The Securities and Exchange Commission of Pakistan (SECP) has approved five securities brokers to launch Islamic brokerage windows, further promoting Shariah-compliant investment opportunities in Pakistan. 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.
According to the regulator, these Islamic brokerage windows will allow investors to directly invest in Shariah-compliant shares, sukuk, and Islamic exchange-traded funds (ETFs). The initiative aims to facilitate halal investment options for individuals interested in Islamic financial products.
SECP stated that investors’ funds in Islamic brokerage accounts will be used exclusively for Shariah-compliant investments. Separate Islamic bank accounts and dedicated trading systems will also be maintained to ensure compliance with Islamic financial principles. Only companies and instruments approved under Shariah guidelines will be available for trading through these windows.
The regulator added that the government continues to introduce reforms to strengthen and expand the Islamic financial system in Pakistan. These measures are intended to enhance investor confidence and encourage greater participation in Shariah-compliant financial markets.
Earlier this month, SECP also introduced major improvements to its Electronic Mortgage Register (EMR) system. The enhancements are aimed at supporting secured lending, improving access to credit, and creating a more efficient regulatory environment for businesses and financial institutions across Pakistan.