Welcome to First Habib Modaraba

 (Islamic Financial Institution)

Profile of First Habib Modaraba
(An Islamic Financial Institution)

All praise and thanks are Allah’s

Alhamdulillah, First Habib Modaraba (FHM) has completed 30 years of successful business operation. FHM being the pioneer in Modaraba sector grew over the year on sound footing with the commitment of adding value to all our stakeholders particularly our investors.

FHM is well on its Vision to be a leading Islamic Financial Institution within the Modaraba sector and its mission to build institution on Continued on FHM Profile page


The steady rise in the cost of vehicles has made buying the car of your choice a difficult reality.
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Certificate of Investment (Musharakah based)

It is on the basis of this expertise and know-how that FHM presents a prime investment opportunity in the form of Certificate of Investment
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Diminishing Musharaka

In Arabic it is called Shirkat-ul-Mutanaqisa. Diminishing Musharaka is just a Musharaka with an additional feature of decreasing ownership of one party.
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This financing is based on the principle of Al-ljarah. By definition, Al-ljarah is a contract
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Istisna’a is a sale contract between the FHM as Al-Sani (the seller) and the customer as Al-Mustasni (the ultimate purchaser) whereby the FHM.
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Murabaha is a non-participatory mode of Islamic financing where the FHM sells the asset required by its client to the client on cost-plus profit basis.
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A Salam, (sometimes referred to as Salaf) is a short-term agreement in which a financial institution makes full prepayments for future delivery of a specified quantity of goods on a specified date.
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Credit Rating

Best Corporate Report Award 2015

The Joint Committee of ICAP and ICMAP in their ceremony held on October 7 , 2016 have awarded First Position “Best Corporate Report Award 2015” to our Modaraba under the category of NBFIs. FHM is the only Modaraba in entire Modaraba sector who has been receiving this award since last seven consecutive years.

Best performing Modaraba award from NBFI and Modaraba Association of Pakistan

For the financial year ended 30th June, 2015, the NBFI and Modaraba Association of Pakistan, has awarded Best Performing Modaraba Award to FHM within the Modaraba sector. FHM has secured 3rd position in above award category. The award ceremony was held on March 17, 2016 at Karachi.

Corporate Excellence Certificate Award

FHM has received “Corporate Excellence Certificate Award” from The Management Association of Pakistan. FHM has been receiving this award for last six consecutive years. The award ceremony was held on February 24, 2016 at Karachi

SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM)

SAFA in its award ceremony held on January 30, 2016 at Lahore, Pakistan, recently, awarded SAFA "Certificate of Merit" Award to First Habib Modaraba (FHM) in the category of "Financial Services Sector" for "Best Presented Accounts" and "Corporate Governance Disclosures" for the year 2014. FHM has been receiving this award since last three consecutive years.Press Release

PACRA Maintains Ratings of First Habib Modaraba (FHM)

According to Pakistan credit Rating Agency Limited (PACRA) has  to PACRA provide their press release dated 7th January, 2016, the FHM was assigned rating scale of AA+ for long term and A1+ for short term. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. 

Achievement Award by the Federation of Pakistan Chambers of Commerce Industry (FPCCI)

The Federation of Pakistan Chamber of Commerce ranked First Habib Modaraba “First Position” in the category of NBFI sector in the “3rd FPCCI Achievement Award”. The award recognized First Habib Modaraba efforts in the promotion of Islamic Economic system in the country especially in financial transactions. The award ceremony was held on October 01, 2015 at Karachi.Press Release

First Habib Modaraba announces 20 percent cash dividend (FHM)

The directors of First Habib Modaraba (FHM) in their Board of Directors meeting held on Tuesday, August 30, 2016 announced cash dividend of 20 percent. The financial performance of the Modaraba remained satisfactory in 2015-16. Balance Sheet size has increased by 12 percent due to enhancement in financing portfolio and financing asset has increase by 20 percent over the period of last year.

Last updated on 30-11-2016