Karachi: First Al-Noor Modaraba, an Islamic financial institution, published its first quarterly report for the fiscal year 2023-24, revealing the details of its financial performance as of September 30, 2024. The institution emphasized its commitment to adhering to Islamic financial principles while continuing to grow its portfolio of services and customer base.

According to information available from the Pakistan Stock Exchange (PSX), the report provides an in-depth look at the company's financial health, including assets, liabilities, revenue, and expenditures. Managed under the guidance of Chairman Mr. Zia Zakaria and Chief Executive Mr. Zainuddin Aziz, First Al-Noor Modaraba has shown resilience in a competitive market, leveraging its robust management team and comprehensive Shariah-compliant financial solutions.

The report was audited by Grant Thornton Anjum Rahman, ensuring compliance with the highest standards of financial reporting and transparency. The institution's banking operations are supported by several major banks offering Islamic banking services, including Al-Baraka Bank, Faysal Bank, and Meezan Bank, among others.

First Al-Noor Modaraba’s commitment to corporate governance and adherence to Islamic financial regulations is evident in its detailed quarterly disclosures, aimed at providing stakeholders with a clear view of its operational achievements and financial standing.