Mohammad Shoaib

CFA holder linked to Al Meezan Investments

Compiled from 1 recorded interview. Every statement below is drawn from the passage cited beside it.

Mohammad Shoaib is a CFA holder associated with Al Meezan Investments, which he has described as the largest asset management company in Pakistan. He has said the company began with three employees and now has about 650. He completed a BBA with honours and an MBA at IBA.

Education

Shoaib studied commerce and then decided to do an MBA. He graduated in 1988. [1]

Career

After graduating, Shoaib took a couple of jobs that did not interest him. He taught a semester at IBA after a request from the institute. He joined an investment company, where his department was capital markets investments. He found the investment field very attractive when he entered it. He worked for five years at a firm, managing its portfolio, and was given responsibility for setting up a company. [1]

Al Meezan Investments

Shoaib has said the company once operated from one room and now has about 25 offices. Its initial total fund was 250 million rupees, and Al Meezan Investments now manages about 200 billion rupees. He has said Al Meezan Investments has 25 branches, while Meezan Bank has 800 branches. [1]

Shoaib has said the vision of Al Meezan Investments was to make Sharia compliant investing the first choice for investors. He has said such investing requires each transaction to be backed by an asset. According to him, derivatives and options are not allowed in Islamic investment. He has also said treasury bills are not an Islamic product, so the government issues sukuk instead. [1]

Shoaib has said Al Meezan has about 18 different mutual funds. He has said each mutual fund has its own investment objective, risk profile and return. He has said money market funds have very low volatility and relatively low returns. He has said Al Meezan's pension fund is the largest voluntary pension fund in Pakistan, and that Al Meezan offers target-based investment plans. [1]

Shoaib has said Al Meezan assesses each potential investor's risk tolerance before recommending products. He has said the assessment asks about liquidity needs and how many years an investor will invest. [1]

Shoaib has said Al Meezan does not accept cash, so a bank account is the main requirement. He has said an investor can invest by cheque from an account at any bank. He has said an investment advisor can come to the investor and help with account opening and investing. He has said Al Meezan has animated videos on its website that explain how to open an account, and a toll-free number, 0800 halal. [1]

Shoaib has said Al Meezan offers digital account opening through its mobile app and website. He has said digital account opening is completely paperless. He has said a digital account is usually opened within one to two days after due diligence. He has said fingerprinting is not required for mutual fund accounts in Pakistan. He has also said the State Bank is launching the Raast programme. [1]

Views

Shoaib has said a mutual fund is professionally managed. He has compared the stock market to a pharmacy and a mutual fund to a doctor. He has said an equity fund spreads investors' money over a diversified portfolio rather than one company. He has said a fund distributes to its unit holders at the end of the year. [1]

Shoaib has said capital gains inside a mutual fund are not taxed at the time they are earned. He has said withdrawals made before four years are taxed on the capital gain. He has also said investors can put up to 20% of annual income into mutual funds without paying tax on that amount. [1]

Shoaib has said the reported domestic saving rate is about 7%, compared with 30 to 31% in India and Bangladesh. He has said one reason for low saving is that disposable income is low. He has said people keep savings where they earn nothing, and some say they might as well spend the money. He has also said current property prices are out of reach for an ordinary person. [1]

Shoaib has said his country's foreign currency debt has reached about 120 billion dollars. He has said his country's foreign debt was about 30 to 35 billion dollars when he graduated from IBA in 1988. He has said his country's spending has exceeded its revenue, and as a result it is caught in a debt trap. [1]

Shoaib has said his country's cotton crop was 13 to 17 million bales in the past and 6.5 million bales last year. He has said natural resources are a constraint because the amount of land will stay the same. He has said his country's software exports were under 1 billion dollars up to last year. [1]

Shoaib has said a young educated population is growing very fast and needs to be capitalised on. He has said his country has people who could work in call centres, a concept that works well in the Philippines and India. He has said Pakistan will have a very good future if education and its utilisation are fixed. In his words, if you go in the right direction you will arrive, but if the direction is not right you will end up somewhere else. [1]

Timeline

1988
Graduated[1]

Appearances

DateTitleWhere
2021-11-29 Pakistan saves seven rupees out of a hundred. India saves thirty. Thought Behind Things

Frequently asked questions

Who is Mohammad Shoaib?

Mohammad Shoaib is a CFA holder associated with Al Meezan Investments. He has described Al Meezan Investments as the largest asset management company in Pakistan.[1]

What company is Mohammad Shoaib associated with?

Mohammad Shoaib is associated with Al Meezan Investments. He has said the company started with three employees and now has about 650. He has also said it now manages about 200 billion rupees.[1]

Where did Mohammad Shoaib study?

Mohammad Shoaib studied commerce and then decided to do an MBA. He completed a BBA with honours and an MBA at IBA. He graduated in 1988.[1]

Is Mohammad Shoaib a CFA?

Yes. Mohammad Shoaib holds the CFA designation.[1]

What does Mohammad Shoaib say about Sharia compliant investing?

Mohammad Shoaib has said the vision of Al Meezan Investments was to make Sharia compliant investing the first choice for investors. He has said such investing requires each transaction to be backed by an asset. He has also said derivatives and options are not allowed in Islamic investment.[1]

What did Mohammad Shoaib do after graduating?

After graduating, Mohammad Shoaib took a couple of jobs that did not interest him. He taught a semester at IBA after a request from the institute. He then worked for five years at a firm, managing its portfolio.[1]

What does Mohammad Shoaib think about the future of Pakistan?

Mohammad Shoaib has said Pakistan will have a very good future if education and its utilisation are fixed. He has also said a young educated population is growing very fast and needs to be capitalised on.[1]

References

  1. Pakistan saves seven rupees out of a hundred. India saves thirty. . Thought Behind Things , 2021-11-29.
Show the source passages (62 statements)
  1. Mohammad Shoaib holds the CFA designation. Mr. Mohammad Shoaib, CFA - Al Meezan Investments
  2. Mohammad Shoaib is associated with Al Meezan Investments. Mr. Mohammad Shoaib, CFA - Al Meezan Investments
  3. He studied commerce, then decided to do an MBA. to my field was commerce, then I decided I should do my MBA.
  4. He completed a BBA with honours. Aur MBA maine kiya BBA honors and MBA kiya IBA se.
  5. He completed an MBA at IBA. Aur MBA maine kiya BBA honors and MBA kiya IBA se.
  6. He graduated in 1988. So us 88 ke baad jab maine graduate kiya
  7. After graduating he took a couple of jobs that did not interest him. To ek ek do jagah job kiya, kuch maza nahi aaya
  8. He taught a semester at IBA after a request from the institute. kuch IBA ki taraf se request aayi ka kuch padha dein students ko. Ek aad semester padhaya bhi.
  9. He joined an investment company, where his department was capital markets investments. I joined Pakistan Kuwait Investment Company and my department was capital markets investments.
  10. He found the investment field very attractive when he entered it. jab maine investment ke area mein aaya to mujhe bahut hi acha laga
  11. He worked for five years at a firm, managing its portfolio. Al Pak Kuwait ke saath main paanch saal tak kaam karta raha, unke portfolio ko manage karta raha.
  12. He was given responsibility for setting up a company. Mujhe iski zimmedari saupi gayi ke aap is company ko banaye.
  13. Mr Shoaib has said Al Meezan Investments started with three employees. from a very small scale, we started with three employees.
  14. Mr Shoaib has said Al Meezan Investments now has about 650 employees. Now mashallah we have about 650 employees.
  15. Mr Shoaib has said the company once operated from one room and now has about 25 offices. We are actually one room office, now we have about 25 offices.
  16. Mr Shoaib has said the company's initial total fund was 250 million rupees. Uh ek jo total fund tha wo 250 million rupees ka tha.
  17. Mr Shoaib has said Al Meezan Investments now manages about 200 billion rupees. it has grown to 200 billion rupees and we are the largest asset management company in Pakistan.
  18. Mr Shoaib has said Al Meezan Investments is the largest asset management company in Pakistan. we are the largest asset management company in Pakistan.
  19. Mr Shoaib has said Al Meezan Investments has 25 branches and Meezan Bank has 800 branches. Al Meezan Investments ki 25 branches hain aur iske alawa Meezan Bank ki bhi 800 branches hain.
  20. Mr Shoaib has said Al Meezan's vision was to make Sharia compliant investing the first choice for investors. to make Sharia compliant investing first choice for the investors. Wo tha Al Meezan Investment ka vision.
  21. Mr Shoaib has said Sharia compliant investing requires each transaction to be backed by an asset. jo bhi transaction ki jaati hai wo usme asset backed hoti hai Sharia compliant investing mein
  22. Mr Shoaib has said derivatives and options are not allowed in Islamic investment. jaise derivatives hain, options waghera hain, wo Islamic investment mein allow nahi hoti hain.
  23. Mr Shoaib has said Al Meezan has about 18 different mutual funds. Hamare paas takreeban is waqt 18 ke qareeb different mutual funds hain
  24. Mr Shoaib has said each mutual fund has its own investment objective, risk profile and return. har ek ka investment objective different hai, uska risk profile different hai, return.
  25. Mr Shoaib has said Al Meezan assesses each potential investor's risk tolerance before recommending products. Hum ye karte hain ke jab hamare paas koi investor aata hai, potential investor, to uska ek risk assessment karte hain.
  26. Mr Shoaib has said the assessment asks about liquidity needs and how many years an investor will invest. Usko liquidity ki kitni requirement hai? Wo kitne saal ke liye paise invest karna chah raha hai?
  27. Mr Shoaib has said money market funds have very low volatility. Uske liye hum recommend karte hain money market fund ko jahan pe volatility bahut kam hoti hai.
  28. Mr Shoaib has said money market funds have relatively low returns. Return bhi uska relatively kam hota hai.
  29. Mr Shoaib has said Al Meezan's pension fund is the largest voluntary pension fund in Pakistan. hamara Meezan Tahaffuz Pension Fund hai. Again Pakistan ka sabse bada ye voluntary pension fund hai.
  30. Mr Shoaib has said treasury bills are not an Islamic product, so the government issues sukuk instead. treasury bill chuke Islamic product nahi hai to government uske liye sukuk issue karti hai.
  31. Mr Shoaib has said Al Meezan offers target-based investment plans. To ye different target based bhi investment plans maujood hote hain.
  32. Mr Shoaib has said Al Meezan has animated videos on its website that explain how to open an account. humne bahut saari animated videos jo hai apni website pe daali hui hain jo aapko batati hain ke aap apna account kaise khol sakte hain
  33. Mr Shoaib has said Al Meezan has a toll-free number, 0800 halal. hamare jo toll free number hai 0800 halal us pe jaake aap jo hai basically call kar sakte hain
  34. Mr Shoaib has said an investment advisor can come to the investor and help with account opening and investing. wo aapke paas aa jayega aapko facilitate kar dega account opening mein aur investment mein
  35. Mr Shoaib has said Al Meezan does not accept cash, so a bank account is the main requirement. Sirf ek requirement yehi hoti hai sabse badi ke aapka bank account hona chahiye kyunke hum cash nahi lete.
  36. Mr Shoaib has said an investor can invest by cheque from an account at any bank. kisi bhi bank mein aap apna account hai aap wahan se paise check likh ke investment kar sakte hain.
  37. Mr Shoaib has said Al Meezan offers digital account opening through its mobile app and website. hamari mobile app hai aur hamara jo website hai wahan aap jaake digital account open kar sakte hain.
  38. Mr Shoaib has said digital account opening is completely paperless. It is a completely paperless solution.
  39. Mr Shoaib has said a digital account is usually opened within one to two days after due diligence. aapka account within within next one day or within maximum two days jo bhi due diligence uski required hoti hai
  40. Mr Shoaib has said fingerprinting is not required for mutual fund accounts in Pakistan. Fingerprint ki jee koi requirement nahi hai. Abhi tak to at least Pakistan mein mutual fund ke liye nahi hai
  41. Mr Shoaib has said the State Bank is launching the Raast programme. Ab hum koshish kar rahe hain ke State Bank ek naya program launch kar raha hai Raast program.
  42. Mr Shoaib has said a mutual fund is professionally managed. jab mutual fund ka concept ye hai ke isko professionally manage ho jata hai.
  43. Mr Shoaib has compared the stock market to a pharmacy and a mutual fund to a doctor. To stock market is like a pharmacy and mutual fund is like a doctor.
  44. Mr Shoaib has said an equity fund spreads investors' money over a diversified portfolio rather than one company. Rather than ke ek company mein invest kare, ek diversified portfolio banaya jata hai
  45. Mr Shoaib has said a fund distributes to its unit holders at the end of the year. hum saal ke end mein jo fund hai apni unit holders ko wo distribute kar deta hai.
  46. Mr Shoaib has said capital gains inside a mutual fund are not taxed at the time they are earned. mutual fund manager us shares buy sell karta rehta hai us pe capital gain usko milta zaroor hai lekin us pe koi tax nahi dena padta.
  47. Mr Shoaib has said withdrawals made before four years are taxed on the capital gain. Lekin jab investor jab apne paise wapas nikalta hai mutual fund se us waqt jitna uska capital gain hua hai uske upar usko tax dena padta hai agar wo char saal se pehle paise nikal le.
  48. Mr Shoaib has said investors can put up to 20% of annual income into mutual funds without paying tax on that amount. uska up to 20% aap mutual fund mein invest kar sakte hain aur karne ko to aap 100% bhi kar sakte hain lekin agar aap 20% tak invest karenge to us 20% ke upar aapko koi tax nahi dena padega.
  49. Mr Shoaib has said the reported domestic saving rate is about 7%, compared with 30 to 31% in India and Bangladesh. Aur is waqt jo reported domestic saving rate hai I think about 7% hai. Agar hum usko India aur Bangladesh se compare karein wahan 30 to 31% hai.
  50. Mr Shoaib has said one reason for low saving is that disposable income is low. Ek to logon ki jo hai na basically agar aap keh dein ke jo disposable income hai wo kam hai to unke paas paisa apna kharcha poora karne ke baad bachta hi kam hai.
  51. Mr Shoaib has said people keep savings where they earn nothing, and some say they might as well spend the money. To rather than us paise ko sandook mein rakhein ya phir usko kahin bhi aisa rakhein jahan koi earning nahi hoti, wo kehte hain might as well spend it.
  52. Mr Shoaib has said current property prices are out of reach for an ordinary person. Lekin zaahir hai ke ab jo prices hain na wo ek aam aadmi ki reach ke liye nahi.
  53. Mr Shoaib has said that if you go in the right direction you will arrive, but if the direction is not right you will end up somewhere else. Agar aap sahi direction mein ja rahe honge to aap pahunch jayenge lekin agar aapki direction hi theek nahi hogi to kahin aur pahunchenge.
  54. Mr Shoaib has said his country's foreign currency debt has reached about 120 billion dollars. Yaani hamara jo foreign currency debt hai takreeban 120 arab dollar ho chuka hai.
  55. Mr Shoaib has said his country's foreign debt was about 30 to 35 billion dollars when he graduated from IBA in 1988. Jab maine IBA se graduate kiya tha 1988 mein to mujhe yaad hai maine ek foreign foreign uh aid ke upar aur foreign uh loans ke upar ek report ki thi us waqt. Us waqt hamara jo foreign debt tha woh takreeban 30 to 35 billion dollar ke qareeb tha.
  56. Mr Shoaib has said his country's spending has exceeded its revenue, and as a result it is caught in a debt trap. Hamara jo mulk ka jo kharcha hai woh apne revenue se zyada raha hai. Uski wajah se is waqt humara ek debt trap mein phans chuke hain.
  57. Mr Shoaib has said his country's cotton crop was 13 to 17 million bales in the past and 6.5 million bales last year. hamari cotton crop jo thi woh 13 14 17 million bales hoti thi pichle saal woh 6.5 million bale hui hai.
  58. Mr Shoaib has said natural resources are a constraint because the amount of land will stay the same. Lekin natural resources are a constraint. Kyunki zahir hai jitni zameen hai utni hi rahegi.
  59. Mr Shoaib has said his country's software exports were under 1 billion dollars up to last year. Hamari jo software ki exports hain woh pichle saal tak 1 arab dollar se bhi kam thi.
  60. Mr Shoaib has said a young educated population is growing very fast and needs to be capitalised on. Young educated population hai bahut tezi se izafa ho raha hai. Usko humein capitalize karne ki zarurat hai.
  61. Mr Shoaib has said his country has people who could work in call centres, a concept that works well in the Philippines and India. hamare paas ye log hain call centers ka jo concept hai Philippines mein bahut achha chal raha hai, India mein bahut achha chal raha hai.
  62. Mr Shoaib has said Pakistan will have a very good future if education and its utilisation are fixed. Agar hum apne education ko theek kar lenge, unke utilization ko theek kar lenge to main samajhta hoon ke Pakistan ke liye Inshallah bahut achha mustaqbil hoga.