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Types of modaraba

(1) Modaraba may be of two descriptions:- (i) Multipurpose Modaraba. -That is to say a modaraba having more than one specific purpose or objective. (ii) Specific purpose Modaraba. -That is to say a modaraba having one specific purpose or objective. (2) A modaraba may be either for a fixed period or for an indefinite period. ...

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