HomeChatShariah TrackerAbout
LoginSign Up
Back to the tracker

First Treet Manufacturing Modaraba

FTMM · MODARABAS

CompliantCompliant since the review effective 2025-06-10
PSX-KMI All Share Islamic Index

Screening criteria

  • Debt Ratio (D/A)must be under 37%
    —Not published
  • Investment Ratio (NCInv/TA)must be under 33%
    —Not published
  • Income Ratio (NCInc/TR)must be under 5%
    —Not published
  • Illiquid Assets Ratio (IA/TA)must be at least 25%
    22.72%Fail
  • Net Liquid Assets per Share vs Share Priceshare price must be at or above net liquid assets per share
    Rs 20.14 vs Rs 9.63Pass

Shariah board notes

** Only illiquid Assets to Total Assets and Net Liquid Asset ratios calculated of all Islamic Financial Institutions ^ These are considered as Compliant and relaxation is provided over illiquid assets to Total Assets ratio and/or Net Liquid Asset per share as per the guidance available in AAOIFI's Shariah standard no. 59, Sale of Debt.

Status history

  1. 2026-06-05Compliantaccounts to 2025-12-31
  2. 2025-12-02Compliantaccounts to 2025-06-30
  3. 2025-06-10Compliantaccounts to 2024-12-31

Pakistan Stock Exchange, screened by the Shariah Supervisory Board of the KMI index partner (Meezan Bank). Maalify does not issue its own compliance rulings.

Status is as of the review using accounts to 2025-12-31, effective 2026-06-05. It can change at the next semi-annual review, expected December 2026.

Source document: official PSX notice (PDF)

Educational information only — not investment advice.

Ask Maalify about FTMM

Ask follow-up questions about this company's screening — in English or Roman Urdu.

Maalify explains the official PSX screening. It does not issue Shariah rulings, and this is educational information (maloomat), not investment advice (mashwara nahi).