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 on 2 September 2008, 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:

  1. Core business of the company must be halal
  2. Interest-bearing debt to total assets should be less than 37%
  3. Illiquid assets to total assets should be greater than 25%
  4. Net liquid assets per share should be less than the market share price
  5. Non-compliant investments to total assets should be less than 33%
  6. Non-compliant income to total revenue should be less than 5%

Constituents

Current (as of 31 December 2025)

Source:

Former

See also

External links