Dewan Salman Fibre Limited Releases Shariah Disclosure Report Amid Big Moves in Exchange Gains

Karachi: Dewan Salman Fibre Limited has released its Shariah compliance disclosure report for the fiscal year 2026, as mandated under the Companies Act, 2017. The report, dated November 10, 2026, details the company's financial performance and its adherence to both conventional and Shariah-compliant financial practices.

In the 2026 fiscal period, the company's long-term secured loans were reported at 7.01 billion rupees. Additionally, short-term borrowings were consistent with the previous year, remaining at 13.77 billion rupees. Bank balances in Shariah-compliant accounts stood at 4,960,000 rupees, while conventional accounts held 16,995,000 rupees.

Notably, Dewan Salman Fibre Limited reported a significant exchange gain of 105.10 million rupees on foreign currency transactions in the conventional segment. The report highlighted a contrasting exchange loss of 128.97 million rupees on the Shariah-compliant side. This exchange gain represents a very large or significant move compared to the prior year's results.

According to information available from the Pakistan Stock Exchange (PSX), the company's other income in 2025 included 513,000 rupees, with gains on the disposal of fixed assets at 1,480,000 rupees. Shariah-compliant operations saw a reversal of provision for doubtful debt amounting to 10.26 million rupees, compared to 25.28 million rupees in the previous year.

Rental income from warehouse operations for the Shariah-compliant segment was 76.42 million rupees, up from 69.88 million rupees in 2025. The company maintains relationships with several Shariah-compliant financial institutions, including Al Baraka Islamic Investment Bank Limited, Bank Islami Pakistan Limited, Faysal Bank Limited, and Meezan Bank Limited, primarily through Morabaha financing and current account arrangements.

Dewan Salman Fibre Limited's disclosure provides stakeholders with a comprehensive view of its commitment to both conventional and Shariah-compliant financial practices, reinforcing its strategic position in the market.