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