WASL MOBILITY MODARABA
WASL | Pakistan Stock Exchange LtdBusiness Summary
Wasl Mobility Modaraba, formerly First Prudential Modaraba, is a Non-Bank Islamic Financial Institution. It is a perpetual, multipurpose Modaraba, which includes participating in Musharika, Morahaba, and providing financial assistance for working capital needs, Ijaraha of all types of assets with special emphasis on vehicles and industrial machinery, including securitization of lease portfolios of leasing companies, and commercial activities including syndication and leveraged leasing, underwriting public issue of shares. Its portfolio includes Musharaka, Ijarah, Istisna, and Salam. Musharaka relationship is established under a contract by mutual consent of parties for sharing profits and losses arising from a joint enterprise or venture. Ijarah is an Islamic alternative to leasing and refers to the transfer of benefits. Salam is a short-term agreement in which a financial institution makes full prepayments for the future delivery of a specified quantity of goods on a specified date.
Country of Incorporation
Pakistan
Incorporation Date
-
Business Sector
Banking & Investment Services
Company Address
3rd Floor, Horizon Vista, Plot No. Commercial 10, Block No. 4, Clifton
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