He has been sentenced to prison for five and a half years and a fine of Rs 15,000 in each case. The sentences in both cases will run concurrently. The court also granted him the benefit of Section 382-B of the Code of Criminal Procedure (reduction of the period of sentence of imprisonment).
The court directed the authorities to keep Saeed in custody until further orders.
The cases were filed by the Counter-Terrorism Department's (CTD) Lahore and Gujranwala chapters. The case filed by the CTD's Gujranwala chapter was initially being heard in a Gujranwala ATC but was shifted to Lahore on the directions of the Lahore High Court.
Watch | Hafiz Saeed gets 5 years in jail in terror financing cases
The court had indicted the JuD chief and three of his associates - Hafiz Abdul Salam bin Mohammad, Mohammad Ashraf and Professor Zafar Iqbal - on terror financing charges on December 11 last year in a case filed by the Counter-Terrorism Department (CTD). Saeed and Iqbal were later indicted in a similar case on December 20. The cases were filed by CTD Lahore and Gujranwala chapters.
The ATC on Saturday last week had deferred announcing its verdict in the terror financing cases and decided to hear arguments on February 11 on the suspects application to hear all cases first before reserving its judgment.
On July 3 last year, 13 top leaders of the banned outfit, including its chief Saeed and Naib Emir Abdul Rehman Makki, were booked in nearly two dozen cases of terror financing and money laundering under the Anti-Terrorism Act, 1997. Saeed was later arrested by the CTD on July 17 while he was travelling between Gujranwala and Lahore.
Saeed is nominated in 29 cases pertaining to alleged terror financing, money laundering as well as illegal land grabbing. During the trial of both cases, the court recorded the statements of 23 witnesses. The crackdown on JuD last year followed a warning by the Paris-based Financial Action Task Force (FATF) to Pakistan to deliver on its commitments to curb terror financing and money laundering.
The government had announced a ban on JuD and Falah-e-Insanyat Foundation (FIF) to partially address the concerns raised by India that Pakistan supported these and six similar organisations, including Jaish-e-Mohammad (JeM) or at least considered them low-risk entities.
The law enforcement agencies over the next few weeks had intensified their crackdown on JeM, JuD, FIF and other banned outfits, and arrested more than 100 activists. Nearly 200 seminaries besides hundreds of other facilities and assets associated with them across the country were taken over by the government.