Shariah-compliant stocks in Pakistan, by sector
Every company below is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. Compliance is decided by the exchange, not by a language model. The AI only ranks what has already passed that screen, and every pick it makes is recorded at the published price and marked to market daily.
Islamic banking stocks
Islamic banks listed on the PSX that pass the exchange's Shariah screen. Conventional banks are excluded automatically because they are not in the Islamic index.
- FABL
- BIPL
Cement stocks
Cement makers are among the most rate-sensitive names on the exchange, and construction demand drives their volumes.
- DNCC
- POWER
- ACPL
Energy, oil and gas stocks
Exploration, marketing and refining companies. This is where circular debt news moves prices most.
- OGDC
- SPSL
- PSO
Power generation stocks
Independent power producers and distributors, usually held for dividend yield rather than growth.
- SGPL
- HUBC
- KOHE
Technology stocks
Software and communication companies, the closest thing the PSX has to a growth sector.
- STL
- SYM
- QTECH
Fertilizer stocks
Large, liquid and consistently dividend paying. Gas pricing and the agricultural cycle drive earnings.
- FATIMA
- EFERT
Pharmaceutical stocks
Defensive names whose margins depend on drug pricing policy and the cost of imported inputs.
- BFBIO
- CPHL
- FEROZ
Automobile stocks
Assemblers and parts makers. Volumes track financing rates, import policy and the rupee.
- SLM
- LOADS
- PTL
Textile stocks
Pakistan's largest export sector, sensitive to global demand, cotton prices and energy costs.
- ARCTM
- DFSM
- KOHTM
Food and personal care stocks
Consumer staples with pricing power, usually the steadiest earners in the market.
- MFL
- CLOV
- UNITY
How a stock qualifies as Shariah compliant here
A stock appears on these pages only if the Pakistan Stock Exchange lists it in the KMI All Shares Islamic Index. That index applies the business-activity and financial ratio screens on the exchange's behalf, and it is reviewed periodically. Asking an AI whether a company is Shariah compliant produces a confident answer that is wrong often enough to matter, so it is never asked. It receives a screened list with live prices and technical levels attached, ranks it, and explains the ranking.
SmartSarmaya is an educational research tool, not a licensed financial adviser and not a source of religious rulings. Shariah status reflects membership of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. Always do your own research.