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.
Popular Islamic Modaraba operates as a subsidiary of Popular Islamic Modaraba Management Company (Pvt.) Limited.
| 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 |
| Shoaib Shaikh | Chief Financial Officer |
| Adnan Ali | Chief Operating Officer |