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First Elite Capital Modaraba
50-A, Garden Block, New Garden Town
Phone: +92 4235442735p:+92 4235442735 LAHORE, Pakistan Ticker: FECMFECM
Business Summary
First Elite Capital Modaraba is a Pakistan-based perpetual, multi-purpose and multi-dimensional modaraba. The Company is primarily engaged in the business of ijarah, musharakah and murabahah financing, investment in marketable securities and other related businesses. The Murabahah financing is a particular kind of sale where the seller agrees with his purchaser to provide him with a specific commodity on a certain profit added to his cost. The basic ingredient of Murabahah is that the seller discloses the actual cost he has incurred in acquiring the commodity, and then adds some profit thereon. Its musharakah product is a mode of Islamic financing where two or more parties provide financing for a particular project. Its ijarah (leasing) financing is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20236/30/2023Yes----

Industries
SIC Code Description
6211 Security brokers, dealers, and flotation companies
6799 Investors, not elsewhere classified
6159 Miscellaneous business credit institutions

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Muneeb AhmedDar
Chief Executive Officer, Executive Director Aamir IftikharKhan
Company Secretary Muhammad ArifHilal
5 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 11,340,000 (As of 9/30/2023)
Stock Exchange: PSX
Fax Number: +92 4235442738


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Thursday, April 18, 2024