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.
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
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.
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
SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM)
SAFA in its award ceremony held on January 27, 2017 at Dhakka, Bangladesh, 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 2015. FHM has been receiving this award since last seven 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 27, 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.