SECP approves brokerage firms to launch Islamic trading windows
PAKISTAN: To broaden Shariah compliant investment avenues in Pakistan’s capital market for both individual and institutional investors seeking Islamic financial products, the Securities and Exchange Commission of Pakistan (SECP) allowed five unnamed brokerage firms to introduce dedicated trading services through Islamic windows. Brokers can channel such investor funds only into Shariah compliant equities, Sukuk and Islamic ETFs through separately maintained Islamic brokerage units.
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