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
First Paramount Modaraba
First Paramount Modaraba (PSX: FPRM) is a Pakistan Stock Exchange-listed Islamic financial institution managed by Paramount Investments Limited. Its activities include Islamic financing arrangements such as Murabaha, Musharakah and Modaraba, alongside business services operating under brands including FPM Petro Services, FPM Solutions and FPM AML-Check. The company was included as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026. However, PSX displays a Risk Warning Alert regarding continuing regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory announcements and Shariah-screening status before making an investment decision.
Modarabas
First Punjab Modaraba
First Punjab Modaraba (PSX: FPJM) is a Pakistani Islamic financial institution incorporated in 1991 and managed by Punjab Modaraba Services (Private) Limited. Its principal activities include Ijarah leasing, Musharakah and Murabaha financing, equity investments and related business conducted under Islamic financial principles. The modaraba was listed as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026. Financial performance remains an important consideration: it reported a net loss of Rs. 172.92 million for the year ended December 31, 2025 and a further net loss of Rs. 16.41 million for the half year ended June 30, 2026. Investors should review its financing portfolio, credit risk, funding costs, cash flows and latest regulatory disclosures before assessing its certificates.