Popular Islamic Modaraba
PPSX:PIM110.10
PKR
-6.85
(-5.86%)
Popular Islamic Modaraba
PSX:PIM
(Pakistan Stock Exchange)
Recent
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110.10
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- Popular Islamic Modaraba (PSX: PIM) is a Pakistan-based, multipurpose, and perpetual Islamic financial institution engaged in the provision of Shariah-compliant financing, asset leasing, and investment solutions. Established in 1985 and headquartered in Karachi, Pakistan, the institution operates under the regulatory purview of the Securities and Exchange Commission of Pakistan (SECP) and is managed by Popular Islamic Modaraba Management Company (Private) Limited, a member of the diversified conglomerate Popular Group of Companies. Popular Islamic Modaraba primarily serves corporate enterprises, commercial entities, small and medium-sized enterprises (SMEs), and individual clients across Pakistan, providing tailored Islamic financial mechanisms across industrial, trading, and service sectors. The company offers a comprehensive suite of interest-free financial products and services, structured systematically to meet the funding and asset-acquisition requirements of its clients. Its primary offerings include Murabaha financing for working capital, raw material procurement, and trade inventory financing; Ijarah facilities for the Islamic leasing and acquisition of industrial machinery, commercial plant equipment, and motor vehicles; Diminishing Musharakah arrangements for medium- and long-term project financing, industrial asset ownership, and commercial real estate acquisition; Musawamah facilities for structured commodity and spot trading; Salam contracts for agricultural and pre-paid procurement requirements; and Shariah-compliant treasury and investment operations, encompassing Islamic mutual fund placements, equity investments, and inter-bank liquidity management. In recent developments, Popular Islamic Modaraba has continued to execute strategic portfolio realignments and risk-mitigation measures under the sponsorship of the Popular Group of Companies. Over the past two years, the institution has focused on optimizing asset quality by expanding low-risk SME and corporate Murabaha and Ijarah credit portfolios while actively restructuring legacy exposures. The company has also introduced enhanced credit underwriting protocols, integrated digital workflow automation to streamline customer onboarding and Shariah compliance auditing, and recalibrated its asset-liability maturity profiles to effectively navigate macroeconomic volatility and prevailing benchmark interest rates within Pakistan's Islamic non-banking financial sector.