Sindh Modaraba
PPSX:SINDM58.91
PKR
+5.13
(+9.54%)
ISIN
PK0109201019
Return %
Stock
S&P 500
1Y
236.63
14.20
3Y
674.11
81.12
5Y
575.57
68.34
Capital Structure
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Karachi Pakistan
- IPO Date
- Jan 23, 2015
- Website
- sindhmodarabaltd.com
- Similar Companies
- Business
- Sindh Modaraba is a Pakistan-based Islamic financial institution engaged in the provision of Shariah-compliant financing solutions, asset leasing, and capital investment activities. Floated in 2015 and headquartered in Karachi, Pakistan, the institution operates as a perpetual, multi-purpose modaraba under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, and is managed by Sindh Modaraba Management Limited, a wholly owned entity of the Government of Sindh. The company provides non-banking Islamic financial services across Pakistan, serving corporate, commercial, small and medium-sized enterprise (SME), and individual retail clients. Its core product and service portfolio includes Ijarah financing for the medium-to-long-term leasing of industrial machinery, plant equipment, and commercial vehicles; Murabaha cost-plus financing for working capital needs, inventory procurement, and raw material purchases; Diminishing Musharakah arrangements for shared-ownership financing of commercial real estate, corporate fixed assets, and business infrastructure; Salam and Istisna contracts for pre-delivery manufacturing and agricultural commodity financing; Shariah-compliant consumer house financing facilities; and treasury operations focusing on investments in Islamic marketable equity securities and Shariah-compliant money market instruments. In recent developments, the Government of Sindh approved a PKR 2 billion equity injection to expand the institution's capital base and support portfolio scale. Sindh Modaraba also achieved a credit rating upgrade from VIS Credit Rating Company to AA for long-term and A1 for short-term with a stable outlook, supported by rapid expansion in its Islamic financing portfolio, the successful deployment of short-term Murabaha facilities, and sustained asset quality with minimal non-performing exposures.