Karachi: Modaraba as a financial institution is playing a key role in the expansion of Islamic investment, Islamic mode of banking and finance is most popular in the world now. The main reason laying behind of its popularity is its interest free mode.
This was told by the renowned religious scholar Mufti Muneeb-ur-Rehman in Umra ticket balloting ceremony of KASB Modaraba. The balloting was held on the advice of Syed Nasir Ali shah Chairman KASB Modaraba.
Rashid Kamal Siddiqui Chief Executive KASB Modaraba also addressed on the occasion. He said KASB Modaraba is promoting awareness and facilitating people in the field of Islamic financial system.
Mahmood Ali Shah Bukhari said that KASB Modaraba is an Islamic Financial Institution extending financial facilities to its customers on Islamic principles of Shariah. Farrukh Ansari Director of the Company was also present.