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First Habib Modaraba engages in the leasing, financing, and other related businesses in Pakistan. The company offers Diminishing Musharaka, a Musharaka with an additional feature of decreasing ownership of one party; and Sirat auto financing. Its financial services also include Murabaha, a non-participatory mode of Islamic financing; car financing solution; financing for solar power equipment; Salam, a contract of sale where the seller undertakes to supply some specific commodity to the buyer at a future date in exchange for a price fully paid in advance; and Istisna, a contract with a manufacturer to make something or a contract on a commodity on liability with the provision of work. In addition, the company offers Musharaka, a certificate of investment. First Habib Modaraba was founded in 1985 and is headquartered in Karachi, Pakistan.
Name | Age | Since | Title |
---|---|---|---|
Saeed Uddin Khan | - | 2019 | Non-Executive Independent Director |
Irum Saba | - | 2020 | Non-Executive Director |
Usman Nurul Abedin | - | 2020 | Non-Executive Director |
Muhammad Shoaib Ibrahim | - | - | CEO, MD & Executive Director |
Syed Rasheed Akhtar | - | 2014 | Independent Director |
Mohammad Shams Izhar | - | 2019 | Chairman |
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