Foundation Securities Launches Pakistan’s First Shariah-Compliant Trading Platform

October 19, 2020 | Updated at October 19, 2020

Foundation Securities, a subsidiary of the Fauji Foundation Group and local affiliate of Macquarie Capital, has launched Pakistan’s first Shariah-compliant trading investment platform, named Shariah Edge, according to local media reports.

The platform will help tap into the market that was unwilling to engage in the Pakistan Stock Exchange (PSX) due to the lack of pure Shariah-compliant trading facilities, media reported.

According to Syed Ahmed Zaidi, Chief Executive Officer of Foundation Securities, the platform will enable Shariah-conscious investors to invest as per Islamic rules even during downturns in the market, as they will be able to withdraw funds at any time.