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In 1991, Modaraba
Al-Tijarah was established by a group of experienced bankers and
businessmen to undertake trading, morabaha, musharika and lease
financing business on the principles of Islamic Sharia.
In May 2004, The Management of JS Finance
Limited [Formerly Al-Mal Corporation Limited] management of Company
of Modaraba Al-Tijarah, was taken over by
Mr. Jahangir Siddiqui. Presently 75% holding in JS Finance Limited
is in the name of Mr. Jahangir Siddiqui, while DCD Investment
Limited, a DCD Group Company, holds remaining 25%.
Modaraba Al-Tijarah is
multipurpose, perpetual Modaraba and engaged in the business of
trading and manufacturing on its own account providing Musharika,
Murabaha finances, purchase and sale of securities and other related
business. Modaraba is planning to change its core activity to large
ticket lease business.
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