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KMI 30 Index

KSE Meezan Index (KMI–30) 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^[1] 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).^[2]

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.

Guidance is taken from qualified and well reputed Shariah experts^[who?] when Shariah compliance of stocks is done.

For any stock to be "Shariah compliant" it must meet all of the following six criteria:

1. Business of the company
2. Debt to total assets
3. Illiquid assets to total assets
4. Net liquid assets to share price
5. Non-compliant investments to total assets
6. Non-compliant income to total revenue

The following list of companies are included in the KMI-30 index as per the notice from Pakistan Stock Exchange dated 03 Jul 2020. The recomposed index is implemented w.e.f Monday, July 13, 2020. This re- composition of KSE-Meezan 30 Index is for the review period from July 1, 2019 to December 31, 2019. ^[3]

• KSE-30
• KSE-100

• Official website
• Impact of Interest Rate, Inflation Rate, Exchange Rate and Gold Prices on Karachi Meezan Index 30