Crestwell Healthcare gets Shariah-compliance nod from Al-Hilal

November 10, 2026 (MLN): Crestwell Healthcare Limited (PSX:CWHC) (formerly S.G Power Limited) has been declared Shariah-compliant, making investment in its shares permissible, according to a Shariah screening certificate issued by Al-Hilal Shariah Advisors.

Al-Hilal Shariah Advisors (Pvt.) Limited carried out the screening at the company’s request, based on its published unaudited financial statements for the period ended September 30, 2026, as provided by management.

The financials were reviewed against screening criteria approved by the firm’s Shariah Supervisory Council, in line with thresholds prescribed by the Securities and Exchange Commission of Pakistan (SECP).

The review found that the company’s illiquid assets to total assets ratio does not meet the prescribed threshold.

However, the Shariah Supervisory Council granted a relaxation on the ratio, citing the company’s change in principal line of business from power generation to the manufacturing, marketing and distribution of pharmaceutical products.

Based on the information provided and its independent evaluation, the advisory firm certified that investment in the company’s shares is Shariah-compliant, and said it found no evidence to the contrary.

The firm said the assessment was conducted strictly under its own screening criteria, which align with those prescribed by the SECP, and reflects its independent professional judgment based on financial information and public disclosures.

It added that the classification does not represent or substitute any official confirmation, endorsement or directive from the SECP, and is meant solely for informational and internal decision-making purposes.

The aforementioned information was disseminated through a notification to Exchange.

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