Sindh Modaraba · PSX:SINDM
Sindh Modaraba — Investor Presentation (October 2025)
28 slides from Sindh Modaraba's investor presentation, Oct 24, 2025
Slide 1: Sindh Modaraba Management Limited
Sindh Modaraba Management Limited
Slide 2: Corporate Briefing Session (CBS), Friday 24th October 2025
CORPORATE BRIEFING SESSION (CBS) FRIDAY, 24th OCTOBER 2025 Sindh Modaraba Management Limited
Slide 3: Corporate Briefing
CORPORATE BRIEFING • Sindh Modaraba Profile • Governance • Operation • Sector Analysis • Financial highlights • Future prospects • Questions & Answers Sindh Modaraba Management Limited 3
Slide 4: Profile of Sindh Modaraba
PROFILE OF SINDH MODARABA Sindh Modaraba Management Limited 4
Slide 5: Sindh Modaraba commenced its operations in February 2015
Sindh Modaraba commenced its operations in February 2015. Sindh Modaraba is a perpetual and multi purpose Modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. Sindh Modaraba is an Islamic Financial Institution providing Shariah Compliant Services to its
Slide 6: Ownership Structure
OWNERSHIP STRUCTURE Government of Sindh 100% Sindh Modaraba Management Limited General Public 94.33% 5.67% Sindh Modaraba Sindh Modaraba Management Limited 6
Slide 7: Governance
GOVERNANCE Sindh Modaraba Management Limited 7
Slide 8: Regulatory Framework (SECP Regulator)
REGULATORY FRAMEWORK (SECP REGULATOR) Modaraba Companies and Modarabas (Floatation & Control) Ordinance, 1980 Modaraba Companies and Modaraba Rules, 1981 Modaraba Regulations, 2021 Public Sector Companies (Corporate Governance) Regulations, 2013 PSX Listing Regulations Listed Companies (
Slide 9: Board of Directors
Board of Directors Mr. Waseem Mehdi Syed - Chairman - Independent Director Mr. Fayaz Ahmed Jatoi - Secretary Finance-GoS - Non-Executive Director Mr. Sami ul Haq Khilji - Non-Executive Director Mr. Ejaz Akhtar Ansari - Independent Director Mr. Kamal Ahmed - Non-Executive Director Ms. Naila Asad Shai
Slide 10: Shariah Advisor and Credit Rating
Shariah Advisor Syed Zahid Siraj Credit Rating Long term : A+ Short term : A -1 By VIS Credit Rating Company Limited Sindh Modaraba Management Limited 10
Slide 11: Organogram
Organogram Sindh Modaraba Management Limited 11
Slide 12: Risk Management Framework
RISK MANAGEMENT FRAMEWORK a. Modaraba shall not allow any facility to clients, who have been allowed waivers / write offs in Modaraba or any other financial institution except when the disputed amounts are small and justified. b. Any borrower who holds influential public position shall require enhan
Slide 13: Risk Management Framework: Anti-Money Laundering Policy
RISK MANAGEMENT FRAMEWORK e. Anti-Money Laundering & Countering Financing Terrorism Policy: • Policies and procedures are intended to ensure at the time of establishing relationship with the Customers, all reasonable and practical measures are taken to confirm the Customers’ identities • Modaraba ha
Slide 14: Shariah Governance
Shariah Governance o Fully Complied with Shari’ah Compliance and Shari’ah Audit Mechanism (SCSAM) for Modarabas o Quarterly Internal Shariah Audit Report by Chief Internal Auditor o Shariah Advisor Report included in the Annual Report of Sindh Modaraba Sindh Modaraba Management Limited 14
Slide 15: Operations
OPERATIONS Sindh Modaraba Management Limited 15
Slide 16: Business Model
BUSINESS MODEL The Modaraba is a perpetual and multi-purpose Modaraba and is primarily engaged in providing Shariah compliant financing facilities to credit worthy customers. The Modaraba is listed on Pakistan Stock Exchange. The registered office of the Sindh Modaraba is situated at 1st floor, Impe
Slide 17: Products / Modes of Financing
PRODUCTS / MODES OF FINANCING Modaraba Diminishing Musharaka Ijarah Murabaha Salam Istisna Any other products which may be approved by the Religious Board from time to time. Sindh Modaraba Management Limited 17
Slide 18: Sector Diversification
SECTOR DIVERSIFICATION 2025 2024 Sectors Rupees % Rupees % Sugar 631,307,316 37.04 96,458,321 12.18 Oil & Gas - Oil Marketing 45,991,209 2.70 9,870,000 1.25 Electric and power 1,800,000 0.11 15,125,720 1.91 Services 33,890,677 1.99 5,015,890 0.63 Individual 58,781,968 3.45 46,960,986 5.93 Printing a
Slide 19: Financial Highlights
Financial highlights Sindh Modaraba Management Limited 19
Slide 20: Financial Data
Financial Data 2025 2024 2023 2022 2021 2020 --------------------------------------------------Rupees------------------------------------------------------ Balance Sheet Certificate capital 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 Reserves 541,508,632 417,309,901 272,3
Slide 21: Financial Data
Financial Data 2025 2024 2023 2022 2021 2020 ----------------------------------------------------Rupees------------------------------------------------ ------ Profit & Loss Revenues 341,799,466 407,340,786 279,664,809 167,021,948 138,244,547 188,071,755 Operating expenses 87,438,400 64,572,249 64,09
Slide 22: Key Ratios
Key ratios 2025 2024 2023 2022 2021 2020 Earning per Certificate 4.00 4.47 2.90 1.47 1.68 2.40 Breakup Value 22.03 19.27 16.05 14.35 13.89 13.55 Current ratio 18.30 21.39 22.93 30.39 37.40 12.24 Return on asset (%) 9.00% 10.83% 7.53% 3.97% 4.51% 6.45% Return on equity (%) 9.34% 11.22% 7.74% 4.05% 4.
Slide 23: Future Prospects
Future prospects Sindh Modaraba Management Limited 23
Slide 24: Future Prospects
Future Prospects Future Economic Outlook (FY 2025-26 and Beyond) Looking ahead, the economic trajectory of Pakistan appears to be at a critical juncture, with several factors poised to shape its performance. Our outlook is one of cautious optimism, contingent upon sustained policy reforms and a more
Slide 25: Future Prospects
Future Prospects Exchange Rate Stability and External Sector: The stability of the Pakistani Rupee will largely depend on sustained foreign exchange inflows, a disciplined current account management, and investor confidence. We expect continued efforts to boost exports through diversification and ma
Slide 26: Future Prospects
Future Prospects Social and Human Development: Beyond economic indicators, there is a growing recognition of the need for inclusive growth that addresses social development challenges. Investments in education, healthcare, and skill development will be critical for building a productive workforce an
Slide 27: Questions & Answers
QUESTIONS & AMSWERS Sindh Modaraba Management Limited 27
Slide 28: Thank You
THANK YOU Sindh Modaraba Management Limited 28
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