Air Link Communication Limited has been declared compliant with the Shariah screening criteria of the KMI All Share Islamic Index, as prescribed by the Pakistan Stock Exchange (PSX).
Meezan Bank Limited, serving as the Shariah Technical Services and Support Provider, has reviewed the financial statements of Air Link Communication for the period ending December 31, 2024.
The bank confirmed that Air Link’s financial statements comply with the Shariah screening criteria set by the Pakistan Stock Exchange’s KMI All Share Index.
Based on the audited financial statements, the review found that investors are allowed to trade Air Link’s shares, provided they purify their dividend income as per the company’s semi-annual dividend purification rate, as outlined in the KMI All Share Islamic Index.
Additionally, the company has submitted extra information to supplement its financial disclosures, especially for the review period of July 1, 2024, to December 31, 2024. After analyzing this additional data, Meezan Bank reaffirmed that Air Link’s financial statements remain in compliance with the Shariah criteria.
This certificate will remain valid until the next recomposition of the PSX KMI All Share Index, which will cover the period from January 1, 2025, to June 30, 2025.
The Shariah compliance status of Air Link’s consolidated financial statements may change in future periods.
