The Securities and Exchange Commission of Pakistan (SECP) has granted approval to five securities brokerage firms to operate Islamic brokerage windows, expanding access to Shariah-compliant investment opportunities in the country.
According to a statement issued by the regulator on Monday, the approved firms include Insight Securities (Pvt) Ltd, Optimus Capital Management (Pvt) Ltd, Value Stocks & Commodities (Pvt) Ltd, Intermarket Securities Ltd, and Darson Securities (Pvt) Ltd.
Through these Islamic brokerage windows, investors will be able to directly invest in Shariah-compliant shares, sukuk, and Islamic exchange-traded funds (ETFs).
The SECP said the initiative is aimed at facilitating halal investment options and strengthening the Islamic financial ecosystem in Pakistan. It added that funds deposited by investors in Islamic brokerage accounts will be used exclusively for Shariah-compliant investments.
“Separate Islamic bank accounts and trading systems will be used for Islamic windows,” said SECP, adding that only Shariah-compliant companies will be traded through these platforms.
The regulator also noted that the government is continuing reforms to promote and expand the Islamic financial system in Pakistan.
Earlier this month, the SECP introduced significant upgrades to its Electronic Mortgage Register (EMR) to support secured lending, improve access to financing, and create a more efficient regulatory environment for businesses and financial institutions.
