Allied Rental Modaraba
The Modaraba has commenced its business operations on January 10th, 2007 with equity of Rs 600 million. The primary business of Allied Rental Modaraba is to engage in the Rental business by managing the rental fleet of equipment’s comprising Power Generation Equipment, Material Handling Equipment’s and Construction related machinery. Modaraba provides rental services across Pakistan through the facilities of its sponsors located in Karachi , Lahore , Islamabad , Multan , Faisalabad , Peshawar and Quetta . Modaraba has commenced its business with a vast clientele network that it has inherited from its sponsor’s already established Rental business.
The business model of Allied Rental Modaraba is of pure Ijarah in Islamic terminology, where the equipment is given on rent for any period ranging from days, weeks or months and all the costs related of installation, operation and maintenance (except Fuel) is totally borne by the Modaraba.
The equipment given on rent returns back to the Modaraba for re-servicing to make it ready for next deployment.. The Modaraba is primarily catering to the customer’s short to medium term needs for the use of the equipment without any capital commitments.
The main business of the Modaraba is to sell equipment utilization and associated services rather than the equipment itself.
Another ancillary business line of the Modaraba is to provide outsourcing solution to the customers for operating and maintaining their Power plants by providing the required skilled manpower for 24/7 operation with professional excellence.
Allied Rental Modaraba comprise of team of experienced professionals committed to deliver value for its certificate holders by continuing to be a market leader in its business segment.
