SECP approves Islamic brokerage windows for five brokers
Key takeaways
- Add ARY News on Google AAResize The Securities and Exchange Commission of Pakistan has approved five securities brokerage firms to launch dedicated Sharia-compliant brokerage services through Islamic windows.
- The initiative will allow investors to carry out stock market transactions in accordance with Islamic financial principles through segregated trading operations.
- Trading conducted through these Islamic windows will be restricted to Shariah-compliant listed companies, including firms that are part of the PSX-KMI All Share Islamic Index, along with Sukuk and Islamic ETFs.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The Securities and Exchange Commission of Pakistan has approved five securities brokerage firms to launch dedicated Sharia-compliant brokerage services through Islamic windows.
The initiative will allow investors to carry out stock market transactions in accordance with Islamic financial principles through segregated trading operations. Under the approved framework, brokers will only be permitted to invest client funds in Sharia-compliant shares, Sukuk and Islamic Exchange Traded Funds (ETFs).
According to the regulator, each brokerage house will maintain separate Islamic operations, including dedicated trading systems and segregated client and company bank accounts operated through Islamic banks to ensure transparency and compliance with Sharia requirements.