First Tri-Star Modaraba
PPSX:FTSM29.63
PKR
-0.33
(-1.10%)
First Tri-Star Modaraba
PSX:FTSM
(Pakistan Stock Exchange)
Recent
price
29.63
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- First Tri-Star Modaraba is a Pakistan-based multipurpose, perpetual Modaraba that provides Shariah-compliant financial products, asset financing solutions, and commercial trading services. The company offers a broad range of Islamic financial services and operational activities, including Ijara (Islamic leasing) facilities for industrial plant, machinery, equipment, and commercial vehicles; Morabaha and Musharaka financing arrangements designed for corporate working capital support and capital asset acquisition; commodity and merchandise trading services encompassing the procurement, wholesale distribution, and supply of textile products, raw materials, and commercial goods; capital market investments in listed equity securities and money market instruments; and commercial property management, real estate leasing, and warehousing services. Managed by A.R.T. Modaraba Management (Private) Limited, the Modaraba primarily serves corporate clients, commercial enterprises, and small-to-medium businesses (SMEs) across Pakistan. In recent operational developments, First Tri-Star Modaraba has concentrated on balance sheet restructuring, portfolio cleanup, and targeted asset recovery initiatives to address non-performing assets and legacy obligations. The management has also engaged with regulatory bodies and the Pakistan Stock Exchange (PSX) to pursue capital rehabilitation plans, regularize listing compliance, and evaluate strategic avenues to expand its Shariah-compliant trading and investment activities. Formed in 1990 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, First Tri-Star Modaraba is headquartered in Karachi, Pakistan.