Regulatory Compliance & Leadership

Corporate Governance

Board of Directors, Committees, Shareholding Pattern & Dedicated Shariah Supervisory Framework.

Executive Leadership

Board of Directors

Fiduciary leadership steering MRA Securities toward sustained market leadership, governance transparency, and Shariah excellence.

Mr. Muhammad Arif Farooq Qadri
Executive Director

Mr. Muhammad Arif Farooq Qadri

Mr. Arif Qadri brings over 30 years of Pakistan stock market experience. Leads business development, driving growth, innovation, and investor engagement while championing financial-inclusion initiatives.

Mr. Muhammad Farhan
Principal Sponsor & Executive Director

Mr. Muhammad Farhan

Mr. Muhammad Farhan is an experienced capital-markets professional with deep expertise in equity trading, risk management, and portfolio management. As Managing Director, he spearheaded the firm's expansion, fortified op...
Audited Capital Structure

Pattern of Shareholding

Distribution of shares among MRA Securities stakeholders as of June 30, 2025.

June 30, 2025
Shareholders CategoryNumber of SharesPercentage Stake
Muhammad Farhan (Director)46,124,75536.18%
Muhammad Junaid Rafiq (Sponsor)15,000,00011.76%
Ahmed Rafiq (Sponsor)21,219,23116.64%
Mumtaz Rafiq (Shareholder)14,032,42711.01%
TOTAL SHARES127,500,000100.00%
Showing top 4 of 9 shareholders
Oversight Architecture

Board Committees

Specialized oversight committees ensuring strict internal risk controls, statutory auditing, and capital allocation prudence.

Audit Committee

Muhammad ShoaibChairperson
Muhammad FarhanMember
Muhammad Arif FarooqMember
Muhammad HaroonMember

Risk Management Committee

Muhammad ShoaibChairperson
Muhammad FarhanMember
Muhammad Arif FarooqMember
Muhammad HaroonMember

Investment Committee

Muhammad ShoaibChairperson
Muhammad FarhanMember
Muhammad HaroonMember

Human Resource Committee

Muhammad HaroonChairperson
Muhammad FarhanMember
Muhammad ShoaibMember
SECP Shariah Governance Framework

Independent Shariah Supervisory Window

MRA Wiqaya operates under a dedicated Shariah governance framework supervised by renowned scholar Mufti Abu Muhammad Ali Asghar Attari Madani from the Halal Economy Advisory Centre (HEAC) (SECP Registration No. SECP/IFD/SA/220).

Segregated Banking

Isolated Islamic client fund accounts with zero co-mingling.

Continuous Audits

Quarterly Shariah reviews and purification compliance checks.

Mufti Abu Muhammad Ali Asghar

Mufti Ali Asghar

Shariah Advisor & Jurist

HEAC (SECP Reg: SECP/IFD/SA/220)