Pakistan · Delayed Price · Currency is PKR 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.
| 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 |