First Prudential Modaraba : CORPORATE BRIEFING SESSION ZOOM LINK AND PRESENTATION
December 12, 2022 at 08:35 am
Share
Corporate Briefing Session
FIRST PRUDENTIAL MODARABA
Managed By
AWWAL MODARABA MANAGEMENT LIMITED
About Management Company
Awwal Modaraba Management Limited (AMML) is licensed by the Registrar Modaraba Companies and Modaraba, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited ("PBICL").
Pak Brunei Investment Company Ltd. is an Investment Finance Company established as a joint venture between Government of Pakistan and Brunei Investment Agency (BIA) that commenced operations in August 2007. The Company has active platforms for Project and Lease Finance, Corporate Finance & Advisory Services, SME Finance, Private Equity and Fund Management.
AMML vide SECP order dated January 31, 2020 has taken over the administrative and management control of the modaraba on February 03, 2020.
Board Of Directors
Mr. Khalid Aziz Mirza
Chairman (Independent Director)
Mr. Shahid Ghaffar
Independent Director
Ms. Ayesha Aziz
Non-Executive Director
Mr. Abdul Jaleel Sheikh
Non-Executive Director
Mr. Ahmed Ateeq
Non-Executive Director
Mr. Karim Hatim
Chief Executive Officer
Vision and Mission
Vision
AMML will play a role in the economic progress and development of Pakistan by providing a range of advisory services and financial support, through Shari'ah
compliant modes; to viable projects in high growth, capital starved sectors of the
economy.
Mission
AMML aims to be at the vanguard of innovation in modaraba management services, offering the best solutions to our customers, value to our shareholders and modaraba investors, complemented with a challenging, equal opportunity environment to our employees.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
First Prudential Modaraba published this content on 12 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 December 2022 13:33:37 UTC.
First Prudential Modaraba is a Pakistan-based Non-Bank Islamic Financial Institution. The Company is a perpetual, multipurpose Modaraba, which includes participating in Musharika, Morahaba, and providing financial assistance for working capital needs, Ijaraha of all types of assets with special emphasis on vehicles and industrial machinery, including securitization of lease portfolios of leasing companies, and commercial activities including syndication and leveraged leasing, underwriting public issue of shares. Its product portfolio includes Musharaka, Ijarah, Istisna, and Salam. Musharaka relationship is established under a contract by mutual consent of parties for sharing profits and losses arising from a joint enterprise or venture. Ijarah is an Islamic alternative to leasing and refers to the transfer of benefits. Salam is a short-term agreement in which a financial institution makes full prepayments for the future delivery of a specified quantity of goods on a specified date.