Is Elahi Cotton Mills Limited (ELCM) Sharia-Compliant (Halal)? — June 2026 Screening
Elahi Cotton Mills Limited (ELCM) in the Textile Spinning sector is considered Sharia-compliant (halal) based on the latest KMI All-Share screen.
It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review.
Elahi Cotton Mills Limited is a Pakistan Stock Exchange-listed company in the Textile Spinning sector. A stock's halal (Sharia) status depends on its business activity and financial ratios — not its share price or popularity.
What this means
The KMI All-Share Index is the Pakistan Stock Exchange's reference list of Sharia-compliant companies. A stock is included only if its business is permissible under Islamic principles and it passes the financial screens — primarily a low ratio of interest-bearing debt to market capitalisation and a negligible share of income from non-compliant sources. ELCM currently meets these criteria.
Reference: KMI All-Share screen, notice PSX/N-659, effective 2026-06-05.
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Learn more
- What makes a stock Sharia-compliant?
- What does halal investing actually mean?
- The full halal PSX stock list
Frequently asked questions
Is ELCM halal to invest in?
Elahi Cotton Mills Limited (ELCM) is considered Sharia-compliant (halal) under the latest KMI All-Share screen (2026-06-05). It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review. Always re-check the current screen before investing.
How is ELCM screened for Sharia compliance?
ELCM is assessed on two tests: whether its core business is permissible, and whether its financials pass the Sharia ratios (interest-bearing debt below ~33% of market cap and non-compliant income below ~5%). The KMI All-Share Index applies these tests.
This page is educational and not financial advice. Sharia classification can change at each review — verify ELCM's current status on the official KMI screen before investing.