FIRST IMROOZ MODARABA

the company profile for First Imrooz Modaraba in English, including its classification:

First Imrooz Modaraba (FIMM)

Company Introduction:

First Imrooz Modaraba is a perpetual, multipurpose Modaraba established in Pakistan and listed on the Pakistan Stock Exchange (PSX) under the symbol FIMM. It operates under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, and the rules framed thereunder. The Modaraba is managed by BRR Investment (Private) Limited.

The principal activities of First Imrooz Modaraba involve engaging in Shariah-compliant financing and investment activities. These primarily include:

1. Ijarah (Leasing): Providing assets, such as vehicles, plant, and machinery, on a rental basis according to Islamic leasing principles.

2. Musharakah & Diminishing Musharakah: Partnership financing where profits and losses are shared according to pre-agreed ratios, often used for project financing or asset co-ownership.

3. Murabaha Financing: Cost-plus financing, where the Modaraba purchases assets (like commodities or goods) upon a client's request and sells them to the client at a disclosed markup on a deferred payment basis. This involves elements of trading.

4. Trading Activities: Engaging in the purchase and sale of Shariah-compliant goods or securities.

5. Investment Activities: Investing in Shariah-compliant equity securities, certificates of investment, and other permissible instruments.

Classification: Factory or Trading Company?

First Imrooz Modaraba is neither a factory nor solely a traditional trading company.

Not a Factory: It does not engage in manufacturing or producing goods.

Elements of a Trading Company, but Primarily a Financial Institution: While it does conduct "Trading Activities" and its Murabaha operations inherently involve the buying and selling of assets, its core identity and primary function are those of a Non-Banking Financial Institution (NBFI) operating under the specific Islamic finance structure of a Modaraba. Its business model revolves around providing Shariah-compliant financing, leasing, and investment management services, rather than being primarily focused on the physical trade and distribution of goods like a typical import/export or wholesale trading company.

In summary, First Imrooz Modaraba is best described as a Shariah-compliant financial institution (Modaraba) whose business activities include leasing, various forms of Islamic financing, investment, and trading.

the information about First Imrooz Modaraba's business activities, presented in English:

Based on publicly available information, First Imrooz Modaraba is primarily engaged in financial services and investment activities rather than manufacturing or selling physical products in the traditional sense.

Their core business operations typically include:

1. Ijarah (Leasing): Providing assets (like vehicles, machinery, equipment) on a lease basis under Islamic financing principles.

2. Murabaha (Cost-Plus Financing/Trading): Facilitating the purchase of assets or goods for clients on a cost-plus-profit basis. This can involve trading in various commodities or assets as part of the financing arrangement.

3. Musharakah / Diminishing Musharakah (Partnership Financing): Entering into partnership agreements for financing projects or assets, often where ownership gradually transfers to the client (Diminishing Musharakah).

4. Investment Activities: Investing in Shariah-compliant securities, shares, certificates of deposit, and other financial instruments.

5. Trading Activities: Engaging in the trading of authorized goods or commodities, often linked to their Murabaha financing operations.

In summary, First Imrooz Modaraba "sells" or "provides" Shariah-compliant financial solutions, leasing services, and investment opportunities, rather than physical manufactured goods.