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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has successfully developed a dedicated Shariah-compliant brokerage segment in the capital market.
Approximately 33 brokerage houses operate dedicated Shariah-compliant windows, collectively representing around 52pc of total traded volume at the Pakistan Stock Exchange.
In addition, two other dedicated brokers are offering a complete range of Islamic brokerage services. Under the dedicated framework, Islamic brokerage services will operate with clear segregation of client funds and defined Shariah governance requirements.
The framework enables investors to directly access Shariah-compliant shares, Sukuk, and Islamic Exchange-Traded Funds (ETFs) through dedicated Islamic brokerage windows. Investor funds will be maintained through Islamic banking channels, while trading will be restricted to securities screened and approved as Shariah-compliant. Islamic brokers and windows will not undertake interest-based financing or non-Shariah-compliant leveraged or speculative transactions.
