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First Al-Noor Modaraba (1ALN)

Karachi

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4.67 -0.18 -3.71%

07:32:18 - Delayed Data. Currency in PKR

Type: Equity

Market: Pakistan

ISIN: PK0050801015

S/N: FANM

Volume: 63,750
Bid/Ask: 4.61 / 4.80
Day's Range: 4.65 - 4.82

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First Al-Noor Modaraba Company Profile

Get an in-depth profile of First Al-Noor Modaraba, including a general overview of the company's business and key management, as well as employee data and location and contact information.

IndustryBanking Services

SectorFinancial

Employees

Equity Type

ORD

First Al-Noor Modaraba provides Islamic financial services in Pakistan. The company operates through four segments: Trading, Financing, Investments, and Ijarah. It provides Ijarah, a contract where the financier buys and leases equipment or other assets to the business owner for a fee or rental income; and Murabaha, a non-participatory mode of Islamic financing. The company also offers Musharakah, a contractual relationship formed through mutual consent of the parties for sharing of profits and losses in a joint venture; and Musawammah, a sale agreement in which price of the commodity to be traded is bargained between seller and the purchaser without any reference to the price paid or cost incurred by the former. In addition, it is involved in the equity investment and other Shari'ah compliant trading activities; and trading and distribution of basmati rice. The company was founded in 1992 and is based in Karachi, Pakistan.

Contact Information

Address 96-A, Sindhi Muslim Coop. Housing Societ
Karachi, 7440
Pakistan

Phone 92 21 3455 8268

Fax 92 21 3455 3137

Web www.fanm.co

Top Executives

Name	Age	Since	Title
Zia I. Zakaria	-	2014	Chairman of the Board
Zainuddin Aziz Ayoob	-	2020	Chief Executive & Executive Director
Tausif Ilyas	-	2019	Independent Director
Noor Muhammad Zakaria	-	2020	Director
Naheed Shiraz Merchant	-	2025	Independent Director
Kausar Ali Fecto	-	2025	Independent Director
Asad Ahmed Mohiuddin	-	2025	Director

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