First Prudential Modaraba — Investor Relations & Filings

First Prudential Modaraba, now operating as Wasl Mobility Modaraba, is a non-bank finance company offering Islamic financial products. Its core activities include ijarah financing, musharika, and morabaha. The company specializes in mobility finance, providing leases for two and three-wheelers (internal combustion engine and electric variants) to retail customers and gig economy partners. Additionally, it offers receivables factoring and agri loans. Wasl Mobility Modaraba employs a risk-controlled, technology-driven credit model to disburse credit, primarily targeting micro and small businesses in sectors underserved by traditional finance, thereby enabling liquidity and fostering growth.