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 InsuranceMonetary Authorities-Central Bank
- Website
- https://www.fpm.com.pk/home.php
- HQ
- Karachi, Sind
First Paramount Modaraba Questions
First Paramount Modaraba's website is https://www.fpm.com.pk/home.php
First Paramount Modaraba's LinkedIn profile is https://pk.linkedin.com/company/first-paramount-modaraba
First Paramount Modaraba has
24 employees.
View email and phone details for 24
employees at First Paramount Modaraba.
First Paramount Modaraba's industry is
Financial Services
First Paramount Modaraba's top competitors are
Gizmowala,
Digiestate,
Paramount Investments Limited,
Child Health Environment And Safety Trust (Chest),
First Imrooz Modaraba,
Burj Clean Energy Modaraba,
The Mac Corp,
Olp Modaraba ( Formerly Orix Modaraba),
First Habib Modaraba,
Orient Rental Modaraba.
First Paramount Modaraba's categories are Financial Services
First Paramount Modaraba's founding year is 1992
