{"id":239,"date":"2026-05-14T21:57:19","date_gmt":"2026-05-14T21:57:19","guid":{"rendered":"https:\/\/finance.brands.pk\/?p=239"},"modified":"2026-06-05T21:59:50","modified_gmt":"2026-06-05T21:59:50","slug":"supernet-technologies-receives-shariah-compliance-certification","status":"publish","type":"post","link":"https:\/\/finance.brands.pk\/?p=239","title":{"rendered":"Supernet Technologies Receives Shariah Compliance Certification"},"content":{"rendered":"<p><strong>Karachi, May 14, 2026<\/strong> \u2014 Supernet Technologies Limited (STL) has announced that it has successfully obtained a Shariah Compliance Certificate following a comprehensive screening conducted by Al-Hilal Shariah Advisors (Private) Limited.<\/p>\n<p>The certification is based on the company&#8217;s Condensed Interim Financial Position as of <strong>March 31, 2026<\/strong>, and confirms that investment in the shares of Supernet Technologies Limited is considered Shariah compliant. The assessment was carried out in accordance with the Shariah screening criteria approved by Al-Hilal Shariah Advisors&#8217; Shariah Supervisory Council and aligned with the standards prescribed by the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX).<\/p>\n<p>According to the certification, Al-Hilal Shariah Advisors conducted a detailed review of the company&#8217;s financial statements and publicly available disclosures. Following its independent evaluation, the advisory firm concluded that no evidence was found that would compromise the company&#8217;s Shariah-compliant status.<\/p>\n<p>The review noted that while the company&#8217;s illiquid assets-to-total-assets ratio did not fully meet the standard benchmark under SECP&#8217;s Shariah screening criteria, consideration was given to the predominantly service-oriented and asset-light nature of Supernet Technologies&#8217; business model. Based on a thorough assessment by the Shariah Supervisory Council, a permissible relaxation was applied within the framework allowed by SECP guidelines.<\/p>\n<p>As a result, the Council resolved that investment in the shares of Supernet Technologies Limited remains permissible under Shariah principles.<\/p>\n<p>The company formally disclosed this development to the Pakistan Stock Exchange under the applicable regulatory requirements, highlighting its commitment to transparency, corporate governance, and providing investment opportunities that align with Islamic financial principles.<\/p>\n<p>This certification reinforces Supernet Technologies&#8217; position among companies seeking to meet the growing demand for Shariah-compliant investment opportunities in Pakistan&#8217;s capital markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi, May 14, 2026 \u2014 Supernet Technologies Limited (STL) has announced that it has successfully obtained a Shariah Compliance Certificate following a comprehensive screening conducted by Al-Hilal Shariah Advisors (Private) Limited. The certification is based on the company&#8217;s Condensed Interim Financial Position as of March 31, 2026, and confirms that investment in the shares of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[103],"tags":[49],"class_list":["post-239","post","type-post","status-publish","format-standard","hentry","category-supernet-technologies-limited-stl-psx","tag-material-information","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239"}],"version-history":[{"count":1,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/239\/revisions"}],"predecessor-version":[{"id":240,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/239\/revisions\/240"}],"wp:attachment":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}