerial functions and instrumental in operational activities.

SHAH IMRAN AHMED

Head of Internal Audit and Compliance

Shah Imran Ahmed is currently working as Head of Internal Audit & Compliance in Security Investment Bank Ltd since Sep-2004. He has rich experience of more than 12 years in financial sector. He started his career in the organization as Manager Internal Audit for 11 years Before joining Security Investment Bank Limited he worked as Senior Accountant in Textile Industry for 4 years. He has completed Audit Trainee from Hyder Bhimji & Company-Chartered Accountant. He is MBA-Finance from HEC recognize university.

Corporate Information

Name of Board of Directors

Our Board comprises of coveted business groups of our country and includes following

PROFILE OF BOARD OF DIRECTORS

HAJI JAN MUHAMMAD

CHAIRMAN

Haji Jan Muhammad, the Chairman ARY Group, is a well known businessman and highly regarded in the business and financial circle. He has more than 41 years of rich experience in the field of Cables and wire Industry. He has been successfully running leading wire and cable manufacturing company namely H. M. Esmail & Company Ltd. since early fifties. Besides his business work, he is also very well regarded in the field of social welfare and services.

MR. MUHAMMAD SHOAIB

DIRECTOR

Mr. Muhammad Shoaib is member of ARY Family and well known in business community. He has more than 20 years of rich experience in the field of Cables and Wire Industry. He has been successfully running leading wire and cable manufacturing company namely New Delite Company Ltd. since 1996. Besides his business work, he is also very well regarded in the field of social welfare and services.

MR. SHEIKH ASIM RAFIQUE

NIT NOMINEE

Mr. Sheikh Asim Rafique is National Investment Trust- Nominee (NIT – Nominee). He is a Professional Chartered Accountant having rich experience in field of Audit. Presently he is working in NIT as a Head of Internal Audit for the last 8 years

MR. SHAIKH ABDULLAH

DIRECTOR

Mr. Shaikh Abdullah is a Seasoned Banker having rich experience of more than 50 years in financial sector. He has served in well reputed Commercial Banks including Habib Bank Limited, May Bank, Summit Bank Limited and Habib Bank AG Zurich where he enjoyed positions of Senior Vice President, Chief Manager and Divisional Head.

MR. KARIM MUHAMMAD MUNIR

DIRECTOR

Mr. Karim Muhammad Munir is a seasoned Banker having more than 46 years of experience including 30 years in Treasury & Money Market. He has been with associated with various Financial Institutions in Pakistan and Middle East in various capacities including Treasurer (Chief Dealer), Exchange Dealer, Money Market Dealer, Customer Dealer, Head of Treasury Operations.

MR. MUHAMMAD MEHBOOB

DIRECTOR

Mr. Muhammad MEHBOOB is member of ARY Family and well known in business community. He has more than 20 years of rich experience in the field of Media and Communication Industry. He has been successfully running leading Media and Communication company since 2000. Besides his business work, he is also very well regarded in the field of social welfare and services.

MR. ZAFAR MUHAMMAD SHAIKH

DIRECTOR / PRESIDENT & CEO

He is a renowned professional having a successful career spanning over three decades of international and domestic banking experience with primary emphasis on treasury and fund management covering both conventional and Islamic banking. Throughout his career, he has served for almost 6 years as Director General Central Directorate of National Savings with additional charge of DG Debt in Ministry of Finance and successfully managed and enhanced cost effective total portfolio from PKR 1030 billion to over PKR 2500 billion (equivalent USD 24 billion) in 5 years. He has also been Additional Director General, Debt Management, Ministry of Finance, for two years during which he effectively managed Domestic/External Debt and played a pivotal role in issuance of Sukuk and Commercial Bonds in International Markets. Developed domestic and international investor base for selling short and long dated government securities. He also introduced, for the first time in Pakistan, 30-year government bond. Presented a comprehensive strategy for prudent hedging on exchange as well as interest rates on substantial external non-USD loan portfolio of G.O.P. totaling approximately USD 38 billion. He also served as Advisor on Forex and Debt Management / Head of Treasury to the Governor State Bank of Pakistan for Four Years. During the assignment with the State Bank of Pakistan, managed to almost achieve the ideal trinity of low interest rates, stable exchange rates and comfortable foreign exchange reserves. Achieved milestone in historic build up of Foreign Exchange Reserves / stability in Exchange Rate. Played a key role in the establishment of Reserve management and Risk management departments at the central bank. Introduced and developed KIBOR as prudent benchmark in the banking history of Pakistan.
Before joining Government of Pakistan, Mr. Zafar has also served various financial institutions in Dubai, London and New York for almost 18 years in senior capacities/treasurer of banks.

DETAIL OF SPONSORS

ARY Group

A well known group of Pakistan founded by Haji Abdul Razzak Yaqoob. They are engaged in Gold business and Media business for the last 3 decades.

DETAIL OF SPONSORS

National Investment Trust Limited

The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962, had Funds under management of approximately Rs. 119 billion, with around 54,171 unit holders as on January 31, 2017. NIT's distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.

PATTERN OF SHARE HOLDING

SECURITY INVESTMENT BANK LIMITED

PATTERN OF SHAREHOLDING

AS ON 31 DECEMBER 2016

Credit Rating

JCR-VIS Credit Rating Company Limited has assigned the following entity rating to SIB

Head Office / Principal Office

502, 5th Floor, Madina City Mall,
Abdullah Haroon Road, Saddar, Karachi.
Telephone (021) 35659750-54
Fax (021) 35659755
Email sibl@sibl.com.pk

Registered Office

Flat No.4, 3rd Floor, Al-Baber Centre,
Main Markaz, F-8, Islamabad
Telephone (051) 2818107-09
Fax (051) 2818110
Email sibl@sibl.com.pk

DETAIL OF NET CAPITAL BALANCE AUDITOR

Our statutory auditors are also the auditors of Net Capital Balance Certification. Details are as under:

M/s Muniff Ziauddin & Co.

Chartered Accountants
SBS Clifton Karachi.

NET CAPITAL BALANCE DATA

The Net Capital Balance of the company is Rs. 298.40 million as of June 30, 2016 dully reviewed by auditors on Sept 2016.

KNOW YOUR CUSTOMER (KYC) / CUSTOMER DUE DILIGENCE (CDD) POLICY

Click Here For KYC/CDD Checklist Form

STANDARDIZED ACCOUNT OPENING FORM (SAOF)

Click Here For SAOF File

INVESTOR GRIEVANCES

SECURITY INVESTMENT BANK LIMITED

GRIEVENCE HANDLING PROCESS

1. Letters and emails sent by the client shall be received directly by the Head of Compliance for immediate action.
2. Head of Compliance will maintain a register to log all client grievances/complaints and their resolutions.
3. Head of Compliance will coordinate with the concerned departments to resolve the grievance/complaint within 10 working days and respond back to the client with an outcome to satisfy client query. Head of Operations will be copied on all communications in this regard.
4. In cases where Head of Compliance is unable to satisfy the client query within 10 working days, the Head of Operations will review the matter and try to resolve the same.
5. Should the matter remain unresolved even after the intervention of the Head of Operations, client will have the option to refer the matter to an Arbitration Committee of the Exchange.
6. Contact email address shakeel@sibl.com.pk, head office address: 502, 5th floor, Madina City Mall, Abdullah Haroon Road, Saddar, Karachi.

PENDING INVESTOR COMPLAINT(S)

NIL

DETAIL OF CONTACT PERSON DESIGNATED TO HANDLE COMPLAINT

MR. SHAH IMRAN AHMED

021-5659750-54 Ext : 121

DETAIL OF ACTION(S) TAKEN BY EXCHANGE AND THE COMMISSION AGAINST THE BROKERAGE HOUSE

NIL

COMMISSION COMPLAINT LODGE LINK

https://www.secp.gov.pk/form_complaint_online.asp

PAKISTAN STOCK EXCHANGE COMPLAINT LODGE LINK

http://csir.psx.com.pk

Feedback Form

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MEDIA

Mr. Zafar took charge of Security Investment Bank Limited

RESEARCH

(Under Construction)

FREQUENTLY ASKED QUESTIONS

FAQ (Blank)

Corporate Advisory Services

Certificate of Deposits

CERTIFICATE OF Deposits (For Individuals Only)

Investment Limit

There is no limit as to the maximum amount of investment. The minimum amount and maturity period to issue COI is Rs. 50,000/- and one month respectively.

Delivery of Certificates

The COI will be issued only after receipt of funds in case of cash payment and in the case of cheque, pay order or demand draft, after realization of proceeds.

Zakat Deductible at Source

Zakat will be deducted as per Zakat and Ushr Ordinance, 1980.

Withholding Tax

Tax shall be deducted at source from payment of profits as required by the Income Tax Ordinance, 2001. At present tax is chargeable at the rate of ten percent (10%) of the amount of profit being paid.

Disclaimer

" The Certificate of Deposits of "Non-Banking Finance Companies are subject to various risks including credit risk and liquidity risk. The prospective customers are advised to conduct their own due diligence prior to investing in Certificate of Deposits of a Non-Banking Finance Company."

Investor Information

Name of Auditor of the Company

M/s. Munif Ziauddin & Co, Chartered Accountants

Name and Address of Share Registrar

M/s. C & K Management Associates
404, Trade Tower, Abdullah Haroon Road
Hotel Metropolitan, Karachi.
Contact no. : 02135685930
Timing : Monday- Thursday 9:30 am to 1:00 pm
Friday 9:30 am to 12:30 pm

Financial Highlights

Summary of key operating and financial data;

Corporate Financing

Car Financing

Corporate Advisory Services

Financials Accounts

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