Corporate Information
Modaraba Management Company | IBL Modaraba Management (Pvt.) Limited | |
Board of Directors | Mr. Arslan Khan Khakwani | Chairman |
Mr. Ibrahim Hasan Murad | Director | |
Mr. Salman Ahmad | Independent Director | |
Ms. Faiza Jabeen | Female director | |
Mr. Muhammad Ibrahim Qazi | Chief Executive | |
Company Secretary | Mr. Hassan Fareed | |
Chief Financial Officer | Mr. Zeeshan Ahmed | |
Internal Auditor | Mr. Jahangir Hassan | |
Shari'ah Advisor | Dr. Salman Ahmed Khan | |
Legal Advisor | M/s. Holscott International [Legal services] | |
Bankers | Meezan Bank Limited | |
MCB Islamic Bank Limited | ||
The Bank of Punjab - Taqwa | ||
Auditors to the Modaraba | Crow Hussain Chaudhury | |
Chartered Accountants | ||
Share Registrar | Corp Tec Associates (Pvt.) Limited | |
503 E, Johar Town, Lahore. | ||
Telephone No. 042-35170335 - 37 | ||
Registered/ Principal Office | Office No.4-L, Main Ferozepur Road, | |
Gulberg3, Lahore. | ||
Telephone No. 042-35969435 & 36 | ||
www.firstibl.com |
On behalf of the Board of Directors of IBL Modaraba Management (Pvt.) Ltd, the managing company of First IBL Modaraba (FIBLM), I am delighted to present the Quarterly Report featuring unaudited financial statements for FIBLM, covering the first quarter ending on September 30, 2023.
In the face of challenging economic conditions characterized by high inflation rates, reduced purchasing power, restrictions on imports, persistent supply constraints, and an overall challenging economic landscape, I am pleased to report that your Modaraba has achieved a net profit of Rs. 5.203 million for this quarter. This is a notable improvement compared to the profit of Rs. 2.643 million recorded in the previous reporting period.
Segment wise contribution of operating income is as follows:
Revenue Segment Highlights
5.42 | |||||||||
4.03 | |||||||||
2.60 | 2.63 | 1.87 | 1.87 | 1.62 | |||||
0.91 | |||||||||
Ijarah | Musharikah | Investment property | Others | ||||||
Sep 2023 | Sep 022 | ||||||||
During the reporting period the management focused on investment of funds in Ijarah and musharikah segment to generate more handsome return for its valued certificate holders.
Asset base highlights are as follows:
Asset Base
228.59 222.81
153.27 131.41
75.33 91.40
Current Assets | Non Current Assets | Total Assets | |||
Sep 2023 | June 2023 | ||||
During the first quarter ended September 30, 2023 recoveries were smooth and subsequently invested in income generating segments.
5.42
4.03
2.60 2.63
1.87 | 1.87 | 1.62 | ||||||
0.91 | ||||||||
Ijarah | Musharikah | Investment property | Others | |||||
Sep 2023 | Sep 022 | |||||||
153.27
228.59 222.81
131.41
75.33 91.40
Current Assets | Non Current Assets | Total Assets | |||
Sep 2023 | June 2023 | ||||
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