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          <h2 class="primary-color">Modaraba Al-Mali</h2> 
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          Modaraba Al-Mali (PSX Ticker Symbol: MODAM) is a multipurpose and perpetual Modaraba floated on July 8, 1987. It is being managed by AssetPlex Modaraba Management Limited (AMML), previously BankIslami Modaraba Investments Limited (BIMIL).     
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          <h2 class="primary-color"> Modaraba Management Company</h2> 
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          AssetPlex Modaraba Management Limited (AMML) is the Modaraba Company for Modaraba Al-Mali. The Company also has approved prospectuses for the launch of three more Modarabas, namely; Modaraba Al-Souk, Modaraba Al-Tameer and Modaraba Al-Makatib. The Securities & Exchange Commission of Pakistan (SECP) has allowed the extension in the floatation of these Modarabas till Jun 30<sup>th</sup>, 2022.        
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         AMML was previously known as BankIslami Modaraba Investments Limited (BIMIL), which was originally incorporated as JS Finance Limited during Jan, 1986.
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         JS Finance obtained the registration as a Modaraba Management Company during March 1986. The prominent shareholders of JS Finance included the DCD Investments of UK and Jahangir Sidfiqui & Co (JS&Co).
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         In Jul 2007, BankIslami Pakistan Limited (BPL) acquired 100% shareholding of JS Finance. BPL itself was a joint venture between Dubai Bank, DCD Group of UK and JS&Co of Pakistan. After this acquisition, the management company was renamed as BankIslami Modaraba Investments Limited (BIMIL).
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         In May 2021, BIMIL was acquired by the two new prominent sponsors representing Pakistan's largest producers of Medical & Industrial Gases and Glass Tubes & Ampoules, having foundational underpinnings and faith in Islamic Finance.
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          <h2 > Refocused Business Objectives of MODAM</h2> 
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          After acquisition, the new sponsors of Modaraba Al-Mali, have discontinued the Islamic financing products, and have also decided to divest from its existing investments.
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           The focus of the Modaraba has now been changed to Islamic Venture Capital/Private Equity transactions and Restructuring/Rehabilitation of the businesses/companies having the potential for revival through financial resource mobilization and entrepreneurial leadership. Besides, the Modaraba shall also invest its capital in other capital market transactions and for acquiring, operating and developing the real estate assets. 
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