First IBL Modaraba Stock

First IBL Modaraba is a Pakistan-based financial institution. The Company is engaged in various Islamic modes of financing and operations, including ijarah, musharaka and murabaha arrangements. The Company provides Islamic financial products to the corporate sector, as well as individual consumers. Its clientele ranges from construction and engineering companies, textile companies, power generation companies, cement manufacturing companies, the educational sector, universities, and group companies to individuals. Its products include Ijarah, Musharika, Morabaha and House Finance. It grants companies the facility to avail lease finance for plant and machinery, motor vehicles, furniture and fixture, and office equipment at competitive rates. The Company’s house finance offers three product variants: house purchase, purchase of undivided share (home renovation) and purchase of undivided share of property from another bank (balance transfer).