Karachi: Waves Corporation Limited has released its revised submission of mandatory Shariah disclosure for the six-month period that concluded on June 30, 2026. The report, dated October 19, 2026, outlines both standalone and consolidated figures, highlighting a substantial increase in Shariah compliant bank deposits and bank balances when compared to the previous period.

The standalone data reveals that the Shariah compliant bank deposits and balances soared from 39.55 million rupees as of December 31, 2025, to 1,155.82 million rupees by June 30, 2026. This reflects a very large or significant move in the company's financial positioning regarding Shariah compliant assets. Meanwhile, profit earned from these deposits also rose from 1.48 million rupees to 12.97 million rupees, further emphasizing the growth in this segment.

According to information available from the Pakistan Stock Exchange (PSX), Waves Corporation Limited also reported its consolidated financial figures. Shariah compliant bank deposits and balances increased from 55.76 million rupees at the end of 2025 to 1,162.95 million rupees by mid-2026, marking another very large or significant move. Additionally, the company reported a rise in Shariah compliant long-term financing from 339.32 million rupees to 502.77 million rupees, indicating a big move in their financing strategy.

The company maintains relationships with banks that operate Islamic windows, which facilitate these Shariah compliant financial activities. The report notes that while short-term financing was recorded at 196.94 million rupees at the end of 2025 in the consolidated data, it was nil by June 2026, signifying a shift in the company's financial management strategy.

This comprehensive disclosure provides a detailed view into the Shariah compliant financial activities and positions of Waves Corporation Limited, underscoring the significant changes in the company's financial landscape over the specified period.