The Securities and Exchange Commission of Pakistan (SECP) has intensified efforts to strengthen stakeholder involvement in the capital markets by organizing specialized sessions on Islamic finance. These initiatives, undertaken in collaboration with industry stakeholders, focus on enhancing understanding of Shariah-compliant practices and reinforcing SECP’s commitment to an ethically robust and inclusive financial landscape.
Recently, the SECP conducted a targeted awareness session specifically for members of the Pakistan Stock Brokers Association (PSBA). The event highlighted key aspects of Shariah-compliant brokerage services, drawing strong participation and interest from the association’s leadership, including its Chairman and Vice Chairman. This underscores the brokerage community’s proactive stance toward adopting and expanding Islamic finance practices within their businesses.
In a related initiative, SECP also organized a capacity-building program held in Lahore for professionals employed with Capital Market Infrastructure Institutions (CMIIs). This training session aimed to bolster their technical knowledge of Islamic financial products, their underlying transactions, and relevant regulatory frameworks. Participants gained critical insights into aligning their financial operations with Islamic principles, marking a significant step towards the industry’s transition to ethically aligned financial services.
Both initiatives clearly demonstrate SECP’s ongoing dedication to promoting greater awareness and widespread implementation of Shariah-compliant financial practices. Through focused engagement with industry stakeholders, the Commission aims to foster a more inclusive, ethically grounded, and financially sophisticated economic environment in Pakistan.
