None
SL
PSX Gets Dedicated Shariah-Compliant Brokerage Segment
['Iqtidar Gilani']
Pakistan Observer
Pakistan’s capital market has got a dedicated Shariah-compliant brokerage segment, marking a significant development in expanding Islamic investment options.
Two additional dedicated brokers are also providing a comprehensive range of Islamic brokerage services.
Under the arrangement, investors can access Shariah-compliant shares, Sukuk and Islamic Exchange Traded Funds (ETFs) through dedicated Islamic brokerage windows.
Dedicated brokerage services are expected to make such investments more accessible and encourage greater participation in the capital market.
The amendments allow brokerage firms to provide Islamic financial services through dedicated windows, establish separate subsidiaries, or fully transition to Shariah-compliant operations.