First Al-Noor Modaraba is engaged in financing and trading activities. It operates through the following segments: Trading, Financing, Investments, and Ijarah. The Trading segment imports and distributes rice. The Financing segment deals with financing in Musharakah, Diminishing Musharakah. and Musawamah. The Investements segment realized and unrealized gain on investments and dividend income. The Ijarah segment focuses on financing under the Ijarah. The company was founded on November 2, 1992 and is headquartered in Karachi, Pakistan.