ABOUT HABIB METRO MODARABA
Habib Metropolitan Modaraba Management Company (Private) Limited (HMMCL), a wholly owned subsidiary of Habib Metropolitan Bank Limited, is managing a very successful venture First Habib Modaraba. HMMCL has floated another multipurpose, perpetual Modaraba in the name of Habib Metro Modaraba. (HMM)
This Modaraba is floated with a view to:
- Providing an opportunity to certificate holders to participate gainfully in Riba Free economic development of Pakistan.
- Earn maximum possible income for distribution to the certificate holders so that attractive, sound and lawful Shariah compliant avenues of investment can be provided to them.
- Produce appreciation of capital through increase in value of certificates.
- Generate long-term growth.
This Modaraba will invest in various Islamic modes of financing approved by the Religious Board. In addition, the Modaraba may use other avenues of investment as already approved by the Religious Board.
The scope of the Modaraba`s primary business activities will be as follows:
- Residual Value (RV) Car financing model.
- Providing finance for solar power solutions.
- Providing generator and other equipment on rental basis.