Karachi: First National Bank Modaraba has released its Shariah Compliant Disclosure as required by the Securities and Exchange Commission of Pakistan (SECP) under Schedule IV of the Companies Act 2017. The financial statement for the year ending December 31, 2025, reveals significant details about the entity’s assets and profit performance.

As of December 31, 2025, the bank’s assets include bank balances of 14,176,830 rupees, reflecting an increase from the previous year’s 8,927,313 rupees. Short term murabaha investments remained stable at 1,772,953 rupees. Notably, short term investments rose to 335.89 million rupees from 331.78 million rupees, marking a moderate move of 1.24%. Other components of the asset portfolio, such as ijarah rentals receivable and net investment in ijarah finance, remained unchanged at 11,804,532 rupees and 10,847,215 rupees, respectively. However, long term murabaha investments decreased to 4,673,581 rupees from 7,073,581 rupees, indicating a big move.

On the liabilities side, the statement shows no loans or advances under Islamic modes, while accrued profit on short term conventional financing has increased to 204.04 million rupees from 191.09 million rupees, a big move.

The statement of profit or loss and other comprehensive income highlights earnings from various Shariah-compliant avenues. Profit from bank balances recorded a decrease to 189,838 rupees from 205,230 rupees. Profits from term deposit certificates fell to 16,168,767 rupees from 23,871,164 rupees, and sukuks saw a substantial drop to 351,720 rupees from 1,224,423 rupees, a very large move.

According to information available from the Pakistan Stock Exchange (PSX), First National Bank Modaraba recorded a reversal of provision charged for doubtful receivables amounting to 461,867 rupees. Additionally, suspension reversals during the period increased to 2,944,084 rupees from 2,655,903 rupees. There were no mark-ups paid on Islamic modes of financing, and the statement lists no gains, losses, dividends, or exchange gains or losses. Previously recorded scrap sales of 24,741 rupees were not repeated in the current period.

The entity’s financial disclosures underscore its adherence to Shariah principles and provide transparency as mandated by regulatory authorities.