Karachi: Rupali Polyester Limited has issued its mandatory Shariah compliance disclosure for the fiscal year ending June 30, 2026, in alignment with the requirements set forth by the Pakistan Stock Exchange (PSX) and the Companies Act, 2017. The report, dated October 8, 2026, provides detailed insights into the company’s financial activities concerning Islamic financial principles.
The report reveals that Rupali Polyester Limited had no long-term financing under Islamic modes for the years 2025 and 2026. However, the company utilized short-term Islamic financing amounting to 274 million rupees in 2026, a decrease from the previous year's 281 million rupees. Mark-up accrued on conventional loans slightly decreased from 78.31 million rupees in 2025 to 76.79 million rupees in 2026, indicating a minor move.
According to the financial statements, Rupali Polyester Limited maintained Shariah-compliant bank balances, with the current account holding 73,000 rupees and the savings account decreasing significantly from 120.95 million rupees in 2025 to 2.19 million rupees in 2026. There were no Shariah-compliant long-term or short-term investments reported.
The company paid 30.88 million rupees in mark-up on Islamic financing in 2026, down from 36.97 million rupees in the previous year, marking a moderate move. Despite efforts to adhere to Shariah principles, the report indicates no revenue earned from Shariah-compliant business activities. Additionally, there were no gains or dividends from Shariah-compliant investments, nor any exchange gains from currency or conventional derivative financial instruments reported.
In terms of non-Shariah compliant transactions, Rupali Polyester Limited earned interest income from banks totaling 5.69 million rupees in 2026, down from 10.26 million rupees in 2025, reflecting a significant move. Interest paid on conventional loans also decreased from 399.21 million rupees in 2025 to 300.67 million rupees in 2026.
The company maintains financial relationships with Faysal Bank Limited, providing FB/NFB facilities, and Meezan Bank Limited, where it holds bank balances.
According to information available from the Pakistan Stock Exchange (PSX), these disclosures are part of a broader regulatory requirement to ensure corporate transparency and adherence to financial practices aligned with Islamic laws. This move is seen as part of Rupali Polyester Limited's ongoing commitment to compliance with both domestic regulations and international Shariah standards.