KMI 30 Index is a

stock market index In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...

on the

Pakistan Stock Exchange The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. PSX was classified by MSCI as a frontier market on 8 September 2021. Pakistan Stock Exchange was founded in 1947 as ...

in Pakistan of thirty companies that have been screened for Islamic

Shariah Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on scriptures of Islam, particularly the Qur'an and hadith. In Islamic terminology ''sharīʿah'' refers to immutable, intan ...

criteria. The index was introduced in 2009 and the base period for this Islamic index is 30 June 2008. It was created as a joint effort by the Karachi Stock Exchange (now known as Pakistan Stock Exchange) and Al-Meezan Investment Bank (now known as Meezan Bank Limited). The index is calculated using free float market capitalization. At any point in time, the level of the index reflects the free float market value of selected Shariah-compliant shares in comparison with the base period. KMI-30 is recomposed semi-annually.

Selection criteria

For any stock to be "Shariah compliant" it must meet all of the following six criteria: # Business of the company # Debt to total assets # Illiquid assets to total assets # Net liquid assets to share price # Non-compliant investments to total assets # Non-compliant income to total revenue

Constituents

Current

Air Link Communication KMI 30 Index is a stock market index on the Pakistan Stock Exchange in Pakistan of thirty companies that have been screened for Islamic Shariah criteria. The index was introduced in 2009 and the base period for this Islamic index is 30 June 200 ...

Attock Refinery Attock Refinery Limited ( ) is a Pakistani oil refinery headquartered in Rawalpindi. It is a subsidiary of UK-domiciled Attock Oil Company. It is the oldest oil refinery of Pakistan. It is listed on Pakistan Stock Exchange. History 1922–19 ...

DG Cement DG Cement is a Pakistani building materials company based in Lahore. It is part of Nishat Group. DG Cement operates three plants located in Khairpur, Chakwal, Dera Ghazi Khan, and Hub, Balochistan. History DG Cement was established in 1986 b ...

* Engro Fertilizers * Engro Holdings * Engro Polymer *

Faysal Bank Faysal Bank Limited ( ) is a Pakistani Islamic bank based in Karachi. Founded as Al-Faysal Investment Bank in 1995, it became an Islamic bank in 2023. It is named after Mohammed bin Faisal Al Saud. Over the years, Faysal Bank has been involved i ...

* Fauji Cement *

Fauji Foods Fauji Foods Limited ( ) is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company. It is based in Lahore, Pakistan. Fauji Foods is known for its dairy products and brands such as ''Nurpur'', and ''Dostea''. It is listed on ...

Ghandhara Industries Ghandhara Industries Limited (GIL) (), formerly known as National Motors Limited, doing business as Isuzu Pakistan, is a Pakistani truck and buses assembler based in Karachi. It is the authorized assembler of Isuzu vehicles in Pakistan.

* Honda Atlas Cars * Hub Power *

K-Electric K-Electric Limited (KE), formerly known as Karachi Electric Supply Company Limited or Karachi Electric Supply Corporation Limited, is a Pakistani utility company based in Karachi. Privatised in 2005, KE is the only vertically integrated utili ...

* Lucky Cement *

Mari Petroleum Mari Energies Limited, formerly Mari Petroleum Company Limited, and commonly known as Mari ( ), is a Pakistani energy company based in Islamabad. It is controlled by the Fauji Foundation, which holds a 40 percent stake. It primarily operates in ...

* Meezan Bank * Maple Leaf Cement * Millat Tractors *

National Refinery National Refinery Limited (NRL) is a Pakistani oil refinery which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Korangi Creek, Karachi. It is a petroleum refinery and petrochemical complex engaged in the manufacture and sa ...

* Oil & Gas Development Company * Pak Elektron * Pioneer Cement *

Pakistan Petroleum Limited Pakistan Petroleum Limited (PPL) is a Pakistani state-owned oil and gas company headquartered in Karachi. It is one of the largest exploration and production companies in the country and contributes over 20% of the country’s total natural gas ...

Pakistan Refinery Limited Pakistan Refinery Limited (PRL) is a Pakistani oil refinery based in Karachi. Founded in May 1960, it is traded on the Pakistan Stock Exchange.Pakistan State Oil Pakistan State Oil Company Limited (PSOCL) operating as PSO, is a Karachi-based, state-owned energy company. Established in 1976, the company operates in the oil and gas industry.As of 2024, it maintains a network of 3,580 retail outlets, nine i ...

* Sazgar Engineering Works * The Searle Company Limited * Sui Northern Gas Pipelines *

Systems Limited Systems Limited (SYS) is a publicly listed Pakistani multinational technology company, engaged in mortgage, apparel, retail and BPO services. It serves as the parent company of the Techvista Systems (United Arab Emirates), Systems Arabia (Saudi ...

Unity Foods Unity Foods Limited, formerly known as Taha Spinning Mills, is a Pakistani food company headquartered in Karachi. It is a subsidiary of Singaporean multinational company, Wilmar International. Unity Foods produces staples (flour, rice, lentils ...

Former

* Cherat Cement Company Limited * Dolmen City REIT *

Interloop Limited ''Italic text'' Interloop Limited is a Pakistani textile manufacturer based in Faisalabad. It supplies socks and leggings to retailers consisting of Nike, Adidas, H&M, Puma, Levi's, Reebok and Target. The company has five hosiery manufactur ...

* NetSol Technologies Limited * Nishat Mills Limited * Shell Pakistan Limited * TPL Properties Limited

References

External links