B F Modaraba : Transmission of Half Yearly Report for the Period Ended Dec-2022

Financial Statements

(Reviewed) for the

Half Year Ended

December 31, 2022

B.F. MODARABA

Managed By

E.A. MANAGEMENT (PVT) LTD.

CORPORATE INFORMATION

MODARABA MANAGEMENT COMPANY

E. A. Management (Pvt.) Ltd.

BOARD OF DIRECTORS

DIRECTORS OF MODARABA MANAGEMENT COMPANY

Mr. Ahmed Ali Mohammad Amin Bawany	Chairman
Mr. Muhammad Omar Amin Bawany	Chief Executive
Mr. Hamza Omar Bawany	Director
Mr. Muhammad Samiullah	Independent Director
Ms. Tasneem Yusuf	Independent Director
AUDIT COMMITTEE
Mr. Muhammad Samiullah	Chairman
Mr. Ahmed Ali Mohammad Amin Bawany	Member
Mr. Hamza Omar Bawany	Member
HUMAN RESOURCE & REMUNERATION COMMITTEE
Mr. Muhammad Samiullah	Chairman
Mr. Ahmed Ali Mohammad Amin Bawany	Member
Mr. Muhammad Omar Amin Bawany	Member

COMPANY SECRETARY

Mr. Muhammad Ayub

SHARIAH ADVISOR

Mr. Mufti Zubair Usmani

LEGAL ADVISOR

Mr. Ghullam Rasool Korai

MODARABA AUDITORS

M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

Chartered Accountants

BANKERS

Al-Baraka Islamic Bank

Bank Al-Habib Islamic Limited

Habib Bank Limited

Habib Metropolitan Islamic Bank Limited

UBL Ameen Islamic Bank

REGISTERED OFFICE

Plot No. 43-1-E, (B) P.E.C.H.S,

Block-6, Off Razi Road,

Shahrah-e-Faisal, Karachi Pakistan.

UAN : 111-229-269

Fax : [phone]

EMAIL & WEBSITE

E-mail: [e-mail] [e-mail]

URL: www.bfmodaraba.com.pk

SHARES REGISTRAR

M/s. C & K Management Associates (Pvt.) Limited

404, Trade Tower, Abdullah Haroon Road, Near

Metropole Hotel, Karachi-75530

Phone: [phone]

Hamza Omar Bawany

Director

B.F. MODARABA	Half Yearly Accounts

DIRECTOR'S REPORTS

FOR THE PERIOD ENDED DECEMBER 31, 2022

By the grace of Almighty Allah, I take pleasure in presenting a brief review of the performance of your

ModarabaforthehalfyearendedDecember31,2022,whichhasbeenreviewedbythe External auditors.

Our gross revenue during the period was Rs. 6.681 million vis-à-vis Rs. 3.861 million for the corresponding period of 2021-22, mainly from Dividend Income Rs. 4.155 million, from Diminishing Musharakah Income Rs. 1.350 million & from Realized Profit on sale of mutual funds Rs. 1.076 million The unrealized loss in the value of investment in marketable securities increased by Rs. 1.794 million and stands at Rs. 6.507 million on December 31, 2022. Equity market showed downward trend, KSE-100 index posted a negative impact of 2.77% during 1HY22, closing at 40,420 points. Pre-tax Profit stood at Rs. 2.250 million against a Pre-tax Profit of Rs. 0.352 million for the corresponding period of 2021-22.

The country is passing through the toughest time of its life. The economy is facing multiple challenges including trade and current account deficit. The political uncertainty, constant depletion of foreign exchange reserves, devaluation of Pak Rupee, higher KIBOR, rising inflation rate and high fuel prices have halted the business activities in the country.

In a view of current economic condition, we are applying conservative approach while trading in equity market and commodity trading.

WebowtoAllahandprayforHisblessingandguidance

AMEEN

Karachi:	Muhammad Omar Amin Bawany
February 22, 2023	Chief Executive

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