PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has introduced regulatory amendments to enhance Shariah compliance in the mutual fund and pension fund sectors, as part of revisions to the Non-Banking Finance Companies and Notified Entities Regulations, 2008.
Under the new rules, collective investment schemes without a Shariah Compliance Certificate must obtain one by the 30th September 2025. Additionally, an Annual Shariah Adviser’s Report will now be included in the financial statements provided to unit holders and voluntary pension system participants.
