FHM becomes observer member of IFSB

First Habib Modaraba (FHM) has become the observer member of Islamic Financial Services Board (IFSB). At present FHM the only member of IFSB in entire Modaraba and Non-Banking Financial Companies (NBFC) sector representing in Pakistan.
FHM is one of the best performing Modarabas in Modaraba sector having the highest assets and equity size. FHM is consistently paying dividends to their Certificate Holders since the inception of business by FHM. FHM is also maintaining its "A" category rating since past ten years. At present the credit rating of Modaraba is "AA" and "Al+" assigned by Pakistan Rating Agency (Pvt) Ltd, (PACRA).
Recently, Modaraba Association of Pakistan (MAP) has awarded First Habib Modaraba (FHM) as the second best performing Modaraba for the year 2007. Furthermore, last year the Management Association of Pakistan (MAP) has also awarded "Corporate Excellent Certificate" Award to FHM.-PR