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First National Bank Modaraba
Ground Floor
NBP-RHQ Building, 26-McLagan Raod
Phone: +92 4299213242p:+92 4299213242 LAHORE, Pakistan Ticker: FNBMFNBM

Business Summary
First National Bank Modaraba is a Pakistan-based perpetual, multipurpose and multi-dimensional Modaraba. The Company is engaged in various Islamic modes of financing and operations including ijarah, musharaka and murabaha arrangements. It offers Shariah complaint Islamic Financial Products in the financial market. It invests its funds in Shariah-based modes of financing, including leasing, Murabaha, purchase and sale of shares/securities in Pakistan. The Ijarah is a contract where the use of an asset is transferred by the owner to the lessee at an agreed price amount for an agreed period of time or Ijarah period. Murabaha is a particular kind of sale where the seller expressly mention the cost, he has incurred on the commodities to be sold and sells them to another person by adding some profit, which is known to the buyer. Musharaka is a relationship established under a contract by the mutual consent of the parties for sharing of profits and loss in the joint business.

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
12/31/20236/30/2023Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board Syed Hasan IrtizaKazmi 10/28/2016 10/3/2016
Acting Chief Executive Officer AbbasAzam 1/22/2019
Chief Financial Officer, Company Secretary FarahAslam 1/11/2019 1/11/2019
4 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 25,000,000 (As of 12/31/2023)
Stock Exchange: PSX
Fax Number: +92 4299213247


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Thursday, April 18, 2024