Karachi: Dawood Equities Limited has announced the successful acquisition of a Shariah-Compliant Brokerage Service - Islamic Window Certificate, as confirmed by the Securities and Exchange Commission of Pakistan (SECP), according to a report dated June 30, 2026. The announcement marks a significant milestone for the company in expanding its financial services in alignment with Islamic principles.

The Securities and Exchange Commission of Pakistan granted this certificate following Dawood Equities Limited's adherence to all necessary regulatory and Shariah governance requirements. Al-Hilal Shariah Advisors (Pvt.) Limited, appointed as the Shariah Advisor, issued a Shariah Opinion that was integral to the application and subsequent approval process by the SECP.

The approval of the Shariah-compliant brokerage services model, set to operate through an Islamic window, is subject to specific conditions as outlined by the SECP. According to information available from the Pakistan Stock Exchange (PSX), all customer bank and margin accounts must be maintained with Islamic banks or Islamic banking windows of conventional banks. Temporary transfers of funds to designated settlement accounts for settlement purposes are permissible, provided any income from Riba-based elements is managed according to the Shariah Advisor's guidance.

In compliance with the Shariah Governance Regulations, 2023, trading activities under this model will be limited to securities that have been pre-screened and approved by authorized individuals. The model does not supersede existing regulations of the Pakistan Stock Exchange, Central Depository Company, NCCPL, or SECP. In events of Shariah-related concerns, Dawood Equities Limited is required to collaborate with relevant institutions to ensure regulatory alignment, ensuring full compliance with the current regulatory framework until any necessary adjustments are achieved.

The Shariah-compliant brokerage services model will also be subject to forthcoming regulatory developments and frameworks introduced by PSX and SECP, particularly in areas such as intra-day and futures trading. This regulatory oversight ensures the alignment of Dawood Equities Limited's operations with both Shariah principles and the evolving financial regulatory environment in Pakistan.