Welcome to First Habib Modaraba

 (An Islamic Financial Institution)


All praise and thanks are Allah’s

Alhamdulillah, First Habib Modaraba (FHM) has completed more than three decades 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.
Learn More

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
Learn More

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.
Learn More


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.
Learn More


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.
Learn More


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.
Learn More
Credit Rating

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

SAFA in its award ceremony held on January 31, 2018 at Kathmandu, Nepal , recently, awarded SAFA "Certificate of Merit" Award to First Habib Modaraba (FHM) in the category of "Financial Services Sector" for "Best Presented Annual report Awards" and " SAARC Anniversary Award for Corporate Governance Disclosures" for the year 2016. FHM has been receiving this award since last eight 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 December 30, 2017, 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.

Notice of Annual Review Meeting

Notice is hereby given that the Annual Review Meeting of certificate-holders of First Habib Modaraba will be held on October 19, 2017 at 4.30 p.m. at Institute of Cost and Management Accountants of Pakistan (ICMAP) Building, ST-18/C Block-6, Gulshan-e-Iqbal, Karachi, to review the performance of the Modaraba for the year
ended June 30, 2017.

FPCCI Achievement Award

As on 4th October 2017 FPCCI has awarded “FPCCI Achievement Award” to First Habib Modaraba (FHM) under the category of NBFI.  This recognition has been given to FHM for promotion of Islamic Finance within NBFI and Modaraba sector. Detail

Best Corporate Report Award 2016

The Joint Committee of ICAP and ICMAP in their ceremony held on August 25th , 2017 have awarded First Position “Best Corporate Report Award 2016” .FHM receiving the first position award for the past three year on consistent basis under the category of NBFIs. FHM is the only Modaraba in entire Modaraba sector who has been receiving this award since last eight consecutive years. Detail

First Habib Modaraba announces 20 percent cash dividend

The directors of First Habib Modaraba (FHM) in their Board of Directors meeting held on August 10, 2017 announced cash dividend of 20 percent. The financial performance of the Modaraba remained satisfactory in 2016-17.

Best performing Modaraba award from NBFI and Modaraba Association of Pakistan

For the financial year ended 30th June, 2016, the NBFI and Modaraba Association of Pakistan, has awarded Best Performing Modaraba Award to FHM within the Modaraba sector. FHM has secured 2nd position in above award category. The award ceremony was held on May 23, 2017 at Karachi. Detail

Transfer of Management Rights

Management Rights transfer process of First Habib Modaraba (FHM) from Habib Modaraba Management (Pvt.) Limited to Habib Metropolitan Modaraba Management Company (Pvt.) Limited (HMMML) has been completed and Management of FHM has been now taken over by HMMML.

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 seven consecutive years. The award ceremony was held on February 28, 2017 at Karachi.Detail

Last updated on 30-01-2018