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First National Bank Modaraba
Ground Floor
NBP-RHQ Building, 26-McLagan Raod
Phone: +92 4299213242p:+92 4299213242 LAHORE, Pakistan Ticker: FNBMFNBM
Business Summary
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. Ijarah is a contract in which the benefits or use of an asset are transferred by the owner (lessor) to the lessee at an agreed price or rental amount for a specified period. Murabaha is an Islamic financial product designed to fulfill the working capital needs of clients. It is a type of sale in which the seller explicitly mentions the cost incurred on the commodities being sold and adds a known profit margin, which is disclosed to the buyer. Musharaka refers to a partnership established through a contract by mutual consent of the parties, where profits and losses are shared in a joint business venture. It is a partnership in which the partners join together with different contributions, work or trade in accordance with the principles of Sharia.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20256/30/2024Yes----

Industries
SIC Code Description
6159 Miscellaneous business credit institutions
6099 Functions related to depository banking, not elsewhere classified
6799 Investors, not elsewhere classified
6211 Security brokers, dealers, and flotation companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Syed Hasan IrtizaKazmi 10/28/2016 10/3/2016
Chief Executive Officer Shahid IqbalChoudhri 7/28/2025 7/28/2025
Chief Financial Officer, Company Secretary FarahAslam 1/11/2019 1/11/2019
4 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 25,000,000 (As of 3/31/2025)
Stock Exchange: PSX
Fax Number: +92 4299213247


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