Karachi: IGI Life Insurance Limited has released its financial disclosures for the period ending December 31, 2025, highlighting its commitment to Shariah compliance. The data, submitted on May 4, 2026, provides insights into the company’s financial position and operations as they pertain to Islamic financial principles.
The disclosures reveal that as of December 31, 2025, IGI Life Insurance had no short-term financing obtained via Islamic modes, a significant change from June 30, 2025, when it stood at Rs 74,002,000. The mark-up accrued on Islamic loans also saw a reduction, dropping to zero from Rs 878,000 during the same period.
On the asset side, the company reported Shariah-compliant bank balances of Rs 6,832,000 as of December 31, 2025, compared to Rs 22,715,000 as of June 30, 2025.
Focusing on the company’s income statements, revenue generated from Shariah-compliant business segments amounted to Rs 184.17 million for the year ending December 31, 2025, a very large or significant move from Rs 769.16 million in the previous year. Profit earned from Shariah-compliant bank balances stood at Rs 17,000, slightly down from Rs 21,000 the previous year.
The company also reported an exchange gain of Rs 26,000 for the period ending December 31, 2025, a reversal from an exchange loss of Rs 77,000 in the prior period. Profit paid on Islamic financing saw a moderate move, decreasing to Rs 4.96 million from Rs 11.75 million.
In terms of income categories, liabilities no longer payable, written back under Shariah compliance, contributed Rs 15.19 million to the income statement for the period ending December 31, 2025. Meanwhile, Shariah non-compliant income, specifically returns on term deposit receipts, was recorded at Rs 1.02 million, down from Rs 2.21 million in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the financial disclosures underscore IGI Life Insurance’s ongoing collaboration with Shariah-compliant financial institutions, including partnerships with major Islamic banks such as Habib Bank Limited, Al Baraka Bank Pakistan Limited, Habib Metropolitan Bank, and Meezan Bank Limited. These relationships are pivotal in maintaining the company’s adherence to Islamic financial norms.
The financial data reflects IGI Life Insurance’s strategic focus on Shariah-compliant financial practices, aligning with its broader objectives in the designated market of financial services.