All praise and thanks are Allah’s
Alhamdulillah, First Habib Modaraba (FHM) has completed 30 years of successful business operation. FHM being the pioneer in Modaraba sector grew over the year on sound footing with the commitment of adding value to all our stakeholders particularly our investors.
FHM is well on its Vision to be a leading Islamic Financial Institution within the Modaraba sector and its mission to build institution on Continued on FHM Profile page
The Joint Committee of ICAP and ICMAP in their ceremony held on October 7 , 2016 have awarded First Position “Best Corporate Report Award 2015” to our Modaraba under the category of NBFIs. FHM is the only Modaraba in entire Modaraba sector who has been receiving this award since last seven consecutive years.
For the financial year ended 30th June, 2015, the NBFI and Modaraba Association of Pakistan, has awarded Best Performing Modaraba Award to FHM within the Modaraba sector. FHM has secured 3rd position in above award category. The award ceremony was held on March 17, 2016 at Karachi.
FHM has received “Corporate Excellence Certificate Award” from The Management Association of Pakistan. FHM has been receiving this award for last six consecutive years. The award ceremony was held on February 24, 2016 at Karachi
SAFA in its award ceremony held on January 30, 2016 at Lahore, Pakistan, recently, awarded SAFA "Certificate of Merit" Award to First Habib Modaraba (FHM) in the category of "Financial Services Sector" for "Best Presented Accounts" and "Corporate Governance Disclosures" for the year 2014. FHM has been receiving this award since last three consecutive years.Press Release
According to Pakistan credit Rating Agency Limited (PACRA) has to PACRA provide their press release dated 7th January, 2016, 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.
The Federation of Pakistan Chamber of Commerce ranked First Habib Modaraba “First Position” in the category of NBFI sector in the “3rd FPCCI Achievement Award”. The award recognized First Habib Modaraba efforts in the promotion of Islamic Economic system in the country especially in financial transactions. The award ceremony was held on October 01, 2015 at Karachi.Press Release
The directors of First Habib Modaraba (FHM) in their Board of Directors meeting held on Tuesday, August 30, 2016 announced cash dividend of 20 percent. The financial performance of the Modaraba remained satisfactory in 2015-16. Balance Sheet size has increased by 12 percent due to enhancement in financing portfolio and financing asset has increase by 20 percent over the period of last year.