PSX introduces mandatory Shariah disclosure rules

December 26, 2025 (MLN): Pakistan Stock Exchange (PSX) has made Shariah disclosures mandatory for listed Shariah-compliant companies, applicable from their upcoming half-yearly and annual financial statements ending December 31, 2025, and March 31, 2026.

The directive has been issued in continuation of PSX Notice dated November 27, 2025, under which PSX approved amendments to its regulations.

The amendments require relevant listed companies to report Shariah disclosures through the Public Offering and Regulatory System (PUCARS), according to PSX Notice.

PSX has now notified the official list of listed companies whose nature of business has been identified as Shariah compliant.

These companies are required to comply with Shariah disclosure requirements in their half-yearly and annual financial statements.

PSX emphasized that all companies included in the notified list must ensure strict and meticulous compliance with the Shariah disclosure requirements prescribe.

The stock exchange has also warned that non-compliance will attract financial penalties.

Any listed company failing to meet the mandatory reporting obligations will be subject to a fine of Rs100,000, along with an additional Rs2,000 per day for each day the non-compliance continues.

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