Pakistan · Delayed Price · Currency is PKR First Al-Noor Modaraba Company Description
First Al-Noor Modaraba provides Islamic financial services in Pakistan.
The company operates through four segments: Trading, Financing, Investments, and Ijarah. It 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.
The company also offers Musharakah, a contractual relationship formed through mutual consent of the parties for sharing of profits and losses in a joint venture; and Musawammah, a sale agreement in which price of the commodity to be traded is bargained between seller and the purchaser without any reference to the price paid or cost incurred by the former.
In addition, it is involved in the equity investment and other Shari'ah compliant trading activities; and trading and distribution of basmati rice.
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 |