MISIL/Shariah/3rd QTR/2026 April 30, 2026
The General ManagerPakistan Stock Exchange Limited, Stock Exchange Road,
Karachi.
By PUCAR & Courier
Subject: SUBMISSION OF SHARIAH DISCLOSURE FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026Dear Sir,
In accordance with the requirements of Clause 5.6.9A of the PSX Regulations, it is hereby conveyed, that the requisite Shariah Disclosure have been transmitted as part of the Quarterly Financial Statements for the period ended March 31, 2026.
The same Shariah Disclosure is also attached herewith for your reference
Yours Sincerely
for MUGHAL IRON & STEEL INDUSTRIES LIMITED
MUHAMMAD FAHAD HAFEEZ(Company Secretary)
CC: Executive Director/HOD
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, Islamabad.
Standalone Condensed interim statement of financial position: 14. DISCLOSURE REQUIREMENT FOR COMPANIES NOT ENGAGED IN SHARIAH NON-PERMISSIBLE BUSINESS ACTIVITIES
Following information has been disclosed as required under amended part I clause VII of Fourth Schedule to the Companies Act, 2017 as amended via S.R.O.1278(I)/2024 dated August 15, 2024.
Nine months ended As at March 31, 2026March 31,
2025
March 31, 2026June 30, 2025
(Unaudited) (Unaudited) (Unaudited) (Audited) Rupees RupeesTransactions Outstanding balances
Condensed interim statement of financial position: Liabilities side | ||||
Financing (long-term, short-term or lease financing) obtained as per Islamic mode | 21,741,775,232 | 16,626,361,973 | ||
Interest or mark-up accrued on any conventional loan or advance | 264,205,895 | 289,415,699 | ||
Assets side | ||||
Long-term and short-term Shariah compliant Investments | 3,170,000,000 | 3,318,955,091 | ||
Shariah compliant bank deposits / bank balances / TDRs | 3,570,463,099 | 2,955,102,885 | ||
Condensed interim statement of profit or loss: Revenue earned from a Shariah compliant business segment | 69,830,244,922 | 75,704,940,072 | ||
Break-up of late payments or liquidated damages | Not Applicable | Not Applicable | ||
Gain or loss or dividend earned on Shariah-compliant investments or share of | ||||
profit from Shariah-compliant associates | Not Applicable | Not Applicable | ||
Profit earned from Shariah compliant bank deposits , balances / TDRs | 18,408,074 | 45,954,599 | ||
Exchange gain earned from actual currency | Not Applicable | Not Applicable | ||
Exchange gain earned using conventional derivative financial instruments | Not Applicable | Not Applicable | ||
Profit paid on Islamic mode of financing | 1,518,834,214 | 2,317,545,978 | ||
Total interest earned on any conventional loan or advance | 248,302,055 | 105,978,248 | ||
Non-Shariah compliant
Profit on saving accounts | 3,431,819 | 2,399,944 |
Finance income on long-term loan to subsidiary company | 248,302,055 | - |
Finance income on short-term loan to subsidiary company - 105,978,248 | ||
251,733,874 | 108,378,192 | |
Shariah compliant | ||
Profit on saving accounts | 18,408,074 | 45,954,599 |
Profit on term deposit receipts | - | 783,796 |
Profit on long-term debt instrument | - | 5,419,210 |
Profit on short-term debt instrument | 9,887,038 | 1,033,698 |
Foreign exchange gain - net | 43,356,887 | 21,786,029 |
Gain on disposal of tangible fixed assets | 9,836,259 | 7,423,870 |
Balances written back - net | 86,958,620 | - |
Gain / loss on sale of store items 40,097,491 (2,309) | ||
460,278,243 190,777,085
Relationship with Shariah-compliant financial institutions, including banks, takaful operator and their windows:The Company maintains good relationship with shariah compliant banks / takaful operators and carries out trade and other routine banking / takaful transactions with them.
Consolidated condensed interim statement of financial position: 14. DISCLOSURE REQUIREMENT FOR COMPANIES NOT ENGAGED IN SHARIAH NON-PERMISSIBLE BUSINESS ACTIVITIESFollowing information has been disclosed as required under amended part I clause VII of Fourth Schedule to the Companies Act, 2017 as amended via S.R.O.1278(I)/2024 dated August 15, 2024.
Nine months ended As at March 31, 2026March 31,
2025
March 31, 2026June 30, 2025
(Unaudited) (Unaudited) (Unaudited) (Audited) Rupees RupeesTransactions Outstanding balances
Consolidated condensed interim statement of financial position: Liabilities side Financing (long-term, short-term or lease financing) obtained as per Islamic mode | 25,492,100,806 | 17,333,708,033 | ||
Interest or mark-up accrued on any conventional loan or advance | 266,999,458 | 292,980,624 | ||
Assets side Long-term and short-term Shariah compliant Investments | 20,000,000 | 168,955,091 | ||
Shariah compliant bank deposits / bank balances / TDRs | 3,663,260,175 | 2,969,776,404 | ||
Consolidated condensed interim statement of profit or loss: Revenue earned from a Shariah compliant business segment | 69,830,244,922 | 66,217,145,695 | ||
Break-up of late payments or liquidated damages Gain or loss or dividend earned on Shariah-compliant investments or share of profit from Shariah-compliant associates | Not Applicable Not Applicable | Not Applicable Not Applicable | ||
Profit earned from Shariah compliant bank deposits , bank balances or TDRs Exchange gain earned from actual currency Exchange gain earned using conventional derivative financial instruments Profit paid on Islamic mode of financing Total interest earned on any conventional loan or advance | 18,414,477 Not Applicable Not Applicable 1,566,786,167 Not Applicable | 45,970,972 Not Applicable Not Applicable 2,324,069,460 Not Applicable |
Non-Shariah compliant
Profit on saving accounts 3,431,819 2,399,944
3,431,819 | 2,399,944 | |
Shariah compliant | ||
Profit on saving accounts | 18,414,477 | 45,970,972 |
Profit on term deposit receipts | - | 783,796 |
Profit on investment in long-term debt instrument | - | 5,419,210 |
Profit on investments in short-term debt instrument | 9,887,038 | 1,033,698 |
Foreign exchange gain - net | 43,501,589 | 21,786,029 |
Gain on disposal of tangible fixed assets | 9,836,259 | 7,423,870 |
Rental income | - | 1,916,640 |
Balances written back - net | 86,988,618 | - |
Loss on sale of store items - (2,309)
168,627,981 84,331,906172,059,800 86,731,850
Relationship with Shariah-compliant financial institutions, including banks, takaful operator and their windows:The Company maintains good relationship with shariah compliant banks / takaful operators and carries out trade and other routine banking / takaful transactions with them.