PSX Company Profiles
What listed companies do, how they make money, key financials and Shariah status, researched by the PSX Investors Zone team.
2 companies
Modarabas / Renewable Energy Finance
Burj Clean Energy Modaraba
Burj Clean Energy Modaraba (PSX: GEMBCEM) is a perpetual Modaraba listed on the Pakistan Stock Exchange's Growth Enterprise Market Board in October 2024. Managed by Burj Investment Management Limited, it focuses on Shariah-compliant financing and leasing of renewable-energy equipment, clean-energy projects, energy storage, and related solutions. The Modaraba's activities include solar and wind projects, renewable-energy equipment leasing, energy-efficiency advisory, and clean-energy financing. Its model is designed to generate income through asset-based financing and lease rentals rather than relying solely on electricity generation or equipment sales. For FY2026, standalone profit after tax increased to Rs 91.29 million from Rs 43.03 million in FY2025. Consolidated revenue rose to Rs 362.52 million, while consolidated profit after tax reached Rs 93.54 million. The board recommended a final cash dividend of Rs 0.60 per certificate, equivalent to 6% of face value, subject to the applicable approval process. VIS maintains entity ratings of A for the medium- to long-term and A1 for the short-term, with a Stable outlook. On October 22, 2026, VIS finalized an A1 rating for the Modaraba's Rs 1.5 billion Short-Term Sukuk III. Investors should evaluate lease income, project performance, financing costs, Sukuk obligations, customer concentration, liquidity, and the latest Shariah disclosures before assessing the certificates.
Modarabas
First Habib Modaraba
First Habib Modaraba (PSX: FHAM) is a Pakistani Islamic financial institution managed by Habib Metropolitan Modaraba Management Company (Private) Limited, a subsidiary of Habib Metropolitan Bank Limited. Its core activities include Ijarah (leasing), Musharaka, Murabaha financing and other Shariah-compliant financial arrangements. For FY2026, First Habib Modaraba reported total income of approximately Rs. 5.08 billion, profit after tax of Rs. 747.92 million and earnings per certificate of Rs. 6.75. Compared with FY2025, total income decreased from Rs. 5.21 billion and profit after tax declined from Rs. 901.50 million. The board recommended a final cash dividend of Rs. 2.25 per certificate for FY2026. PSX subsequently reported electronic disbursement in October 2026. First Habib Modaraba appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on December 2025 data. Investors should verify the latest official screening status. **Important PSX Risk Warning:** The official PSX company page displays an alert concerning specified listing-regulation violations and possible trading suspension or delisting. Investors should review the latest official notice before making an investment decision.