Table of Contents

Introduction

04

Corporate Information

06

Brand Ethos

08

Corporate Governance

14

Key Operating and Financial Data

25

Six years Vertical Analysis

29

Six years Horizontal Analysis

30

Chairman's Review

31

Directors' Report to the Shareholders

34

Report of the Shari'ah Board

62

Statement of Compliance with The Listed Companies

(The Code of Corporate Governance) Regulations, 2019

68

Review Report on Statement of Compliance contained

in the Listed Companies

(Code of Corporate Governance) Regulations, 2019

72

Service Quality and Customer Complaints Handling

73

Independent Auditors' Report to the Members of Bank Makramah

Limited Unconsolidated Financial Statement

78

Unconsolidated Financial Statements

84

Independent Auditors' Report to the Members of Bank Makramah

Limited Consolidated Financial Statement

192

Consolidated Financial Statements

197

Categories of Shareholders

306

Pattern of Shareholding

307

Notice of Annual General Meeting

313

Branch Network

317

Form of Proxy

329

Corporate

Board of Directors:

Mr. Abdulla Nasser Abdulla Hussain Lootah

Chairman / Non-Executive Director

Mr. Muhammad Salman Alam Fazli

Vice Chairman / Non-Executive Director

Mr. Jawad Majid Khan

President & CEO / Executive Director

Mr. Waseem Mehdi Syed

Independent Director

Mr. Zafar Iqbal Siddiqi

Non-Executive Director

Mr. Wajahat Ahmed Baqai

Non-Executive Director

Ms. Fauzia Hasnain

Independent Director

Board Audit Committee

Ms. Fauzia Hasnain

Chairperson

Mr. Muhammad Salman Alam Fazli

Member

Mr. Zafar Iqbal Siddiqi

Member

Mr. Wajahat Ahmed Baqai

Member

Board Risk Management Committee

Mr. Wajahat Ahmed Baqai

Chairman

Mr. Muhammad Salman Alam Fazli

Member

Mr. Zafar Iqbal Siddiqi

Member

Ms. Fauzia Hasnain

Member

Board Human Resource & Remuneration Committee

Ms. Fauzia Hasnain

Chairperson

Mr. Abdulla Nasser Abdulla Hussain Lootah

Member

Mr. Muhammad Salman Alam Fazli

Member

Mr. Jawad Majid Khan

Member

Mr. Waseem Mehdi Syed

Member

Board Information Technology Committee

Mr. Zafar Iqbal Siddiqi

Chairman

Mr. Abdulla Nasser Abdulla Hussain Lootah

Member

Mr. Muhammad Salman Alam Fazli

Member

Mr. Jawad Majid Khan

Member

Mr. Waseem Mehdi Syed

Member

Board Compliance Committee

Mr. Waseem Mehdi Syed

Chairman

Mr. Abdulla Nasser Abdulla Hussain Lootah

Member

Mr. Muhammad Salman Alam Fazli

Member

Mr. Zafar Iqbal Siddiqi

Member

Mr. Wajahat Ahmed Baqai

Member

06 BML Annual Report 2023

Board Special Assets Management Committee:

Mr. Wajahat Ahmed Baqai

Chairman

Mr. Abdulla Nasser Abdulla Hussain Lootah

Member

Mr. Muhammad Salman Alam Fazli

Member

Mr. Jawad Majid Khan

Member

Mr. Waseem Mehdi Syed

Member

Ms. Fauzia Hasnain

Member

Shariah Board

Mufti Muhammad Najeeb Khan

Chairman

Mufti Irshad Ahmed Aijaz

Member

Dr. Noor Ahmed Shahtaz

Member

Mufti Bilal Ahmed Qazi

Member

Mufti Syed Zubair Hussain

Resident Shariah Board Member

Chief Financial Officer

Mr. Salman Zafar Siddiqi

Company Secretary

Syed Muhammad Talib Raza

Auditors

M/s. Yousuf Adil Chartered Accountants

Legal Advisors

Hyat & Meerjees

Share Registrar

THK Associates (Private) Limited

Plot No. 32-C, Jami Commercial Street-2, D.H.A, Phase-VII, Karachi.

Tel: 021-111-000-322

Ext: 107-111-115

Fax: 021-35310190

Email: secretariat@thk.com.pk

Website: www.thk.com.pk

Head Office

Plot No. G-2,Block-2, Clifton, Karachi.

UAN: 021-111-124-365

Fax: 021-32463553

Registered Office

Plot No. 9-C,F-6 Markaz, Supermarket,

Islamabad, Pakistan

Email: info@bankmakramah.com.pk companysecretary@bankmakramah.com.pk

Website: www.bankmakramah.com.pk

BML Annual Report 2023 07

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Bank Makramah Ltd. published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2024 10:30:02 UTC.