17/09/2024
Here are some of the top Shariah-compliant stocks in Pakistan with high Compound Annual Growth Rates (CAGR):
1. **Meezan Bank Limited (MEBL)**
- **Sector**: Banking
- **CAGR**: 20.5%²
2. **Engro Fertilizers Limited (EFERT)**
- **Sector**: Fertilizer
- **CAGR**: 18.7%²
3. **Mari Petroleum Company Limited (MARI)**
- **Sector**: Oil & Gas
- **CAGR**: 17.3%²
4. **Lucky Cement Limited (LUCK)**
- **Sector**: Cement
- **CAGR**: 16.8%²
5. **Pakistan Petroleum Limited (PPL)**
- **Sector**: Oil & Gas
- **CAGR**: 15.9%²
6. **Hub Power Company Limited (HUBC)**
- **Sector**: Power Generation
- **CAGR**: 15.2%²
7. **Fauji Fertilizer Company Limited (FFC)**
- **Sector**: Fertilizer
- **CAGR**: 14.6%²
8. **Engro Corporation Limited (ENGRO)**
- **Sector**: Conglomerate
- **CAGR**: 14.1%²
9. **Kohat Cement Company Limited (KOHC)**
- **Sector**: Cement
- **CAGR**: 13.8%²
10. **Attock Petroleum Limited (APL)**
- **Sector**: Oil & Gas
- **CAGR**: 13.5%²
# # # Key Points:
- **Shariah Compliance**: These stocks adhere to Islamic finance principles, avoiding businesses involved in prohibited activities like alcohol, gambling, and conventional financial services.
- **High Growth**: These companies have shown strong growth over the years, making them attractive for investors seeking high returns while adhering to ethical investment principles.
