Pakistan · Delayed Price · Currency is PKR First Al-Noor Modaraba Company Description
First Al-Noor Modaraba provides Islamic financial services in Pakistan.
It operates through four segments: Trading, Financing, Investments, and Ijarah. The company provides Ijarah, a contract where the financier buys and leases equipment or other assets to the business owner for a fee or rental income, and Murabaha, a non-participatory mode of Islamic financing.
It also offers Musharakah, a contractual relationship formed through mutual consent of the parties for sharing profits and losses in a joint venture, and Musawammah, a sale agreement in which the price of the commodity is bargained between the seller and the purchaser without any reference to the price paid or cost incurred by the former.
In addition, the company is involved in equity investment and other Shari'ah-compliant trading activities, trading and distribution of basmati rice, and manufacturing of sugar and MDF boards.
Further, the company is involved in power generation and distribution. The company was founded in 1992 and is based in Karachi, Pakistan
| Country | Pakistan |
| Founded | 1992 |
| Industry | Banking Services |
| Sector | Financials |
| Employees | 9 |
| CEO | Zainuddin Ayoob |
Contact Details
Address: 96-A, Sindhi Muslim Coop. Housing Societ Karachi, 7440 Pakistan | |
| Phone | 92 21 3455 8268 |
| Website | fanm.co |
Stock Details
| Ticker Symbol | FANM |
| Exchange | Pakistan Stock Exchange |
| Fiscal Year | July - June |
| Reporting Currency | PKR |
| ISIN Number | PK0050801015 |
| SIC Code | 6200 |
Key Executives
| Name | Position |
|---|---|
| Zainuddin Ayoob | Chief Executive Officer |
| Umair Rafiq | Chief Financial Officer |