Karachi: Mughal Energy Limited has submitted its Shariah disclosure for the quarter ending September 30, 2026, in alignment with the Pakistan Stock Exchange's (PSX) regulatory requirements. The disclosure was disseminated on October 29, 2026, ensuring compliance with Clause 5.6.9A.2 and Clause 5A.13(e)(ii) of the PSX Regulations, along with the Companies Act, 2017.
The company reported a significant focus on Shariah compliance, detailing its financial activities in the unaudited financial statements for the specified period. The disclosure was made available through the Pakistan Unified Corporate Action Reporting System (PUCARS) and included a comprehensive summary of the company's compliance strategy. According to information available from the Pakistan Stock Exchange (PSX), Mughal Energy Limited has adhered to the necessary provisions to meet the regulatory obligations.
The financial report indicates that the company has accrued a profit of 324,033,192 rupees from its Shariah-compliant business segment for the quarter ending September 30, 2026. There was a noteworthy increase in financing obtained via Islamic modes, with outstanding balances reported at 6.77 billion rupees, compared to 6.99 billion rupees as of June 30, 2026. The interest or mark-up accrued on conventional loans or advances was noted at 13,246,896 rupees, representing a very large move from the previous figure of 5,072,513 rupees.
On the assets side, Shariah-compliant bank deposits and balances increased to 127.53 million rupees from 105.33 million rupees as of June 30, 2026. The report further disclosed a minor move in profits earned from Shariah-compliant bank deposits, amounting to 529 rupees, down from 6,303 rupees in the previous quarter.
Additionally, the company maintained its relationship with Shariah-compliant financial institutions, including banks with Islamic windows and takaful operators, as part of its routine banking and trade transactions. The financial disclosure reiterates Mughal Energy Limited's commitment to full compliance with the regulatory framework and its dedication to transparent financial practices.