First Al-Noor Modaraba (FANM) held a corporate briefing session outlining its operational activities, financial performance, and future outlook for FY 2025-2026.
- The Modaraba has been operational since 1992, focusing on Ijarah, Diminishing Musharakah, Shariah-compliant investments, and commodity trading.
- Trading revenue grew by approximately 15% year-on-year, showcasing resilience in operations.
- Investment revenue declined to PKR 16.756M from PKR 25.648M in FY2025, a drop of about 35% due to geopolitical tensions.
- The portfolio delivered a 32% return, outperforming the KMI-All Index by 7 percentage points.
- Total assets stood at PKR 274.58M, with current liabilities at PKR 8.49M and net profit reported at PKR (2.80M).
- Future plans include expanding the commodity trading portfolio and enhancing revenue generation across existing segments.
- The Modaraba remains cautiously optimistic about improved investment yields with favorable macroeconomic conditions.