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ACCA

Pakistan’s Ayla Majid Creates History as First South Asian Female Muslim Woman Global ACCA President in 120 years

by Ayesal A November 16, 2024

written by Ayesal A

Historic Achievement: Ayla Majid became the first South Asian and Muslim to be elected as president of ACCA, overseeing a global network of over 252,500 members and 526,000 future members.
Professional Background: As the CEO of Planetive Middle East and Planetive Pakistan, Majid has over 20 years of experience in energy, transaction advisory, and corporate governance, with educational credentials from LUMS and the University of London.
Vision and Focus: Majid aims to enhance ACCA’s role in addressing global challenges such as climate change, economic inequality, and digital transformation, advocating for updated qualifications and greater global collaboration.

Ayla Majid, the CEO of a company specializing in decarbonization, sustainability, and energy transition advisory, made history this week as the first South Asian and Muslim to be elected president of the Association of Chartered Certified Accountants (ACCA). During her one-year term, Majid will oversee over 252,500 members and 526,000 future members in 180 countries, according to ACCA’s announcement.

Majid is currently the founder and CEO of Planetive Middle East and Planetive Pakistan, with over 20 years of expertise in energy, transaction advisory, mergers and acquisitions, investments, and corporate governance. She holds an MBA from the Lahore University of Management Sciences (LUMS) and a Bachelor of Law from the University of London.

In an email to Arab News, Majid expressed her pride in this achievement, describing it as a significant moment for herself and others who see it as a symbol of breaking barriers. She highlighted that her election reflects ACCA’s commitment to diversity and inclusion and emphasized the importance of resilience and representation in leadership roles.

Also Read:
Pakistan’s Ayla Majid Becomes the First South Asian Woman VP of ACCA

Majid pointed out that the accounting and finance sector is undergoing rapid changes due to evolving global demands. Key areas like sustainability, digital transformation, and new regulatory environments are reshaping the necessary skills for accountants.

She stressed the need for the profession to stay relevant by addressing societal challenges such as climate change and economic inequality. Majid believes ACCA has a crucial role in updating its qualifications to include expertise in sustainability reporting, digital transformation, and strategic leadership.

Majid also advocated for global cooperation and inclusive initiatives, suggesting that such efforts will equip ACCA members to not only tackle challenges but also lead with purpose. Her vision for ACCA involves strengthening partnerships and collaborating on global issues like climate action and economic resilience to contribute to a better future.

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November 16, 2024 0 comment

Business Featured Trailblazer

Pakistan’s Ayla Majid Becomes the First South Asian Woman VP of ACCA

by Ayesal A November 16, 2022

written by Ayesal A

Pakistan’s very own Ayla Majid has become the first ever South Asian woman to become the Vice-President of the Association of Chartered Certified Accountants (ACCA).

Majid was elected as the new Vice President after earlier serving as a member of the ACCA Global Council. Moreover, she was honoured as a Young Global Leader by World Economic Forum’s (WEF) Global Future Council on Energy Transition.

Ayla Majid is an MBA from the Lahore University of Management Sciences (LUMS), an LLB from the University of London and an ACCA.

On the other hand, she advocates energy transition towards sustainable, affordable, and reliable energy for the larger global population and is the founder and CEO of Planetive.

Another historic milestone was achieved by ACCA when Joseph Owolabi was elected as ACCA president, the first-ever from Africa to lead the world’s leading professional accountancy body.

‘Being a finance professional has equipped me with the tools and connected me with people who are working towards creating action-oriented solutions for a sustainable world,’ she shared. For Ayla promoting the role of women in governance is something she is very passionate about.

She said: ‘It is the need of today’s forward-looking organisation.’ Ayla is a champion of board diversity and actively engages in promoting women on boards. She was the first female to sit on the board of any stock exchange in Pakistan. Thanks to pioneers like her, the influence and impact of women is changing the face of Pakistan.

We’d like to congratulate Majid for creating history and setting an important stone in the country’s foundation for young girls who want to follow in her footsteps.

Stay tuned to WOW360.

Forbes Asia’s 20 Remarkable Female Leaders of 2022 [Full List]

November 16, 2022 0 comment

Education Featured

4 Pakistani ACCA Students Score Highest Marks Globally

by Sahrish Shakeel February 14, 2022

written by Sahrish Shakeel

In recent developments, 4 Pakistani students have topped in different subjects of Association of Chartered Certified Accountants (ACCA) exams held in the last month of 2021. The news comes in as a piece of encouragement for the future ACCA exam takers and makes the country a global powerhouse for world-class ACCA talent.

As details revealed, Arham Ali and Usama Maharir from Pakistan’s city Lahore have topped the Maintaining Financial Records and Managing Costs & Finance exams. Karachi’s Komal Bawani and Peshawar’s Umair Jan beat all global candidates in the Management Function exam and the Recording Financial Transactions exam.

The Head of ACCA Pakistan, Assad Hameed Khan, said in a statement, “In recent years, Pakistani students have consistently won worldwide ACCA exams, making the country a global powerhouse for world-class ACCA talent.” Khan then commended the students for putting in their hard work and persisting in the tradition of beating their fellows throughout the world.

Previously, in April of 2021, results of students who gave exams in March 2021 came out, and 3 Pakistani students aced their exams and topped different subjects of the ACCA. The Audit and Assurance and Financial Reporting exams were topped by Karachi’s Kahaf Moid and Ali Shan, whereas Fakiha Masood from Faisalabad topped the Advanced Taxation exam.

In 2020, two Pakistani students also surpassed their fellows in the global ACCA exams. Zara Naeem from Karachi topped the Financial Reporting exam held in December 2020. Muhammad Abdullah had topped the Strategic Business Reporting exam held in September 2020.

Pakistani Student Aqsa Majeed Memon is the Youngest Record Holder in the World to Complete ACCA. Read the full story here:

Pakistani student Aqsa Majeed Memon is the youngest record holder in the world to complete the Association of Chartered Certified Accountants (ACCA). At the mere age of 18, when students are trying to pass their intermediate or A-Levels, Memon sets a different goal and achieves it with flying colors. Her achievement makes her the youngest Pakistani to complete the Association of Chartered Certified Accountants (ACCA).

Pakistani Student Aqsa Majeed Memon is the Youngest Record Holder in the World to Complete ACCA

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February 14, 2022 0 comment

Culture Trailblazer

Two Pakistani Female Students Make it to ACCA’s Global Toppers List

by Laiba April 18, 2021

written by Laiba

Two Pakistani female students have scored the highest marks among all exam sitters from around the world. The news came out after ACCA (the Association of Chartered Certified Accountants) has announced the pass rates of its latest exam sitting for March 2021.

Sajjeed Aslam, who is the head of ACCA Pakistan, told a local publication: “Whilst Covid-19 continues to be the greatest challenge of our time, our students have made tremendous strides in their ACCA journeys in this latest exam session. We’re particularly proud that ACCA students from Pakistan are consistently making the country proud with their excellent exam performance. We’ll continue to nurture the dreams of our youth by offering them global platforms and exciting career opportunities.”

The ACCA’s March 2021 global prizewinners from Pakistan:

Kahaf Moid

Kahaf has scored the highest marks in the Audit and Assurance paper. Her father is based in Dubai and works as a telecom engineer. She lives here in Karachi with her mother, who has been supporting her throughout. Kahaf told local publishing of how her mother could not continue her education after matric, which is why she is putting all her effort into her to make sure she reaches her full potential. “My mother was unable to continue her education after matric, so she is doing everything that she can to see her daughter realize her full potential and become a source of pride for the family.”

Reasons to choose ACCA: Global recognition, flexibility, and affordability. She said, “I was also impressed by the idea that while pursuing ACCA, you also have the option to earn a BSc from Oxford Brookes and an MSc from the University of London. It’s the best combination one can ask for.”

“We’re not the ones with our wings clipped; we’re already flying high and making a difference. Pakistani women are the future global leaders, and it’s just about the time that the world will see it for themselves,” she said.

Fakiha Maqsood

Fakiha Maqsood from Faisalabad is a global topper. She has scored the highest marks in the Advanced Taxation paper. She has also achieved the highest marks by any student in Pakistan in the Strategic Business Reporting exam.

Maqsood has many accolades under her belt. She scored the second position in the City, the University of London, for a BSc Hons in accounting and finance after completing her O/A levels from Pakistan. She was previously a national position holder in ACCA’s Financial Management exam and topped Punjab in her A-level exams.

“My father is also a professional accountant, and it’s his integrity, discipline, and composure that made me choose accountancy as a career for myself. Having studied in the UK, I knew the global recognition of ACCA and the limitless opportunities this qualification offers. And that’s why I enrolled myself in ACCA soon after returning to Pakistan,” said Fakiha.

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