Commercial Credit Report for KASB Modaraba

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KASB Modaraba

8-C, Block-6, P.E.C.H.S., Behind Htl Frn

Main Shahrah-e-Faisal

Phone: +92 2135374273p:+92 2135374273

KARACHI, Pakistan

Fax: +92 2135374275f:+92 2135374275

This company was Merged or Acquired on 6/26/2023.

This company is no longer actively traded on any major stock exchange.

This is a Subsidiary, click here for the Parent Company

Business Summary

KASB Modaraba is a Pakistan-based non-bank Islamic financial institution. The Company offers Islamic financial products, which include Ijarah, Musharaka, Murabahah, and Diminishing Musharaka. The Ijarah is an Islamic alternative of leasing and refers to the transfer of benefits and use of an asset by the owner (lessor) to the (kasb modaraba) lessee at an agreed rent for an agreed period of time. The Company provides financing under the Musharaka arrangement by entering into trading partnerships with credible business firms dealing mainly in commodities, on a transaction-to-transaction basis or on a roll-over basis, on a mutually agreed profit-sharing ratio. Its product Murabaha is a particular kind of sale where the seller discloses to buyer, cost of goods sold and his profit margin. Diminishing Musharaka allows equity participation and sharing of profits on a pro-rata basis. Through this mode the Company keeps on reducing its equity in the project.

(Source: Company's Website)

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
3/31/2023	6/30/2022	Yes	-	-	-	-

Industries

SIC Code	Description
6799	Investors, not elsewhere classified
6159	Miscellaneous business credit institutions

Officers and Directors

Title	Name	Title Date	Start Date
Chief Executive Officer, Director	AmerMagbool	6/14/2018	10/7/2017
Chief Financial Officer	Aftab AfrozMahmoodi	7/23/2018
Company Secretary	MisbahWahid	12/28/2020	12/28/2020
Director	Muzaffar Ali ShahBukhari	10/31/2017	10/31/2017
Non-Executive Director	Mir Mujahid AliKhan

General Information

Outstanding Shares:	48,066,480	(As of 3/31/2023)
Stock Exchange:	PSX
Fax Number:	+92 2135374275

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