Annual Report
Two Thousand Twenty Three
C O N T E N T S
VISION AND MISSION STATEMENT | 2 |
CORPORATE INFORMATION | 3-4 |
CHAIRMAN'S REVIEW REPORT | 5 |
DIRECTORS' REPORT | 6-8 |
9-11 | |
AUDITORS' REPORT | 12 |
STATEMENT OF FINANCIAL POSITION | 13 |
STATEMENT OF PROFIT OR LOSS | 14 |
STATEMENT OF COMPREHENSIVE INCOME | 15 |
STATEMENT OF CASH FLOWS | 16 |
STATEMENT OF CHANGES IN EQUITY
NOTES TO THE FINANCIAL STATEMENTS
STATEMENT OF COMPLIANCE WITH THE CODE OF CORPORATE GOVERNANCE
17
18-44
45
PATTERN OF CERTIFICATE HOLDERS | 46 |
CATEGORIES OF CERTIFICATE HOLDING | 47 |
KEY OPERATING AND FINANCIAL DATA | 48 |
REVIEW REPORT OF AUDITORS ON COMPLIANCE | 49 |
OF CODE OF CORPORATE GOVERNANCE | |
SHARIAH ADVISOR'S REPORT | 50-51 |
NOTICE OF ANNUAL REVIEW MEETING | 52 |
JAMA PUNJI | 52 |
VISION STATEMENT
To develop into a leading small venture Islamic Financial Institution that will actively participate in the management of projects in addition to the conventional mode of Modaraba activities.
MISSION STATEMENT
Engage in activities that will maximize return on investment through Shariah mode of financing for Certificate holders of the Modaraba.
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CORPORATE INFORMATION | |
BOARD OF DIRECTORS OF MODARABA MANAGEMENT COMPANY | |
Mr. Muneeb Ahmed Dar | Chairman |
Mr. Aamir Iftikhar Khan | Chief Executive |
Dr. Sardar Ahmad Khan | Director |
Mr. Ghazanfar Farrokh | Director |
Mr. Muhammad Javed Amin | Director |
Mrs. Rukhsana Javed Amin | Director |
Mrs. Shahana Javed Amin | Director |
AUDIT COMMITTEE | |
Mr. Ghazanfar Farrokh | C h a i r m a n |
Mr. Muneeb Ahmed Dar | M e m b e r |
Mrs. Shahana Javed Amin | M e m b e r |
CFO & COMPANY SECRETARY | |
Mr. Muhammad Arif Hilal | |
LEGAL ADVISOR | |
International Legal Services | |
SHARIAH ADVISOR | |
Mufti Muhammad Umar | |
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AUDITORS OF THE MODARABA | |
Ilyas Saeed & Co. | |
Chartered Accountants | |
(Subject to approval of Registrar Modaraba Companies & Modarabas) | |
HR & R COMMITTEE | |
Mr. Muneeb Ahmed Dar | Chairman |
Mr. Aamir Iftikhar Khan | Member |
Mr. Ghazanfar Farrokh | Member |
BANKERS OF THE MODARABA | |
Bank Alfalah Limited | |
Bank Islami Pakistan Limited | |
Meezan Bank Limited | |
PRINCIPAL & REGISTERED OFFICE | |
50-A, Garden Block, New Garden Town, Lahore - Pakistan | |
Tel: 042-35442735 - 37 | Fax: 042-35442738 |
E-mail: info@fecm.com.pk | |
Web: www.fecm.com.pk | |
SHARE REGISTRAR | |
CorpTec Associates (Pvt.) Limited | |
503-E, Johar Town, Lahore. | |
Tel: 042-35170336-7 | |
Fax: 042-35170338 | |
E-mail: info@corptec.com.pk | |
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