First Elite Capital Modaraba Stock

First Elite Capital Modaraba is a Pakistan-based perpetual, multi-purpose and multi-dimensional modaraba. The Company is primarily engaged in the business of ijarah, musharakah and murabahah financing, investment in marketable securities and other related businesses. The Murabahah financing is a particular kind of sale where the seller agrees with his purchaser to provide him with a specific commodity on a certain profit added to his cost. The basic ingredient of Murabahah is that the seller discloses the actual cost he has incurred in acquiring the commodity, and then adds some profit thereon. Its musharakah product is a mode of Islamic financing where two or more parties provide financing for a particular project. Its ijarah (leasing) financing is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period.