HISTORY UDL Group began its operation several generations ago in 1887 and became distributors of W.D & H.O. Wills cigarettes in undivided India, to begin with. After partition of the sub-continent, several offices were established
in major cities of Pakistan.Over decades since 1947, many multinationals and large Pakistani companies have held business relationships with the group. In the early 90’s the ownership and management of the group was divided into two
sub-groups, within the family and once again in 2010. This part of the UDL Group is currently engaged into Islamic financing activities . First UDL Modaraba was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and
Control) Ordinance, 1980, having its registered office at Ist floor,Business Enclave ,77-C,12th Commercial Street off Khe Ittehad Road DHA Phase 2 Ext Karachi. The Modaraba is listed on Pakistan Stock Exchange (PSX).
The the Modaraba is engaged in providing Islamic financing to other business entities in the country. Finance Division is engaged in providing finance on Murabaha and Musharaka arrangements, ijara, commodity trading and trading in listed and non-interest
bearing securities. Performance wise, the Modaraba is amongst the top five in its category of financial activities, in the country.
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