Business

SECP forms Islamic Finance Department

ISLAMABAD: The Securities and Exchange Commission of Pakistan has established an Islamic Finance Department to regulate and develop the Islamic financial market.

The new specialized department would carry out the functions of Shariah regulation and compliance, product development, market awareness, Shariah securities market development and international liaison and networking.

The Islamic Finance Department will act as a backbone for coordination between the SECP’s operational departments with the primary objective of regulating and promoting Islamic finance and Shariah compliance in the capital market.

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