secp – Paks

AL Habib Exchange Launches Operations in Pakistan: A Milestone Achievement

Tabinda Fatima6 months ago6 months ago02 mins

AL Habib Exchange, a subsidiary of Bank AL Habib, has officially started its operations in Pakistan. It has opened ten branches across four major cities: Karachi, Lahore, Islamabad, and Peshawar. Last year in September, following an announcement by Bank AL Habib, the Board of Directors unanimously agreed to establish an Exchange Company as a wholly-owned…

SECP Allows Shariah-Compliant Brokerage Services: What You Need to Know

Tabinda Fatima6 months ago6 months ago03 mins

The Securities and Exchange Commission of Pakistan (SECP) has made a significant decision. They’ve decided that securities brokers can now offer services that comply entirely with Shariah law. This decision comes with certain rules and conditions, as outlined in the SECP’s S.R.O. 427(I)/2024, which they issued on Thursday. Here’s what the regulations say: These decisions…