KASB Modaraba is a multipurpose, perpetual and multi dimensional Modaraba, floated as First Mehran Modaraba  in October 1990 under the Modaraba Companies and Modaraba (Flotation and Control) Ordinance, 1980. Its name was changed to KASB Modaraba after its acquisition by KASB Group in 2007. It is managed by KASB Modaraba Management (Private) Limited, which is a subsidiary of KASB Bank Limited. 

The main lines of business of the Modaraba are Ijarah, Musharaka, Murabaha and Modaraba Transactions & Capital Market operations. The Modaraba commenced its business on October 22, 1990, with a paid-up capital of Rs. 50 million, which increased to Rs. 83.160 million mainly through issue of stock dividend. During the year 2008, the Modaraba strengthened its equity base through a right issue of 199.58 million. Its paid-up capital accordingly increased from Rs. 83.160 million to Rs. 282.744 million.

KASB Modaraba is an Islamic Financial Institution extending financial facilities to its customers on Islamic principles of Shariah, and working under the supervision of the Religious Board of the Securities and Exchange Commission of Pakistan .The Modaraba is listed on Karachi and Lahore Stock Exchanges.

Vision and Mission

"Partnering Success"

- Vision
We visualize creating an institution, where customers intending to pursue business aspirations within the confines of Islamic law are offered a Platform to do so.

- Mission
To move into the league of Islamic Banks, in terms of size, quality of operations & product sophistication, while raising stakeholders value with in the just priciples of Islamic law.