First National Bank Modaraba : Corporate Briefing Session
October 10, 2023 at 01:54 am EDT
Share
1
First National Bank Modaraba (FNBM)
Managed by: National Bank Modaraba
Management Company Ltd (NBMMCL)
Corporate Briefing Session
For the year ended Jun 30,2023
Table of Contents
About FNBM
1
Financial Performance at a glance 2
Economic and Sector Outlook
3
Future Outlook
4
First National Bank Modaraba("the Modaraba") is a multipurpose, perpetual and multi-dimensional Modaraba formed under the Modaraba Companies and Modaraba(Floatation and Control) Ordinance, 1980 and Rules framed there under. The Modaraba is managed by National Bank Modaraba Management Company Limited (a wholly owned subsidiary of the National Bank of Pakistan)), incorporated in Pakistan under the repealed Companies Ordinance 1984(now the Companies Act 2017) and registered with the Registrar of Modaraba Companies. The registered office of the Modaraba is situated at Ground Floor, National Bank of Pakistan, Regional Headquarters Building, 26 Mclagon Road Lahore.
4
Year Ended
Year Ended
Year Ended
Year Ended
Year Ended
Year Ended
June 30,2023
June 30,2022
June 30, 2021
June 30, 2020
June 30, 2019
June 30, 2018
Balance Sheet Size
305,951,556
265,717,697
239,158,238
238,951,705
303,068,110
356,066,321
Total Equity
(55,578,783)
(58,111,902)
(62,095,159)
(63,161,052)
(22,110,114)
8,154,162
Total Operating & Other Income
64,180,616
53,454,288
49,834,268
23,351,818
22,260,145
76,030,467
Operating & Financial Exp.
52,824,636
39,999,887
33,827,265
54,403,262
52,357,465
71,817,951
Profit for the period
4,940,406
3,143,856
1,337,762
(34,071,784)
(35,716,364)
(8,178,908)
Modaraba Co.'s Management
560,137
356,446
151,674
Nil
Nil
Nil
Fee
Net profit after tax
4,100,537
2,609,400
1,110,342
(34,071,784)
(35,716,364)
(8,178,908)
Earning per certificate (Rs.)
0.16
0.10
0.04
(1.36)
(1.43)
(0.33)
Return on Assets (%)
1.34%
0.99%
0.46%
(14.28)
(11.78)
(2.30)
Return on Equity
NA
NA
NA
N/A
N/A
(101)
(%)
Dividend Paid (%)
Nil
Nil
Nil
Nil
Nil
Nil
Breakup value per certificate
2.22
(2.32)
(2.48)
(2.52)
(1.42)
.33
(Rs.)
5
Attention: This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
First National Bank Modaraba published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 05:53:03 UTC.
First National Bank Modaraba is a Pakistan-based perpetual, multipurpose and multi-dimensional Modaraba. The Company is engaged in various Islamic modes of financing and operations including ijarah, musharaka and murabaha arrangements. It offers Shariah complaint Islamic Financial Products in the financial market. It invests its funds in Shariah-based modes of financing, including leasing, Murabaha, purchase and sale of shares/securities in Pakistan. The Ijarah is a contract where the use of an asset is transferred by the owner to the lessee at an agreed price amount for an agreed period of time or Ijarah period. Murabaha is a particular kind of sale where the seller expressly mention the cost, he has incurred on the commodities to be sold and sells them to another person by adding some profit, which is known to the buyer. Musharaka is a relationship established under a contract by the mutual consent of the parties for sharing of profits and loss in the joint business.
FIRST NATIONAL BANK MODARABA 
