Is Maple Leaf Cement Factory Limited (MLCF) Sharia-Compliant (Halal)? June 2026 Screening
Maple Leaf Cement Factory Limited (MLCF) in the Cement 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.
Maple Leaf Cement Factory Limited is a Pakistan Stock Exchange-listed company in the Cement 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 tomarket capitalisation and a negligible share of income from non-compliant sources. MLCF currently meets these criteria.
Reference: KMI All-Share screen, notice PSX/N-659, effective 2026-06-05.
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BrowseFrequently asked questions
Is MLCF halal to invest in?
Maple Leaf Cement Factory Limited (MLCF) 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 MLCF screened for Sharia compliance?
MLCF 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 MLCF's current status on the official KMI screen before investing.