First Equity Modaraba (FEM)First Equity Modaraba (FEM) is managed by Premier Financial Services
(Private) Limited, derives its board from the Crescent Group, with direct
involvement in more than twenty business sectors. This cross-sectoral
expertise, enhanced by other linkages, is an invaluable base for
informed decision making. FEM's professional management draws on this
unique resource to make optimal use of its charter to undertake trading,
manufacturing and capital market operations, their financing and
facilitation.
Islamic Finance and FacilitationFirst Equity Modaraba was floated in end 1991 as a multipurpose and
perpetual closed-end fund. FEM can undertake variety of fund and fee based
activities including Morabaha, Musharika, trading, manufacturing,
equity investment, fee and commission and other activities not against the
injunction of Islam.
Islamic BrokerageFirst Equity Modaraba (FEM) is the first in the Modarabas operating in
Pakistan who acquired the membership of all the three stock exchanges of
Pakistan to undertake the brokerage business.On August 21, 2002, the
Securities and Exchange Commision of Pakistan (SECP) has granted the
license to FEM to carry out stock exchange transactions. Thereafter,
from September 2002 FEM commenced full-fledged brokerage operation from
the Karachi Stock Exchange.During this period FEM developed a good
clientele of corporate and individual clients.
