Habib Metro Modaraba

Welcome To Habib Metro Modaraba

(An Islamic Financial Institution)

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About Us

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).

Habib Metro 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.

Habib Habib Metro Modaraba participate in various Islamic modes of financing approved by the Religious Board. In addition, the Modaraba wishes to diversify its business by using other avenues of investment as already approved by the Religious Board.

The scope of the Modaraba`s primary business activities:

  • Residual Value (RV) Car financing model.
  • Providing finance for solar power solutions.

News and Events​

Notice of Annual Review Meeting

Notice is hereby given that the Annual Review Meeting of certificate-holders of Habib Metro Modaraba will be held on October 24, 2020 at 03.30 p.m. at Institute of Cost and Management Accountants of Pakistan (ICMAP) Building, ST-18/C Block-6, Gulshan-e-Iqbal, Karachi, to review the performance of the Modaraba for the year ended June 30, 2020.

Habib Metro Modaraba Announces 7 Percent Cash Dividend

The Board of Directors in their meeting held on September 23, 2020, announced the cash dividend of 7 percent i.e. Re. 0.70 per certificate of Rs 10/- each .The financial performance of the Modaraba remained satisfactory in 2019-20.