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Company Profile
The First Al-Noor Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder and is managed by Al-Noor Modaraba Management (Private) Limited, a company incorporated in Pakistan. The Modaraba is a perpetual, multi purpose and multi dimensional Modaraba and is primarily engaged in providing Ijarah financing, Musharakah, Diminishing Musharakah, Musawamah, equity investment and other Shariah compliant trading activities.
| Zainuddin Aziz | CEO |
| Zia Zakaria | Chairperson |
| Roofi Abdul Razzak | Company Secretary |
M/s. FAMCO Share Registration Services (PVT.) Limited 8-F, Near Hotel Faran, Nursery, Block-6, P.E.C.H.S. Shahrah-e-Faisal, Karachi
Russell Bedford Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants
June
Equity Profile
Announcements
| Date | Title | Document |
|---|---|---|
| Oct 29, 2025 | Transmission of Quarterly Report for the Period Ended 09/30/2025 | View PDF |
| Oct 27, 2025 | Financial Results for Quarter Ended 2025-09-30 | View PDF |
| Sep 30, 2025 | Transmission of Annual Report for the Year Ended 30-06-2025 | View PDF |
| Sep 11, 2025 | Financial Results for the Year Ended 2025-06-30 | View PDF |
| Apr 29, 2025 | Transmision of Quarterly report for the Period Ended 2025-03-31 | View PDF |
| Date | Title | Document |
|---|---|---|
| Oct 21, 2025 | Board Meeting for the first quarter ended 09-30-2025 | View |
| Sep 30, 2025 | Notice of Annual Review Meeting | View PDF |
| Sep 18, 2025 | Rescheduling of Annural Review Meeting for the year ended 30-06-2025 | View |
| Sep 4, 2025 | Board Meeting for the year ended 30-06-2025 | View |
| Jul 3, 2025 | Certified Copy of the Resolutioins passed by the Shareholders of the Management Company in its Extra Ordinary General Meeting | View PDF |
Financials
All numbers in thousands (000's) except EPS
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Total Income | 46,294 | 36,200 | 36,825 | 38,701 |
| Profit after Taxation | 2,413 | 390 | 535 | 2,306 |
| EPS | 0.10 | 0.02 | 0.02 | 0.10 |
| Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | |
|---|---|---|---|---|
| Total Income | 18,472 | 6,663 | 17,422 | 2,878 |
| Profit after Taxation | 7,651 | (4,258) | 6,441 | (6,917) |
| EPS | 0.33 | (0.18) | 0.28 | (0.30) |

Ratios
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| EPS Growth (%) | 400.00 | (80.00) | 233.33 | |
| PEG | 0.11 | (1.92) | 0.15 |









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