Lahore: Waves Home Appliances Limited has submitted a revised mandatory Shariah disclosure for the six-month period ending June 30, 2026, revealing significant financial adjustments in line with Shariah principles. The update, dated October 19, 2026, highlights notable changes in both bank balances and financing arrangements over the period.

According to information available from the Pakistan Stock Exchange (PSX), Waves Home Appliances Limited reported a decrease in Shariah compliant bank deposits from 16,212,000 rupees as of December 31, 2025, to 7,131,000 rupees as of June 30, 2026. The revised disclosure indicates that the company experienced a significant move in its bank balances.

In terms of financing, the company reported no Shariah compliant short-term financing by the end of June 2026, down from 196,940,000 rupees in December 2025. This reflects a very large or significant move in the short-term financing category. Meanwhile, Shariah compliant long-term financing increased from 339,322,000 rupees to 502,774,000 rupees over the same period, marking a significant move in the company's financial strategy.

Waves Home Appliances Limited noted that it maintains relationships with banks that have Islamic windows of operations, facilitating the management of bank balances and borrowing facilities in accordance with Shariah principles. The company, however, did not report any profit earned from Shariah compliant bank deposits during the period under review.

The updated figures provide insight into the company's financial maneuvers and adherence to Islamic finance principles as stipulated under Clause VII of Part I of Schedule IV of the Companies Act, 2017.