Company Popular Islamic Modaraba

Popular Islamic Modaraba (PIM) is a Pakistan-based financial institution. The Company is a multipurpose, perpetual, and multi-dimensional Modaraba. Its segments include Diminishing Musharaka, Ijarah, Murabaha and Others. Its products include Ijarah, Diminishing Musharaka, Murabaha, Musharaka, Salam and Istisna. Al-ljarah is a contract where the benefits/use of an asset is transferred by the owner (lessor) to the lessee at an agreed price/rental amount for an agreed period, or Ijarah period. The Diminishing Musharaka is a Musharaka with an additional feature of decreasing ownership of one party. Murabaha is a non-participatory mode of Islamic financing where the PIM sells the asset required by its client. The Salam is primarily a deferred delivery sale contract usually used for commodity finance. The Istisna is a sales contract between the FIM as Al-Sani (the seller) and the customer as Al-Mustasni (the ultimate purchaser) whereby the PIM.