All praise and thanks are Allah’s
First Habib Modaraba (FHM) is operating in Pakistan’s financial market as Non-Bank Islamic Financial Institution as one of the pioneers within Modaraba sector. With a track record of excellent performance of more than 3 decades is the success story of dedication and commitment to provide the investors a sound and continuous return. Consistency in distribution of dividends among the certificate holders along with increase in certificate holders’ equity has made FHM a top performing Modaraba within Modaraba sector.
The Joint Committee of ICAP and ICMAP in their ceremony held on August 20th, 2019 have awarded the 1st position "Best Corporate Report Award 2019". FHM is the only Modaraba in entire Modaraba sector who has been receiving this award since the last ten consecutive years.
FHM has received “34th Corporate Excellence Certificate Award” from The Management Association of Pakistan. FHM has been receiving this award for last eleven consecutive years. The award ceremony was held on 9th April, 2019, at Karachi
Notice is hereby given that the Annual Review Meeting of certificate-holders of First Habib Modaraba will be held on October 26, 2019 at 02.00 p.m. at Institute of Cost and Management Accountants of Pakistan (ICMAP) Building, ST-18/C Block-6, Gulshan-e-Iqbal, Karachi, to review the performance of the Modaraba for the year ended June 30, 2019.
The Board of Directors in their meeting held on August 29, 2018, announced the cash dividend of 25 percent. The financial performance of the Modaraba remained satisfactory in 2017-18
COMSAT has award Best Islamic Non-Banking Financial Company (NBFC) 2018 Award to "First Habib Modaraba in the ceremony held as on 13th March 2018 at Lahore
SAFA in its award ceremony held on 22 january 2019 Pune,India, awarded SAFA "Certificate of Merit" Award to First Habib Modaraba (FHM) in the category of "Financial Services Sector" for "Best Presented Annual report Awards" and " SAARC Anniversary Award for Corporate Governance Disclosures" for the year 2018. FHM has been receiving this award since last eight consecutive years. Press Release
According to Pakistan, credit Rating Agency Limited has PACRA provide their press release dated December 30, 2017, the FHM was assigned rating scale of AA+ for long-term and A1+ for short term. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
As on 4th October 2017 FPCCI has awarded “FPCCI Achievement Award” to First Habib Modaraba (FHM) under the category of NBFI. This recognition has been given to FHM for promotion of Islamic Finance within NBFI and Modaraba sector. Detail
For the financial year ended 30th June, 2016, the NBFI and Modaraba Association of Pakistan, has awarded Best Performing Modaraba Award to FHM within the Modaraba sector. FHM has secured 2nd position in above award category. The award ceremony was held on May 23, 2017 at Karachi. Detail
Management Rights transfer process of First Habib Modaraba (FHM) from Habib Modaraba Management (Pvt.) Limited to Habib Metropolitan Modaraba Management Company (Pvt.) Limited (HMMML) has been completed and Management of FHM has been now taken over by HMMML.