Commercial Credit Report for First National Bank Modaraba

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	First National Bank Modaraba
Ground Floor
NBP-RHQ Building, 26-McLagan Raod
Phone: +92 4299213242p:+92 4299213242	LAHORE, Pakistan	Ticker: FNBMFNBM

Business Summary

First National Bank Modaraba is a Pakistan-based perpetual, multipurpose, and multi-dimensional Modaraba. The Company is engaged in various Islamic modes of financing and operations including ijarah, musharaka and murabaha arrangements. It offers Shariah complaint Islamic Financial Products in the financial market. It invests its funds in Shariah-based modes of financing, including leasing, Murabaha, purchase and sale of shares/securities in Pakistan. The Ijarah is a contract where the use of an asset is transferred by the owner to the lessee at an agreed price amount for an agreed period of time or Ijarah period. Murabaha is a particular kind of sale where the seller expressly mentions the cost, been incurred on the commodities to be sold and sells them to another person by adding some profit, which is known to the buyer. Musharaka is a relationship established under a contract by the mutual consent of the parties for sharing of profits and loss in the joint business.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
9/30/2024	6/30/2024	Yes	-	-	-	-

Industries

SIC Code	Description
6159	Miscellaneous business credit institutions
6099	Functions related to depository banking, not elsewhere classified
6799	Investors, not elsewhere classified
6211	Security brokers, dealers, and flotation companies

Officers and Directors

Title	Name	Title Date	Start Date
Chairman of the Board	Syed Hasan IrtizaKazmi	10/28/2016	10/3/2016
Acting Chief Executive Officer	AbbasAzam	1/22/2019
Chief Financial Officer, Company Secretary	FarahAslam	1/11/2019	1/11/2019
4 additional Officers and Directors records available in full report.

General Information

Outstanding Shares:	25,000,000	(As of 9/30/2024)
Stock Exchange:	PSX
Fax Number:	+92 4299213247

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