Karachi: Altern Energy Limited has released a clarification regarding its Shariah disclosure requirements, as stipulated under clauses 5.6.9A and 5A.13(g) of the applicable regulations. The company provided detailed information about its financial activities, focusing on compliance with Shariah principles.
According to the un-audited financial results for the six-month period ending December 31, 2025, and the audited results for June 30, 2025, Altern Energy Limited has outlined its financial disclosures. The company reported short-term Shariah-compliant investments at 50,000 rupees as of December 31, 2025, while Shariah-compliant bank balances were recorded at 141,000 rupees, a moderate move from the 144.83 million rupees reported in June 2025.
The company’s revenue earned from Shariah-compliant business activities amounted to 34,225,000 rupees for the six-month period ending December 31, 2025. Additionally, the gain and dividend from Shariah-compliant investments showed a significant move, decreasing to 2,000 rupees from 3.014 million rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Altern Energy Limited does not engage in Shariah non-permissible business activities as its core business. The company confirmed that no financing, whether long-term, short-term, or lease, has been obtained through Islamic modes, nor has any interest or markup been accrued on conventional loans or advances.
The company emphasized that its financial position remained aligned with Shariah compliance, showcasing its commitment to ethical and religious financial practices. As of the latest reporting period, no profit was earned from Shariah-compliant bank balances, and no exchange gains were realized using conventional derivative financial instruments.
Altern Energy Limited’s clarification provides stakeholders with transparency regarding its adherence to Shariah principles, as it continues to navigate the financial landscape in compliance with regulatory requirements.