News

Apr 29, 2015
An Extraordinary General Meeting of the certificate holders of First Habib Bank Modaraba held at ICAP Building, Chartered Accountant Avenue, Clifton, Karachi, on 20th day of April, 2015 and passed the following ordinary resolution:

Apr 01, 2015
An Extraordinary General Meeting of the Certificate Holders of First Habib Bank Modaraba will be held at 9.30 am on 20th day of April, 2015 at ICAP Building, Chartered Accountant Avenue, Clifton, Karachi to fill the vacancy created in the office of the Liquidator of First Habib Bank Modaraba, due to the sad demise of Mr. Aslam Gadit.

       

First Habib Bank Modaraba Business

The Modaraba provides different Islamic financial products viz. Ijarah, Musharika and Morabaha for short as well as long term resource requirements of trade and industry however; the core activity of FHBM is Ijarah of plant, machinery, equipments, automobile and computers. FHBM also invest in listed equity securities, Certificates of Investment, Government of Pakistan Ijarah Sukuks and other high rated Sukuks issued by Public Companies. The Modaraba has more than two decade of experience in Ijarah business.

FHBM is one of the leading players in its sector with a short-term credit rating of A-1+ and medium to long-term credit rating of AA- with stable outlook as per last rating report of JCR-VIS. These ratings reflect adequate capitalization, and the business synergy that the company enjoys with HBL.