Muhammad Rizwan-ul-Haque (Senior Executive Vice President)

Mr. Muhammad Rizwan-ul Haque is an MBA from IBA-Punjab University, Lahore with a major in finance. He has got over 25-years of; investment, corporate & commercial Banking experience. Mr. Haque’s area of interest & expertise is; corporate finance & restructuring, corporate Management, dispute Resolution and Riba-free finance. Mr. Haque is working with FDIBL, as senior-most person since 2004. Amidst the financial crisis of 2008-09; he was responsible for presenting the novel idea to settle outstanding liabilities of ‘FDIB’ against its assets, in view of severe cash crunch situation in the industry. The implementation of the idea has assisted FDIBL to settle with over 50-institutions for amounts valuing Rs.9.5bn (i.e. around 95% of total loans) in 10-12 years and ‘FDIB’ has successfully come out of the debt trap without any external financial assistance. This is an unmatched feat in ‘Global Corporate World’. Earlier, Mr. Haque was actively involved in establishment of new entities including; ‘Dawood Islamic Bank Ltd.’ and Dawood Family Takaful Ltd.’ (DFTL). Prior to ‘FDIB’, Mr. Haque has worked in all major cities of the country with foreign banks and also with a renowned brokerage house. He has personal interest in ‘Islamic Economic System’ and has done some independent work on it. Mr. Haque was founding Chairman of ‘DFTL’ (an Islamic Life Insurance Company) and performed his responsibilities for about ten years. He is still on the board of directors of DFTL, which is making steady progress.