Karachi: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Pakistan Stock Exchange Limited (PSX) and the IBA Center for Excellence in Islamic Finance (IBA-CEIF), has announced the rescheduling of a public consultation session aimed at proposing a regulatory framework for the reinvigoration of the institution of Waqf in Pakistan. The session is set to take place on May 19, 2025, in Karachi.

According to the details provided in notices PSX/N-463 and PSX/N-486, dated May 6 and May 9, respectively, the session will be held at the PSX Auditorium on the 3rd floor from 15:00 to 17:00. The event is expected to draw representatives from various sectors, including financial sector professionals, Waqf and other charitable institutions, Shariah scholars, corporate CSR fund managers, and development sector professionals.

The initiative aims to facilitate a comprehensive dialogue on establishing a regulatory framework that would potentially impact the management and efficiency of Waqf institutions across Pakistan. According to information available from the Pakistan Stock Exchange (PSX), the session underscores collaborative efforts to align financial practices with Islamic principles and enhance the effectiveness of charitable institutions.

This consultation session represents a significant step in fostering informed discussions among key stakeholders, paving the way for potential regulatory developments in the Waqf sector. Attendees are expected to engage in discussions that could shape the future operational and regulatory landscape of Waqf in the country.