Karachi: Atlas Battery Limited has released its mandatory Shariah Disclosures for the fiscal year ending June 30, 2026, adhering to the regulations set by the Pakistan Stock Exchange (PSX). The disclosures, outlined in compliance with PSX Regulations 5.6.9A and 5A.13(e), detail the company's financial activities and their alignment with Islamic principles.
According to the report, the company secured long-term finances under Islamic modes amounting to 1.38 billion rupees, compared to the previous year’s 1.00 billion rupees. The firm did not obtain any short-term finances under Islamic modes this year, a decrease from the 1.70 billion rupees in 2025. Running finances under mark-up arrangements saw a significant increase to 4.52 billion rupees from 1.35 billion rupees in the previous year, marking a very large or significant move.
Meanwhile, interest or mark-up accrued on conventional loans decreased to 29.10 million rupees from 108.38 million rupees, reflecting the company's efforts to align more closely with Shariah principles. Shariah-compliant bank balances increased to 127.89 million rupees from 90.25 million rupees in 2025.
Revenue generated from Shariah-compliant business segments totaled 34.92 billion rupees, a slight decrease from the previous year's 35.20 billion rupees, indicating a minor move. According to information available from the Pakistan Stock Exchange (PSX), profit paid on Islamic modes of financing also showed notable variations. Profit on long-term finances rose to 137.57 million rupees from 60.95 million rupees, while profit on short-term finances decreased to 68.75 million rupees from 83.59 million rupees. Running finances under mark-up arrangements saw a decline in profit paid, decreasing to 215.68 million rupees from 413.47 million rupees.
The company reported a Shariah-compliant income from scrap sales amounting to 26.79 million rupees, up from 23.11 million rupees in 2025. No gains were recorded on the disposal of operating fixed assets this year, as opposed to the 2.65 million rupees gain reported in the previous year.
Atlas Battery Limited maintains relationships with several Shariah-compliant financial institutions, including Meezan Bank Limited, National Bank of Pakistan Limited, Faysal Bank Limited, and MCB Islamic Bank Limited. The company has utilized various Islamic financing modes, such as Murabaha, Istisna, Running Musharakah, and Diminishing Musharakah, ensuring adherence to Shariah-compliant principles throughout the fiscal year. However, as of the reporting date, the company does not hold any investments in Shariah-compliant instruments like Sukuk or Islamic mutual funds.