CompliantCompliant since the review effective 2025-06-10
KMI-30PSX-KMI All Share Islamic Index
Screening criteria
Debt Ratio (D/A)must be under 37%
18.84%Pass
Investment Ratio (NCInv/TA)must be under 33%
42.35%Fail
Income Ratio (NCInc/TR)must be under 5%
7.16%Fail
Illiquid Assets Ratio (IA/TA)must be at least 25%
37.34%Pass
Net Liquid Assets per Share vs Share Priceshare price must be at or above net liquid assets per share
Rs 221.38 vs Rs 71.91Pass
Above the limit, but still compliant. The Shariah board granted an exception here, so the ratio alone does not decide the verdict. Their note is quoted below.
Shariah board notes
* These are provisional rates for dividend purification, which are subject to final adjustment upon announcement of respective companies' annual accounts for the year 2025/2026
# Due to circular debt non-compliant investment and non-compliant income ratio is exceeding the approved threshold of ratio, therefore exception is given over non-compliant investment and non-compliant income ratio. Further due to circular debt the share of profit from associates (CPHGC & TNPTL) has been adjusted upto the extent of non-compliant income ratio of these associated companies and late payment interest (LPI) earned has also been adjusted with LPI paid by HUBC.
Status history
2026-06-05Compliantaccounts to 2025-12-31
2025-12-02Compliantaccounts to 2025-06-30
2025-06-10Compliantaccounts to 2024-12-31
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Maalify explains the official PSX screening. It does not issue Shariah rulings, and this is educational information (maloomat), not investment advice (mashwara nahi).
Pakistan Stock Exchange, screened by the Shariah Supervisory Board of the KMI index partner (Meezan Bank). Maalify does not issue its own compliance rulings.
Status is as of the review using accounts to 2025-12-31, effective 2026-06-05. It can change at the next semi-annual review, expected December 2026.