What are the opening hours?

Monday 09:00 - 17:30 Tuesday 09:00 - 17:30 Wednesday 09:00 - 17:30 Thursday 09:00 - 17:30 Friday 09:00 - 17:30

First Paramount Modaraba

Home
Pakistan
Karachi
First Paramount Modaraba

Call Directions Website Contact the business

It was incorporated on February 15, 1992. It is listed on the Pakistan Stock Exchange (PSX). It is listed on the Pakistan Stock Exchange. BOARD OF DIRECTORS
1. Mr.

First Paramount Modaraba (FPM), is a Non-Banking Islamic Financial Institute | First Shariah Certified Modaraba, managed by Paramount Investments Limited (PIL). First Paramount Modaraba (FPM), a Non-Banking Islamic Financial Institute, was established in Karachi on February 24th 1992, under the Companies Ordinance 1984. FPM is a member of NBFI & Modaraba association of Pakistan. FPM offers Shariah compliant financing products to its clients. These include; Musharakah, Murabaha, Modaraba, Diminishing Musharakah and other modes of Islamic Finance. FPM also offers Certificate of Musharakah for investment. We offer best possible return on COM for different tenures. COM can be purchased by individuals, NGOs; Provident & Gratuity funds holders, Corporate Institutions and other concerns. FPM is being managed by Paramount Investment Ltd. Tanweer Ahmed Magoon - Chairman
2. Syed Wajih Hassan - Chief Executive Officer
3. Pir Mohammad Kaliya - Director
4. Nadeem Iqbal - Director
5. Humayun Mazhar Qureshi - Independent Director
6. Habib Ahmed Navaid - Independent Director
7. Abrar Ahmed - Director

Shariah Advisor of Modaraba
M***i Muhammad Farhan Farooq

Shariah Consultant of Modaraba
M***i Muhammad Najeeb Khan

Auditors of The Modaraba
M/s. Riaz Ahmed & Co. Chartered Accountants

Auditors of The Modaraba Management Company
M/s. Rahim Jan & Co. Chartered Accountants

Legal Advisor
Mr. Raja Qasit Nawaz, Advocate
Mr. Saifuddin, Advocate

Bankers
Meezan Bank Limited
Bank Islami Pakistan Limited
Al Baraka Bank (Pakistan) Limited
Habib Metropolitan Bank Limited -Islamic Banking
Habib Bank Limited

Share Registrar
THK ASSOCIATES (PVT) LTD. Plot No: 32-C, Jami Commercial Street2,
D.H.A, Phase-VII. Karachi-75500, Pakistan. Tel (021) 111 000 322 Fax (021) 35310191. Email: [email protected]
Web address: http://thk.com.pk

12/06/2026

Mr. Mudassir Ali (CFO) and Mr. Hassan Hammad (Head of Compliance) attended Launching of Year Book 2025, an event organized by NBFI & Modaraba Association of Pakistan.

10/06/2026

فرسٹ پیراماؤنٹ مضاربہ کے سابق ڈائریکٹر جناب ہمایوں مظہر قریشی مرحوم کے حوالے سے ایک تحریر

مرحوم جناب ہمایوں قریشی
CISA،
سابق کنٹری مینیجر IBM گلوبل سروسز،
ڈائریکٹر DATALOG، IOT و مینجمنٹ کنسلٹنٹ، ٹرینر
مرحوم جناب ہمایوں قریشی پاکستان کی آئی ٹی انڈسٹری کی ایک نہایت معتبر، سینئر اور باوقار شخصیت تھے۔ انہوں نے اپنے طویل اور مثالی پیشہ ورانہ سفر کا آغاز 1969 میں پنچ کارڈ مشینوں سے کیا اور نصف صدی سے زائد عرصے پر محیط اس سفر میں جدید سینسر بیسڈ آئی او ٹی (IoT) سلوشنز تک پہنچ کر ملکی ٹیکنالوجی کے فروغ میں نمایاں کردار ادا کیا۔
آپ پاکستان کے پہلے الیکٹرانکس انجینئرنگ بیچ (1968) کے گریجویٹ تھے اور ISACA سے Certified Information Systems Auditor (CISA) کی سند رکھتے تھے۔
مرحوم کا آئی ٹی کیریئر 50 سال سے زائد عرصے پر مشتمل تھا، جس میں 31 سال IBM میں مختلف تکنیکی اور انتظامی عہدوں پر خدمات انجام دیں، حتیٰ کہ IBM Global Services کے کنٹری مینیجر کے منصب تک فائز رہے۔
2015 میں مرحوم نے DATALOG کی بنیاد رکھی، جو پاکستان کی پہلی سینسر بیسڈ کلاؤڈ سلوشنز کمپنی تھی۔ ان کی نگرانی میں تیار کیا گیا Award Winning پاکستانی پروڈکٹ “Data Logger 2016 – Any Sensor, Anywhere, Anytime” توانائی، ماحولیات اور پانی کے نظم و نسق کے شعبوں میں ایک سنگِ میل ثابت ہوا۔
2019 میں آپ نے PAF KIET کے ساتھ صنعتی شراکت دار کی حیثیت سے کم لاگت فضائی آلودگی مانیٹرنگ سسٹم کی تیاری پر HEC ریسرچ گرانٹ حاصل کی۔ مرحوم First Paramount Modaraba کے ڈائریکٹر بھی رہے۔
تعلیم اور رہنمائی کے شعبے میں بھی آپ کی خدمات نمایاں رہیں۔ آپ مختلف تعلیمی اداروں میں وزٹنگ فیکلٹی رہے، Ponder Alliance (انڈسٹری و اکیڈمیا تعاون کے لیے رضاکارانہ پلیٹ فارم) کے رکن رہے، جبکہ اسلامک ریسرچ اکیڈمی کراچی کے بورڈ آف ڈائریکٹرز کے رکن کی حیثیت سے بھی خدمات انجام دیتے رہے۔
مرحوم جناب ہمایوں قریشی کی زندگی علم، خدمت، جدت اور دیانت داری کی روشن مثال تھی۔
اللہ تعالیٰ مرحوم کو جنت الفردوس میں اعلیٰ مقام عطا فرمائے آمین۔

10/06/2026

We are pleased to announce that Mr. Atba Waheed Farooqui has been elected as an Independent Director on the board of Paramount Investment Limited.

Mr. Atba Waheed Farooqui is an accomplished business leader with over three decades of diversified experience in the chemical industry. He brings deep expertise in strategic leadership, business development, sales management, and corporate governance, acquired through senior leadership roles within leading multinational organizations.

He holds a Master of Science (MS) in Applied Chemistry from the University of Karachi, providing a strong technical foundation that complements his extensive commercial and managerial experience.

Currently, Mr. Farooqui serves as a Director at Atzaa Dispersion, where he oversees overall business operations, strategic direction, client engagement, and product development in the dispersion and colour solutions segment. Previously, he served in senior country-level leadership roles within multinational organizations, leading national operations and business development initiatives and driving growth across key industrial accounts.

Over the course of his career, he has held progressively responsible positions, including Country Head, Head of Business, Board Member, Sales Manager, and Country Sales Manager, with responsibilities encompassing profitability management, market expansion, strategic planning, nationwide sales operations, and board-level decision-making.

Mr. Farooqui’s extensive industry exposure, strategic insight, and leadership experience enable him to contribute effectively at the board level, supporting sound governance, sustainable growth, and long-term value creation.

10/06/2026

Declaration of Right Certificates

This is to inform you that the Board of Directors of Paramount Investments Limited (The Management Company of First Paramount Modaraba) in its meeting held on 09 June 2026 has approved the issuance of Right Certificates to the existing certificate holders of the Modaraba, subject to compliance with all applicable legal and regulatory requirements.

The proposed Right Issue comprises 6,894,210 ordinary Modaraba Certificates to be offered at an issue price of PKR 10 per certificate (at par value), aggregating PKR 68,942,100. The Right Issue shall be offered to the existing certificate holders in the ratio of one (1) Right Certificate for every two (2) ordinary certificates held, representing approximately 50% of the existing paid-up certificate capital of the Modaraba.

The dates of closure of the share/certificate transfer book, trading period for Letter of Rights, subscription period, and other relevant information shall be communicated in due course after finalization of the Offer Letter, in accordance with applicable laws, regulations, and PSX requirements.
https://dps.psx.com.pk/download/document/278369.pdf

10/06/2026

Acquisition of FPM AML I CFT Solution Business

In compliance with applicable regulatory requirements, it is submitted that First Paramount Modaraba has acquired a 60% ownership stake in the FPM AML I CFT Screening Solution Business (Both inside and outside Pakistan). The business has been independently valued at Rs. 334 million by an independent valuer.

Consequently, by acknowledging the transactions, the equity of the Modaraba has increased from Rs. 284,505,007 to Rs. 462,997,585. The structure of the underlying transaction and accounting treatment has been reviewed and certified by the External Auditors and the Shariah Advisor of the Modaraba. The same is communicated to the SECP also.

The move represents an important strategic step towards strengthening the Modaraba's footprint, in the regional and local market, at the fast-growing technology-enabled compliance sector. The management believes that the revised structure is expected to improve operational alignment and governance, create a stronger foundation for future expansion and growth opportunities, and support the Modaraba's long-term growth objectives and value creation initiatives for certificate holders.

09/05/2026

Senator Mushahid Hussain Syed addressing at Launching of A Consolidated "Collection of Speeches"
by Quaid-e-Azam Mohammad Ali Jinnah (1906–1948).

Organized by First Paramount Modaraba — an Islamic
Financial Institution.

08/05/2026

The Prophet Muhammad (ﷺ) said: "There is an hour on Friday and if a Muslim gets it while praying and asks something from Allah, then Allah will definitely meet his demand."

07/05/2026

You are cordially invited.

The Founder Voice — Launching of A Consolidated "Collection of Speeches"
by Quaid-e-Azam Mohammad Ali Jinnah (1906–1948).

In the honourable presence of:
— Senator Mushahid Hussain Syed
— Engr. Hafiz Naeem ur Rehman
— Dr Syed Jaffar Ahmed
— Engr. Naeem Ilyas Khanani

Saturday, 9 May | 02:30 PM onwards
Habitt City — City Talks Auditorium, Karachi

Organized by First Paramount Modaraba — an Islamic
Financial Institution.

07/05/2026

The Founder Voice
Launch of "A Consolidated Collection of Speeches" by Quaid-e-Azam Mohammad Ali Jinnah (1906–1948) — compiled under DEMP, Ministry of Information & Broadcasting, with Dr. Farooq Ahmad Dar (Editor-in-Chief) and researcher Hira Zia.
Honorable Guests:
🎙 Senator Mushahid Hussain Syed
🎙 Engr. Hafiz Naeem ur Rehman
🎙 Engr. Naeem Ilyas Khanani
📅 9 May, Saturday · 02:30 PM
📍 Habitt City, Karachi
Organized by First Paramount Modaraba.
Registration Link:
https://forms.gle/mVj4Bfk9ko5yPSpy9

06/05/2026

The Founder Voice

Launch of "A Consolidated Collection of Speeches" by Quaid-e-Azam Mohammad Ali Jinnah (1906–1948) — compiled under DEMP, Ministry of Information & Broadcasting, with Dr. Farooq Ahmad Dar (Editor-in-Chief) and researcher Hira Zia.

Honorable Guests:
🎙 Senator Mushahid Hussain Syed
🎙 Engr. Hafiz Naeem ur Rehman
🎙 Engr. Naeem Ilyas Khanani

📅 9 May, Saturday · 02:30 PM
📍 Habitt City, Karachi

Organized by First Paramount Modaraba.

Registration Link:
https://forms.gle/mVj4Bfk9ko5yPSpy9

Address

Suit No. 107-108, P. E. C. H. S. Community Office Complex, Block No. 2, P. E. C. H. S. Shahrah-e-Quaideen
Karachi

Opening Hours

Monday	09:00 - 17:30
Tuesday	09:00 - 17:30
Wednesday	09:00 - 17:30
Thursday	09:00 - 17:30
Friday	09:00 - 17:30

Telephone

(021) 34381037-8, 34381052, 34381101

Website

http://fpm.com.pk/

Alerts

Be the first to know and let us send you an email when First Paramount Modaraba posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to First Paramount Modaraba: