Karachi: Orient Rental Modaraba has disclosed its financial performance for the fiscal year ending June 30, 2026, emphasizing its adherence to Shariah-compliant financial practices. The report, released on October 16, 2026, highlights both asset and liability aspects in line with the regulations set forth by the Companies Act, 2017.
On the liability side, Orient Rental Modaraba's diminishing musharaka financing increased to 551.24 million rupees, from 521.32 million rupees the previous year. The running musharaka facility, which stood at 50 million rupees in 2025, was completely settled by the end of 2026, reflecting the entity's strategic financial management.
In terms of assets, the company reported a significant rise in Shariah-compliant bank deposits, bank balances, and term deposit receipts (TDRs), which grew to 353.18 million rupees from 194.20 million rupees in 2025. This indicates a robust financial strategy focused on maintaining liquidity within Shariah guidelines.
Revenue generated from Shariah-compliant business segments reached 2.49 billion rupees, marking a very large or significant move compared to the previous year's 2.46 billion rupees. The profit earned from Shariah-compliant bank deposits, bank balances, or TDRs also saw a big move, increasing to 18.05 million rupees from 15.12 million rupees in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), the exchange gain from actual currency transactions amounted to 396,721 rupees, showcasing a recovery from a loss of 329,257 rupees reported in 2025. The profit paid on Islamic modes of financing decreased to 73.54 million rupees, down from 99.45 million rupees, indicating a moderate move in financial obligations.
The financial disclosures also detailed Shariah-compliant income sources, including a gain of 9.38 million rupees from the disposal of tangible assets and a 532,735 rupees processing fee against diminishing musharaka financing. No non-Shariah compliant income was reported, underscoring the entity's commitment to Islamic financial principles.
Orient Rental Modaraba has cultivated relationships with several Shariah-compliant financial institutions, such as Bank Islami Pakistan Limited, Meezan Bank Limited, and Jubilee General Insurance Company Limited - Jubilee General Takaful, among others. These partnerships facilitate its operations within the Islamic financial framework.
The report offers insights into Orient Rental Modaraba's financial health and adherence to Shariah law, reflecting its strategic direction and commitment to ethical financial practices.