The Joint Evaluation Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) has awarded Merit Certificate“ Best Corporate and Sustainability Report (BCSR) 2022 Awards” under the category of NBFIs and Modaraba in their ceremony held at Karachi on 12th October, 2023.
According to press release dated September 23, 2023, Pakistan Credit Rating Agency Limited “PACRA” maintained rating scale of Frist Habib Modaraba (FHM) as AA+ for long-term and A1+ for short term for the year ended June 30, 2023. These ratings reflect First Habib Modaraba’s strong business profile emanating from healthy asset base, sound asset quality and sustained profitability.These ratings denote a very low expectation of credit risk and Indicate very strong capacity for timely payment of financial commitments
First Habib Modaraba (FHM) is operating in Pakistan’s financial market as Non-Bank Islamic Financial Institution as one of the pioneers within Modaraba sector. With a track record of excellent performance of more than 3 decades is the success story of dedication and commitment to provide the investors a sound and continuous return. Consistency in distribution of dividends among the certificate holders along with increase in certificate holders’ equity has made FHM a top performing Modaraba within Modaraba sector.
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