Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper to engage public feedback on promoting Shariah-compliant intermediaries within sectors regulated by the commission. The initiative aims to gather insights and suggestions from market participants and stakeholders, with the deadline for submissions set for June 20, 2025.

The consultation paper outlines the SECP's intention to enhance the framework for Shariah-compliant financial activities, focusing on intermediaries that align with Islamic finance principles. Stakeholders are invited to review the document and provide their comments via email at [email protected].

This move by the SECP is part of its ongoing efforts to adapt regulatory practices to the growing demand for Shariah-compliant financial instruments. The feedback from industry participants is expected to play a crucial role in shaping the future landscape of Islamic finance in Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the consultation paper's release is a significant step towards integrating Islamic finance more fully into the mainstream financial markets. The designated market category for this initiative remains focused on ensuring that the regulatory environment supports ethical and compliant financial practices.

The SECP's call for public engagement reflects its commitment to fostering a collaborative approach in developing a robust framework for Shariah-compliant intermediaries. The consultation process is anticipated to contribute to the creation of a more inclusive and diversified financial sector.