Popular Islamic Modaraba (PSX: PIM)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
15.04
+0.88 (6.21%)
At close: Dec 24, 2024

Popular Islamic Modaraba Company Description

Popular Islamic Modaraba provides financing services in Pakistan.

The company offers Ijarah, a contract where the benefits/use of an asset is transferred by the lessor to the lessee at an agreed price/rental amount for an agreed period of time or Ijarah period.

It also provides Diminishing Musharaka, a redeemable capital; Murabaha, a non-participatory mode of Islamic financing; Musharaka, which allows two sides make a joint contribution to the capital; Salam, a short-term agreement in which a financial institution makes prepayments for future delivery of a specified quantity of goods on a specified date; and Istisna, a sale contract between the company and its customers.

The company was formerly known as First Islamic Modaraba. Popular Islamic Modaraba was founded in 1994 and is based in Karachi, Pakistan.

Popular Islamic Modaraba
Country Pakistan
Founded 1994
Industry Banking Services
Sector Financials
CEO Kamran Mughal

Contact Details

Address:
Chapal Plaza
Karachi
Pakistan
Phone 92 21 3247 1892
Website popularislamicmodaraba.com

Stock Details

Ticker Symbol PIM
Exchange Pakistan Stock Exchange
Reporting Currency PKR
ISIN Number PK0065501014
SIC Code 6150

Key Executives

Name Position
Kamran Mughal Chief Executive Officer
Ali Kalroo Chief Financial Officer
Adnan Ali Chief Operating Officer