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.
Refreshed every trading morning
Every candidate is a constituent of the KMI All Shares Islamic Index, so compliance is decided by the exchange rather than by the model. The AI only explains and ranks what it is given.
2 picks · generated 16 Oct 2026Swing setups, roughly 1 to 4 weeks
Banking (Islamic)
Faysal Bank Limited is an Islamic commercial bank currently in a strong downtrend with a low RSI.
Why now: The recent oversold technical reading and a pullback towards the 50‑day moving average could set up a short‑term bounce as market sentiment stabilises after the Gulf‑related sell‑off.
Risk: A resurgence of geopolitical tension could drive the stock lower despite the technical oversold condition.
At pick
91.40
Buy zone
88.66 - 91.40
Target
96.88
Banking (Islamic)
BankIslami Pakistan Limited is an Islamic bank trading near its 52‑week low with a strong downtrend and low RSI.
Why now: Technical weakness may attract short‑term speculative buying on a bounce from the 52‑week low if broader market volatility eases.
Risk: Continued weakness in loan growth or further macro‑economic stress could keep the stock depressed.
At pick
24.33
Buy zone
23.60 - 24.33
Target
25.79
Only companies the Pakistan Stock Exchange lists in the KMI All Shares Islamic Index are considered, so compliance is decided by the exchange rather than by a language model. Candidates are then ranked by liquidity, and each one carries its live price, RSI, moving averages and 52-week position before the AI sees it. The AI orders them and writes the reasoning. It never sets a price, and any company it invents is thrown away.
See how past picks performedAll 3 KMI All Shares Islamic Index constituents in this sector, by turnover. The picks above are chosen from this list.
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.
