Notice of Annual Review Meeting
Notice is hereby given that the Annual Review Meeting of certificate-holders of First Habib Modaraba will be held on October 22, 2018 at 3.00 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, 2018.
The certificate holders whose names appear in the register of certificate holders of FHM as on October 10, 2018 will be eligible to attend the Annual Review Meeting.
By order of the Board
Karachi: October 01, 2018
First Habib Modaraba announces 25 percent cash dividend
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.
Best Corporate Report Award 2017
The Joint Committee of ICAP and ICMAP in their ceremony held on August 7th, 2018 have awarded the Second position “Best Corporate & Sustainability Report 2017”. under the category of NBFIs. FHM is the only Modaraba in entire Modaraba sector who has been receiving this award since the last nine consecutive years
Best Islamic NBFC Award (COMSAT)
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
Corporate Excellence Certificate Award
FHM has received “Corporate Excellence Certificate Award” from The Management Association of Pakistan. FHM has been receiving this award for last eight consecutive years. The award ceremony was held on February 27, 2018, at Karachi
SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM)
SAFA in its award ceremony held on January 31, 2018 at Kathmandu, Nepal , recently, 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 2016. FHM has been receiving this award since last eight consecutive years. Press Release
PACRA Maintains Ratings of First Habib Modaraba (FHM)
According to Pakistan Credit Rating Agency Limited (PACRA) has 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.
FPCCI Achievement Award
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 the promotion of Islamic Finance within NBFI and Modaraba sector.
Best performing Modaraba award from NBFI and Modaraba Association of Pakistan
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.
Transfer of Management Rights
The 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.