Overview
- Pakistan Stock Exchange has opened a live Shariah-compliant trading counter after the Securities and Exchange Commission approved rules that govern its operations.
- Trading is restricted to Shariah-eligible equities, Government Ijarah Sukuk and corporate Sukuk while non-compliant securities, short selling and derivatives are blocked.
- Interest-based leverage products such as the Margin Trading System are disabled on the counter and Murabaha Share Financing is offered as a Shariah-compliant alternative.
- Thirty-nine brokers were onboarded through Islamic windows and two firms were licensed as full Shariah brokers, and PSX published a Shariah Portal listing eligible stocks and Sukuk with account-opening procedures including Sahulat Accounts.
- Regulators said next steps include rolling out digital retail Sukuk, building Shariah-compliant liquidity and risk tools, and strengthening legal frameworks to broaden Islamic market participation and retail access.