CompliantCompliant since the review effective 2025-12-02
PSX-KMI All Share Islamic Index
Screening criteria
Debt Ratio (D/A)must be under 37%
29.57%Pass
Investment Ratio (NCInv/TA)must be under 33%
0.01%Pass
Income Ratio (NCInc/TR)must be under 5%
0.00%Pass
Illiquid Assets Ratio (IA/TA)must be at least 25%
72.40%Pass
Net Liquid Assets per Share vs Share Priceshare price must be at or above net liquid assets per share
—Pass
Status history
2026-06-05Compliantaccounts to 2025-12-31
2025-12-02Compliantaccounts to 2025-06-30
2025-06-10Not compliantaccounts to 2024-12-31
Ask Maalify about WAVES
Ask follow-up questions about this company's screening — in English or Roman Urdu.
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.