Saturday, August 30, 2025

H. M. HABIB THE BANKER. APRIL 6, 2014 (2014-03)

Habib, reverently known as H.M., was the prodigy of Mohamedali Habib, the philanthropist, who founded Habib Bank Ltd in 1941.

H.M was born on April 6th 1936. A financial wizard, he followed in the footsteps of his father to build on the Habib Empire in banking, with branches worldwide.

He had 60 years of banking experience and was known for his razor sharp business acumen.He was considered the main Architect of Habib Bank AG Zurich.

In 1974, post nationalization of Banks in Pakistan, he, along with his elder brother and cousin, started building Habib Bank AG Zurich, which was founded in Switzerland in the year 1967.

During the last four decades, under the leadership of H.M., Habib Bank AG Zurich has grown to a substantial sized bank; According to the "Banker" magazine of Financial Times, England (July 2013 Issue). Habib Bank A.G Zurich is ranked as the 129th soundest bank of the world and enjoys a ranking of 573rd amongst the top 1000 banks in the world. All this could only be possible with the grace of Allah. Through H.M's relentless and uncanny ability to "run" with opportunity, the bank attained the growth and reputation it has. Very few people can achieve what H.M. achieved in his lifetime. A beacon of light, a pillar of support for the Habib Family, he was larger than life. A generous, patient, humble and benevolent individual; His generosity earned him the title of "Raja Seth" among his employees. He was father not only to his children, but also to other poor families in Pakistan and overseas. Like his father, he championed social causes; his charitable works included education (abroad and local), marriages, feeding and building houses for the poor.

He loved flying planes and founded the All Pakistan Aero Modeling Association of Pakistan in 1959, of which he was the President. The latter was recognized by the Federation Aeronautique International (FAI) in 1961. His Association was upgraded as an "Active Member" in 1999 by the FAI.

In 1959, he secured the first position in World championship of A2 Model Gilders (along with his younger brother), putting Pakistan on the map. His glider was called "Raza".

A passionate man, with a zest for living and well known for his generosity of spirit among his colleagues and friends. He was sought by one and all for his sincere and genuine advice in all aspects of life.

He passed away suddenly on 4th September 2013 in London. He was 77 years old. He always wanted to "go" in his shoes and it seems Allah granted his wish.

On H. M. Habib the Banker, Pakistan Post is issuing a Commemorative Postage Stamp of Rs.8/-denomination on April 6, 2014.

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