NCML clarifies non-applicability of Shariah disclosures

MG News | April 06, 2026 at 11:15 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 6, 2026 (MLN): Nazir Cotton Mills Limited (PSX: NCML) clarifies its position regarding Shariah-related disclosures under the Fourth Schedule of the Companies Act. The company confirmed that this disclosure requirements apply only to entities designated as Shariah-compliant or listed on an Islamic index.

As Nazir Cotton Mills does not fall into either category and does not conduct Shariah-compliant transactions, the relevant disclosures were deemed non-applicable in its financial statements, the company's filing on PSX revealed today.

To enhance transparency and align with regulatory expectations, the company will include explicit NIL disclosures for Shariah-related requirements under the Fourth Schedule in future financial statements.

Nazir Cotton Mills emphasizes its ongoing commitment to full compliance with all applicable laws and corporate governance standards.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,990.00	64,680.00 62,605.00	-1095.00 -1.71%
BRENT CRUDE	78.58	79.80 77.28	2.57 3.38%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	73.87	75.08 72.61	2.46 3.44%
SUGAR #11 WORLD	14.75	14.98 14.65	-0.13 -0.87%