Pakistan · Delayed Price · Currency is PKR OLP Modaraba Company Description
OLP Modaraba provides Shariah-compliant financial solutions to corporate, high and mid-tier SMEs, and the consumer market in Pakistan.
The company offers financial leasing of plants, machineries, motor vehicles, and office and computer equipment under the Ijarah leasing solution; house finance diminishing Musharakah to acquire, construct, or renovate residential property through a joint ownership model; and diminishing Musharakah that enables joint ownership of assets with profit-sharing on a pro-rata basis; and Murabaha finance, an alternative to conventional financing through a cost-plus sale arrangement.
It also provides a certificate of Musharakah, a profit and sharing instrument for investors; Salam, a Shariah-compliant contract of sale where the price is paid in advance, and the delivery of goods is deferred to a future date; and Istisna financing to acquire assets that require manufacturing or construction, as well as syndicate financing services.
The company was formerly known as ORIX Modaraba and changed its name to OLP Modaraba in March 2022. OLP Modaraba was incorporated in 1987 and is headquartered in Karachi, Pakistan.
| Country | Pakistan |
| Founded | 1987 |
| Industry | Banking Services |
| Sector | Financials |
| Employees | 38 |
| CEO | Raheel Ahmad |
Contact Details
Address: Syedna Tahir Saifuddin Memorial Foundati Karachi Pakistan | |
| Phone | 92 21 3824 1168 |
| Website | olpmodaraba.com |
Stock Details
| Ticker Symbol | OLPM |
| Exchange | Pakistan Stock Exchange |
| Fiscal Year | July - June |
| Reporting Currency | PKR |
| SIC Code | 7350 |
Key Executives
| Name | Position |
|---|---|
| Raheel Ahmad | Chief Executive Officer |
| Muhammad Siddique Khan | Chief Financial Officer |
| Mohammad Daya | Chief Operating Officer |