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