Who we are
First ImroozModaraba (FIM) was formed on September 27, 1993 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980). At the commencement of its commercial operations in 1994, FIM traded only in approved commodities, however, by 1998, FIM was converted in to a multipurpose Modaraba. Unlike other Modarabas, FIM does not offer any financial services but it trades in industrial raw materials catering to specific industries such as paints, coatings, pharmaceuticals, food, agriculture, personal care, household, textile etc. FIM provides a complete supply chain solution to its customers from import, warehousing and supply to in time deliveries.
FIM takes pride in being selected on numerous occasions as one of the TOP 25 companies listed on the Karachi Stock Exchange, and has won many awards for its outstanding performance. FIM is also a member of the Non-Banking Financial Institutions (NBFI) and Modaraba Association of Pakistan. FIM is managed by AR Management Services (Pvt) Limited, having its head office in Karachi with a branch office in Lahore.
Mission And Vision
FIM is committed to:
- Operate its business activities in accordance with the true spirit and zeal of the Islamic Shariah.
- Employ its funds in the best way possible and to promote and use its human resources to maximize profits for certificate holders.
- Provide products and services that meet or exceed the needs and expectations of customers in a cost effective manner and to provide satisfactory returns to certificate holders, principals and stakeholders.
- Strive to positively contribute towards helping build a stronger and more progressive Pakistan through its policies and performance.