Welcome to First Habib Modaraba

 (An Islamic Financial Institution)


All praise and thanks are Allah’s

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.

Continued on FHM Profile page

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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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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SIRAT Auto Financing

The steady rise in the cost of vehicles has made buying the car of your choice a difficult reality.
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Credit Rating

BCSR 2020 Awards

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 1st Position “ Best Corporate and Sustainability Report (BCSR) 2020 Awards” under the category of NBFIs and Modaraba.

Annual Review Meeting 2021

Notice is hereby given that the Annual Review Meeting of certificate-holders of First Habib Modaraba will be held on October 26, 2021 at 03.00 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, 2021.

First Habib Modaraba Announces 28 Percent Cash Dividend

Board of Directors in their meeting held on September 30, 2021, announced the cash dividend of 28 percent i.e. Rs.1.40 per certificate of Rs.5/-. The financial performance of the Modaraba remained satisfactory in 2020-21


According to press release dated September 23, 2021, 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, 2021. 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

FPCCI Achievement Award 2020

On September 24, 2020 FPCCI has awarded “Certificate of Achievement” to First Habib Modaraba (FHM) under the category of “Islamic Modes of Financing”. This recognition has been given to FHM for outstanding achievement during 2020 within NBFI and Modaraba sector.

Last updated on 12/04/2021