Karachi: The Mahaana Islamic Index Exchange Traded Fund has reported substantial financial growth for the fiscal year ending June 30, 2026, according to its latest financial statements. The data, released from the fund's Board of Directors meeting, reflects a significant upsurge in both income and net assets compared to the previous year.
The income statement for the year reveals that total income surged to 279.89 million rupees from 68.38 million rupees in 2025, marking a very large or significant move. This increase was primarily driven by a notable rise in dividend income and realized gains on the sale of investments, which amounted to 30.69 million rupees and 47.02 million rupees, respectively. Unrealized gains on investments also contributed significantly, reaching 199.97 million rupees, up from 34.38 million rupees in the previous year.
Expenses for the year totaled 15.45 million rupees, compared to 2.53 million rupees in 2025, reflecting an increase in various operational costs, including remuneration for the management company and trustee, and legal and professional charges. Despite the rise in expenses, the net income from operating activities stood at 264.44 million rupees, a very large or significant move from 65.85 million rupees the previous year.
The fund's net income before taxation reached 532.41 million rupees, a very large or significant increase from 104.09 million rupees in 2025. Notably, the income was free of taxation, maintaining the same status as the previous year. According to information available from the Pakistan Stock Exchange (PSX), such performance places the Mahaana Islamic Index ETF in a robust position within its designated market category.
The statement of assets and liabilities as of June 30, 2026, indicates that total assets rose to 2.08 billion rupees, a very large or significant move from 355.25 million rupees in 2025. Investments accounted for 1.98 billion rupees of the total assets, reflecting a substantial increase from 343.36 million rupees the previous year. Liabilities for the period were recorded at 94.38 million rupees, up from 9.66 million rupees in 2025, resulting in net assets of 1.99 billion rupees, a very large or significant increase from 345.59 million rupees the previous year.
The number of units issued also saw a very large or significant move, with 115.19 million units in circulation compared to 25.86 million units the previous year. Consequently, the net asset value per unit rose to 17.23 rupees from 13.36 rupees.
Overall, the financial results for the Mahaana Islamic Index ETF for the year ending June 30, 2026, demonstrate a robust and upward financial trajectory, reflecting strong investment performance and effective management strategies.