First IBL Modaraba Stock

First IBL Modaraba is a Pakistan-based financial institution. The Company is engaged in various Islamic modes of financing and operations, including ijarah, musharaka, and murabaha arrangements. The Company has three operating segments, namely Ijarah finance, Musharaka finances, and Investment property. Its clientele ranges from construction and engineering companies, textile companies, power generation companies, cement manufacturing companies, the educational sector, universities, and group companies to individuals. Its products include Ijarah, Musharika, Morabaha, and House Finance. It grants companies the facility to avail lease finance for plant and machinery, motor vehicles, furniture and fixtures, and office equipment. The Company’s house finance offers three product variants: house purchase, purchase of undivided share (home renovation) and purchase of undivided share of property from another bank (balance transfer). It is managed by IBL Modaraba Management (Private) Limited.