First UDL Modaraba is a Pakistan-based perpetual, multipurpose and multidimensional Modaraba. The Company is engaged in providing finance under murabaha and musharakah arrangements, Ijarah, commodity trading and trading in listed and non-interest-bearing securities. Its financial products include Ijarah - Leasing, Musharika - Partnership Financing and Morabaha - Cost Plus Financing. Its Ijarah - Leasing is engaged in the leasing of vehicles, computers, machinery and equipment to companies and individuals. The Company also facilitates sale and lease back provided that their customers meet its credit standards. It offers various types of Musharika financing. The Company offers Diminishing Musharika by customize to suit its individual customer needs. Its Morabaha - Cost Plus Financing is a type of deferred sale between the Company and its customer for the sale of goods at spot at a price, which includes a profit margin agreed by both parties to be paid at some future date.
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