First Paramount Modaraba

First Paramount Modaraba company information, Employees & Contact Information

The Islamic finance initiative started in the 80s in Pakistan with the promulgation of the Modaraba Companies and Modaraba Ordinance in 1980 that provided a statutory framework for Shariah compliant business opportunities for investors according to the injunctions of Islam. During the financial crisis of 2008, Modarabas showed exemplary resilience. It was the least affected sector of the economy with not even a single default registered during the period. Modaraba arrangement provides maximum benefit to both the parties, i.e. the Rab-ul-Mal and the Modarib. It is one of the most practical modes applied by the Islamic Banks in their relationship with the depositors who tender their moneys to the bank as capital owners to be invested by the bank as Modarib on the basis of profit sharing according to specific ratios agreed upon. Modaraba arrangement provides maximum benefit to both the parties, i.e. the Rab-ul-Mal and the Modarib. It is one of the most practical modes applied by the Islamic Banks in their relationship with the depositors who tender their moneys to the bank as capital owners to be invested by the bank as Modarib on the basis of profit sharing according to specific ratios agreed upon.

Company Details

Employees
24
Founded
-
Address
P.e.c.h.s. Community Office Complex, Block No 2, P.e.c.h.s, Shahrah-E-Quaideen, Suite No. 107 - 108,pakistan
Industry
Financial Services
NAICS
Finance and Insurance
Monetary Authorities-Central Bank
HQ
Karachi, Sind
Looking for a particular First Paramount Modaraba employee's phone or email?

First Paramount Modaraba Questions

Top First Paramount Modaraba Employees

Free Chrome Extension

Find emails, phones & company data instantly

Find verified emails from LinkedIn profiles
Get direct phone numbers & mobile contacts
Access company data & employee information
Works directly on LinkedIn - no copy/paste needed
Get Chrome Extension - Free

Aero Online

Your AI prospecting assistant