World Memon Organization Annual Reports 2010 & 2011 9th and 10th Annual General Meetings 22nd June 2011 Memon Center London, UK Hosted by World Memon Organization – European Chapter 1 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111 World Memon Organization 9th and 10th AGM 22nd to 24th June 2012 London, UK WMO Annual Report (2010 & 2011) CONTENTS PART 1 – Year 2010 PAGES 1. Message from the President of WMO 5 2. Minutes of the 8th AGM held on 9-20 12th Dec 2010 in Colombo. Sri Lanka 3. Matters Arising from the 8th AGM held on 21-22 12th Dec 2010 in Colombo, Sri Lanka 4. Secretary General's Report for the year 2010 23-26 5. Audited Accounts of the WMO Chapters 27-118 for year ended 31st Dec 2010 a. Consolidated Accounts Dec'10– WMO 27-37 b. Africa – Feb'11 38-44 c. Europe – Dec'10 45-58 d. Far East – Dec '10 59-70 e. Middle East – Dec'10 71-83 f. Pakistan – Dec'10 84-98 6. Proposed the amendments to the Constitution 99-118 of WMO as purposed by the Constitution Amendment Committee 2 World Memon Organisation - Annual Report 2010/11 PART 2 – Year 2011 PAGE 1. Minutes of the 9th AGAM held on 122 23rd June 2012 in London, UK. 2. Secretary General's Report for the year 2011 123-129 3. Annual Reports and Audited Accounts of the Chapters a. Consolidated Accounts Dec'11 - WMO 130 b. Africa – Annual Report 131-136 c. Africa – Audited Accounts Year Ending Feb'12 137-144 d. Europe – Annual Report 145-148 e. Europe – Audited Accounts Year Ending Dec'11 149-162 f. Far East – Annual Report 163-169 g. Far East – Audited Accounts Year Ending Dec'11 170-178 h. India – Annual Report 179-189 i. India Audited Accounts Year Ending March'12 190-203 j. Middle East – Annual Report 205-213 k. Middle East – Audited Accounts Year Ending Dec'11 214 l. Pakistan - Annual Report 215-264 m. Pakistan – Audited Accounts Year Ending Dec'11 265-278 4. Report of the Election Commissioner 279-282 PART 3 – General 1. 10 years of WMO – Achievements and Lessons 283-293 for future (Hope either Sir Iqbalor Pir Mohamed, who have been associated with WMO since the inception can write this) 3 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111 Message from President World Memon Organisation Assalamu Alaikum, It gives me great pleasure to greet the community on this very important occasion when we meet in London to pave the way forward for the Memon Community after a decade of service. After 10 years the challenge facing us is the continuous support required from the community and participation from the broad based section in particular the women, youth, business community and professionals. It is now time for introspection and plan a way forward which will support the WMO in future and is sustainable. Our second journey after the experience gained in the first decade has taught us that a lot of sacrifice will have to be made by the community if we are serious to support the less privileged. We therefore call on each member and well wishers to make our dreams a reality. I am confident that the AGM and our members will rise to the occasion and provide the support to the WMO and be victorious in the challenge we face. Salaams A.S. Dada WMO - PRESIDENT 5 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111 6 2010 8 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111 MINUTES OF INAUGURAL SESSION OF 8th AGAM AND MINUTES OF THE 8th ANNUAL GENERAL ASSEMBLY MEETING (AGAM) OF THE WORLD MEMON ORGANISATION (WMO) Minutes of the Inaugural Session of the 8th Annual General Assembly Meeting 1. The Inaugural Session of the 8th Annual General Assembly Meeting of the World Memon Organisation (WMO) was held at 8.30 a.m. on Saturday, 11th December 2010, at the Cinnamon Grand Hotel, Sri Lanka. 2. List of the members who attended the meeting is attached herewith. 3. The Inaugural Session started with recitation of a few verses from the Holy Quran by Hafiz Ehsan Iqbal Patel 4. Thereafter, the National Anthem of Sri Lanka was played. The entire gathering stood up in respect of the National Anthem of Sri Lanka. 5. Mr. M.H. Omar, Vice President, WMO Far East Chapter delivered the Welcome Address. He thanked the President, Vice Presidents and all others for taking time off their busy schedules to attend the 8th Annual General Assembly Meeting and others Meetings in Sri Lanka. 6. Mr. M.H. Omar specially thanked the President, Haji Abdul Razzak Yaqoob (ARY), stating that he was one of the pioneers of the organization. He said that another pioneer of WMO, Mr. Abubakar Cassim Pardesi, was also present in this gathering and he warmly welcomed him also. 7. Mr. M.H. Omar hoped that the members had pleasant memories of their previous visit to Sri Lanka and hoped that this trip would be a memorable one as well. He commended the hard work put in by the young team of WMO Sri Lanka under the guidance of Mr. A.C. Saleem and Mr. Anis Sattar for the arrangements of the meetings. He added that the theme of these meetings was 'Time for Action' with the aim to eradicate poverty and promote literacy. He said that although a lot of charity and Zakat was being given, the result so far was very poor and slow in comparison with the progress made by other communities and the reason for this slow pace was the pattern of our charity. He stressed the need to change the pattern of charity. In the end, Mr. Omar welcomed and thanked the delegates again. 8. Thereafter, Sir Iqbal Sacranie, Deputy President WMO, in his speech, said that it was an honor and privilege to be in Sri Lanka and that WMO has given us a sense of unity. He thanked Allah SWT for giving us the opportunity to be in Sri Lanka for a single purpose and that was to see how best the needy and the poor can be helped around the world. He said that the task before them would be much easier if the Memon Community masters its inherent quality of 'giving'. He said that the AGAM has given us the opportunity to look back at WMO's performance over the last 12 months and find ways to improve for the next 12 months. 9. Sir Sacranie said he would like to emphasize on three points because these were so important that we have to reiterate them every time we meet. He said that the first point was that the success of our work is guaranteed only if we follow Islamic Principles in our governance, accountability and decision-making. He said Almighty Allah has given amongst us people with great experience and knowledge to remind us of our responsibility. He said that if the World Memon Organisation (WMO) has to become the voice of the Memon Community, then unity has to be 9 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111 there. He called the members to join hands and work together. 10.He said WMO was raising more than 5 million US dollars per annum but there was a need to improve on the transparency and governance so that more and more people can come and join WMO. He expressed his pleasure to see so many youth among the Sri Lankan hosts and called for greater involvement of the youth. He urged the members to analyze the reasons why the youth were not coming in. He also emphasized on the role of women in WMO and observed with pleasure that some of the lady members were coming to the meetings year after year. 11. Sir Iqbal Sacranie again referred to the speech of Mr. M.H. Omar and said we must ensure that the people don't depend on Zakat year after year. We must make them independent and for this purpose we can provide them with microfinance interest-free loans so that they can buy goods, cattle, sewing machines, etc. He quoted the example of Bangladesh where about 1.8 million people were in abject poverty yet 95% of the people pay back their microfinance loans. 12.He also referred to the proposal put forward by Mr. Muhammad Yousuf Adil a day before regarding Memon Micro Finance Bank and invited the members to look at the proposal in detail. He said that this day was a special day since elections were being held at Meeting for the new Board of Management. He commended the extraordinary contribution of Haji Abdul Razzak Yaqoob (ARY) as President of WMO since its inception [At this juncture, the entire gathering gave a standing ovation to Haji Abdul Razzak Yaqoob] 13.Sir Sacranie recalled the services rendered by the founders of WMO especially Haji Abdul Razzak and Mr. Abubakar Cassim Pardesi, both of whom were present in the meeting, and Mr. Adam Noor who was in India at the moment. In the end, he thanked Mr. A.C. Saleem, Mr. Anis Sattar and the entire team of WMO Far East Chapter for the excellent arrangements. In conclusion, he thanked and prayed to Almighty Allah for His blessings and guidance. 14.Mr. Anis Sattar, President of Memon Association of Sri Lanka (MASL), welcomed all to the island nation, Sri Lanka, especially the President of WMO Haji Abdul Razzak Yaqoob, the Senior Deputy President Mr. Abdul Sattar Dada, the Deputy President Sir Iqbal Sacranie and the Secretary General Mr. Pir Muhammad A. Kaliya. He said that Sri Lanka had undergone unrest for over three decades but, thanks to the President of Sri Lanka, there was peace and tranquility in the country now. 15.He said that the time is right and the time is now for WMO and said that the theme for the Annual General Assembly Meeting and other meetings of WMO was 'Time for Action'. He stressed the importance of imparting higher education to the students of the Memon Community. He appealed to encourage the youth to come out as professionals and gain expertise in Islamic knowledge and norms of the society. He said it was high time that WMO gets the youth involved in its activities and sports is one such means. He talked about fund raising through sports. He talked about arranging the World Memon Debate, World Memon Essay Competition and World Memon Qiraat Competition. 16.Mr. Anis Sattar said that WMO is unintentionally establishing itself as only as charitable organization whereas, actually, WMO was indeed an organization which united all together and the possibilities were endless. He said, “If we work in the right way, we will be united”. He appreciated and saluted Haji Abdul Razzak (Haji Sahab) and thanked him. He also appreciated the excellent work done by the Memon Industrial & Technical Institute (MITI) and said a similar institute should be started in Sri Lanka as well. 17.Haji Abdul Razzak Yaqoob (Haji Sahab), in his speech, said that by the work we have done and 10 WWoorrlldd MMeemmoonn OOrrggaanniissaattiioonn -- AAnnnnuuaall RReeppoorrtt 22001100//1111