Karachi: The board of directors of Sindh Modaraba Management Limited has given the green light for a substantial financial maneuver, approving the transfer of a Riba-free Subordinated Fund, valued at up to Rs. 1.00 billion, to Sindh Modaraba. The decision was finalized during a board meeting held on November 10, 2026. This development comes in alignment with the stipulations of Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the transfer of this significant fund is contingent upon the completion of requisite formalities. This strategic move is poised to bolster the financial framework of Sindh Modaraba, enhancing its capacity to engage in operations without the burden of interest-bearing liabilities.

This decision highlights the proactive measures being taken by Sindh Modaraba Management Limited to ensure sustainable financial growth and operational efficiency. The fund transfer underscores a commitment to maintaining a Riba-free financial structure, reflecting the company’s adherence to ethical financial principles.