Our Vision

Islamic Microfinance

About Us

First Islamic Microfinance Company Limited incorporated in 2024 under the laws of Islamic Republic of Pakistan, commence its Shariah based microfinance activities to uplift less privileged people.

Ijarah

Ijarah is a lease financing agreement in Islamic finance where a bank purchases an asset for a customer and then leases it back to them.

Modaraba

Modaraba, also known as mudarabah, is an Islamic financing technique that involves a profit-sharing partnership between an investor and a manager.

Salam

In Islamic finance, a salam is a contract in which a buyer pays for goods in advance, and the seller delivers them at a later date. It is a type of forward sale contract and one of the oldest and most common sales contracts in Islamic finance.

Diminishing Musharaka

A financing arrangement where a customer and a bank jointly own an asset, such as a property, equipment, or business. The bank's share is divided into units, which the customer purchases over time until they become the sole owner.

Murabaha

Murabaha is a sales contract and Islamic financing method that allows a buyer to purchase an item by agreeing to a fixed price that includes a predetermined profit margin.

WHAT IS ISLAMIC MICROFINANCE?

Islamic microfinance is a system of financial transactions that provides banking services to low-income people. It's based on Islamic finance principles, which are derived from the Islamic Shariah.

We aim to contribute and expand our scope of deliverables in the microfinance sector of Pakistan and public financial independent and uplift them for better growth opportunities.

First Islamic Microfinance Company Limited is the first microfinance company of Pakistan which exercise its financing activities based on true principles of Shariah Compliance by providing savings, credit, insurance and other services. 

OUR TEAM

Mr. Saqib Ahmed Ansari (Chairman)

First Islamic Microfinance Company Limited is a system based on Shairah Compliance.

Mr. G. M. Shahid (CEO)

"We believe in delivering the quality microfinance services to our valuable users so they upgrade their lives and contribute to the economic structure of Pakistan. We honor our people attached with our prestigious organization with ultimate client satisfaction."

On the occasion of the launch of our 'First Islamic Microfinance Company Limited', approved by the Securities and Exchange Commission of Pakistan, we are proud to introduce our mission. Our primary objective is to empower the underprivileged segments of our society, enabling them to achieve financial stability. Our Shariah-compliant financial institution will offer innovative, easily accessible products that cater to the needs of our target markets. We aim to penetrate the market and make a meaningful impact on the lives of small and medium-sized enterprises (SMEs), vendors, women entrepreneurs, agriculturists, and traders. Through our advisory services, we are committed to supporting these groups, fostering financial inclusion, and contributing to the overall economic growth of our country. In today's era of rapid modernization and digitization, fueled by advancements in nanotechnology, our institution is poised for transformation. We will strategically align ourselves with these emerging technologies to stay ahead of the curve, drive innovation, and enhance our services. I wish you all great success in their endeavor.

Mr. Mufti Zahid Siraj (Shariah Advisor)

Mufti Zahid Siraj have vast exposure and grip on the Islamic based Shariah Compliance business.

BOARD OF DIRECTORS

• Mr. Saqib Ahmed Ansari

• Mr. G. M. Shahid

• Mrs. Anum Saqib

• Mr. Farhan Haider

• Ms. Fazila Noreen

• Mr. Furqan Ul Karim

• Mr. Muhammad Moin