Popular Islamic Modaraba (formerly: First Islamic Modaraba) (PIM) was established in 1994 and floated under the Modaraba Ordinance of 1980. Popular Islamic Modaraba is a multi-purpose, perpetual and multi-dimensional Modaraba. It is listed on the Pakistan Stock Exchange, and is a member of NBFI & Modaraba Association of Pakistan.
vision
To be Modaraba of choice adhering to financing principles of Quran and Sunnah.
mission
To be a leading financial institution of the country offering all modes of Islamic financing to the satisfaction of customers who aspire to realize the growth potential of Shariah Compliant Financing in Pakistan. We focus on value creation for our stakeholders.
Services
Popular Islamic Modaraba is offering various modes of Islamic Financing including Ijarah, Diminishing Musharaka, Murabaha, Musharaka, Istisna, Salam, etc. besides Islamic Financing, Popular Islamic Modaraba is also into shares trading and advisory services in the live-stock sector. Our products also include home-financing, car-financing and Islamic-financing.
SECP REGISTERED & PURELY SHARIAH COMPLIANT
PKR 140 MILLION AUTHORIZED CAPITAL WITH PKR 100 MILLION PAID UP CAPITAL.
VALUE SYSTEM
Our Belief is the most important asset and to us, Islamic Shariah is wholesome and comprehensive in every aspect of life. We believe in the following values as a completely Shariah compliant company.
Belief and Knowledge
Innovation and Integrity
Personal Responsibility
