First Al-Noor Modaraba (PSX:FANM)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
8.20
+0.46 (5.94%)
At close: Oct 20, 2025

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

First Al-Noor Modaraba
CountryPakistan
Founded1992
IndustryBanking Services
SectorFinancials
Employees9
CEOZainuddin Ayoob

Contact Details

Address:
96-A, Sindhi Muslim Coop. Housing Societ
Karachi, 7440
Pakistan
Phone92 21 3455 8268
Websitefanm.co

Stock Details

Ticker SymbolFANM
ExchangePakistan Stock Exchange
Fiscal YearJuly - June
Reporting CurrencyPKR
ISIN NumberPK0050801015
SIC Code6200

Key Executives

NamePosition
Zainuddin AyoobChief Executive Officer
Umair RafiqChief Financial Officer