Shams Babar, a friend of the Siddiqui family, said Malik had acknowledged his marriage to Ayesha despite earlier denials.
"Both Shoaib and Ayesha have signed the divorce papers today," says Babar.
Under the compromise, Shoaib will pay Rs 15,000 as maintenance to Ayesha at the rate of Rs 5000 per month for three months as per Sharia (Islamic law), Shafi, Sania's uncle, announced at a joint press conference at the residence of Ayesha Siddiqui.
Ayesha's mother Farisa said as decided by the elders of the community, it (compromise) has been done. I am very happy about it. All community leaders have come to him (Shoaib) to do the settlement and he has done it.
"My daughter had to pass through hardships. Finally justice has been done to my daughter. She is relieved and very happy", she said.
The Siddiqui family last week filed a police complaint against Malik over his plans to wed Mirza.