Commercial Credit Report for First Habib Modaraba

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	First Habib Modaraba
6th Floor
HBZ Plaza, I. I. Chundrigar Road,
Phone: +92 2132635949p:+92 2132635949	KARACHI, 74000 Pakistan	Ticker: FHAMFHAM

Business Summary

First Habib Modaraba is a Pakistan-based non-bank Islamic financial institution. The Company is engaged in the business of leasing, Musharaka, Murabaha financing and other related business. Its products include financial services and deposit schemes. Its financial services include Diminishing Musharaka, Istisna, Murabaha, Residual Value (RV) Car Financing, Salam, SIRAT Auto Financing and Solar Power Equipment. Diminishing Musharaka is a Musharaka with an additional feature of decreasing ownership of one party. The Residual Value (RV) Financing Model is a car financing solution available to individual and corporate customers. In the RV car financing, the monthly rentals are significantly lower than the regular financing model. Murabaha is a non-participatory mode of Islamic financing where the Company sells the asset required by its client to the client on a cost-plus profit basis. Istisna'a is a sales contract between the Company as the seller and the customer as the purchaser.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	6/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
6159	Miscellaneous business credit institutions

Officers and Directors

Title	Name	Title Date	Start Date
Non-Executive Chairman of the Board	Wazir MumtazAhmed
Managing Director, Chief Executive Officer, Director	MuhammadIbrahim
Company Secretary	AdnanThanwey
Non-Executive Director	Wazir HusainJafree	1/1/2008	1/1/2008
Non-Executive Director	Abbas AliMuhammad

Business Names

Business Name
FHAM
FHBM

General Information

Number of Employees:	81	(As of 6/30/2023)
Outstanding Shares:	221,661,000	(As of 2/19/2024)
Shareholders:	5,395
Stock Exchange:	PSX
Fax Number:	+92 2132627373
Email Address:	fhm@habibmodaraba.com

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