Karachi October 6 2022: TPL Properties Limited has been awarded the Shariah Compliance Certificate and
has been declared a Shariah Compliant Security by Al-Hilal Shariah Advisors.
The said Certificate has been issued after a thorough analysis of the financial statements of the Company on the basis of various Shariah screening criteria including the criteria of the Pakistan Stock Exchange and the criteria issued by the Shariah Supervisory Council.
TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007 under the repealed Companies Ordinance, 1984. Subsequently in 2016, the Company had changed its status from private limited company to public company. The principal activity of the Company is to invest, purchase, develop and build real estate and to sell, rent out or otherwise dispose of in any manner the real estate including commercial and residential buildings, houses, shops, plots or other premises.
