A company’s latest Shariah compliance disclosure provides an overview of its financial activities, sources of income and relationships with Shariah-compliant banking institutions for the year ended June 30, 2026.
According to the disclosure, the company maintained Rs20 million in Shariah-compliant bank deposits, bank balances and TDRs, with the investment described as being made under a Shariah-permissible TDR arrangement.
Revenue from Shariah-Compliant Transactions
The disclosure shows that revenue earned from Shariah-compliant transactions amounted to Rs4.314 billion for the year ended June 30, 2026, compared with approximately Rs3.316 billion in the corresponding period of the previous year.
The company also reported Rs852,000 in profit from Shariah-compliant TDR arrangements, up from Rs631,000 in the previous year.
The disclosure further indicates that no profit was paid on Islamic-mode financing during the period.
Other Income Sources
The company reported several additional income streams. Exchange gain on a net basis amounted to Rs14.372 million, with the disclosure identifying it as income earned from Shariah-compliant transactions.
Income from the sale of scrap stood at Rs16.308 million, while sundry income contributed another Rs6.776 million during the period. Both were classified in the disclosure as income from Shariah-compliant transactions.
At the same time, the company reported Rs4.558 million in profit earned from conventional bank saving accounts, compared with Rs7.823 million in the previous year. The disclosure identifies this income as arising from non-Shariah-compliant transactions.
Banking Relationships
The disclosure identifies three institutions with which the company has an Islamic relationship. These are Meezan Bank Limited, BankIslami Pakistan Limited and The Bank of Punjab, with current accounts maintained with these institutions.
The company also stated that it does not engage a Takaful operator for insurance coverage. Instead, the relevant insurance policies are secured through conventional insurance arrangements.
Overall Disclosure
The filing provides investors and other stakeholders with a breakdown of the company’s financial activities from a Shariah-compliance perspective. It distinguishes between income generated through Shariah-compliant arrangements and income identified as arising from conventional financial activities.
The disclosure also highlights the company’s relationships with Islamic banking institutions and provides comparative figures for the previous year, offering a clearer view of changes in its sources of income and financial arrangements.
All monetary figures in the disclosure are presented in thousands of rupees.
