During the year ended 30th June, 2008, the total assets of
the Modaraba Sector increased from Rs.26,009 million to Rs.29,231
million depicting an increase of Rs.3,272 million i.e 12.58
percent increase over the last year. Profitability of the
sector have been increased by Rs. 213 million and stood at
Rs.962 million showing an increase of 28.44% over the last
year.
Out of 24 operative modarabas, 18 modarabas have paid cash
dividend between the range of 2.5% to 40% and two modarabas
have declared bonus to the certificate holders. Last year
Modaraba Association of Pakistan (MAP) took positive measures
to review and redraft the existing model agreements and also
worked to introduce new products so that the sector may grow
in future. Al-Hamdulillah, MAP has been successful in getting
approved from the Religious Board twelve products in the month
of March, 2008. This will provide a level playing field to
the members of the modaraba sector to diversify their activities
by undertaking these new products.
Key indicators of the Modaraba sector for the last five years
are as under:
TRENDS
OF AGGREGATE INDICATORS
The trend of sector aggregate indicators
for the last five years are given below:
