Karachi: Al-Hilal Shariah Advisors (Pvt.) Limited has declared Crestwell Healthcare Limited, formerly known as S.G Power Limited, to be Shariah compliant. This assessment follows a comprehensive review of the company's unaudited financial statement for the period ending September 30, 2026. The evaluation was undertaken in accordance with Shariah screening criteria sanctioned by the Securities and Exchange Commission of Pakistan (SECP).

The report, dated November 10, 2026, highlights a noteworthy shift in Crestwell Healthcare Limited's primary business operations from power generation to the manufacturing, marketing, and distribution of pharmaceutical products. Despite the company's Illiquid Assets to Total Assets ratio not aligning with the prescribed threshold, an exception has been granted by the Shariah Supervisory Council. This relaxation in criteria was considered appropriate due to the company's recent change in its core business line.

According to information available from the Pakistan Stock Exchange (PSX), the Shariah compliance certification permits investments in Crestwell Healthcare Limited shares without any identified contraventions. The compliance review was strictly conducted based on Shariah Screening Criteria by Al-Hilal Shariah Advisors, consistent with SECP guidelines. The evaluation reflects the independent professional judgment of Al-Hilal Shariah Advisors, based on financial data and public disclosures.

The report clarifies that the Shariah classification is intended for informational purposes and internal decision-making, and it does not constitute an official endorsement or directive from the SECP.