SECP Reveals Guidelines for Shariah-Compliant Investments Via PSX
August 05, 2022
Guidelines for Shariah-Compliant Investments on the Pakistan Stock Exchange (PSX) are issued by the Securities and Exchange Commission of Pakistan (SECP) in accordance with section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 with the purpose to assist investors dealing in Shariah-compliant investments through the PSX.
Why it Matters?
According to SECP, a Shariah-Compliant Index (SCI) is meant to serve as a benchmark for assessing the performance of the Shariah-compliant segment of the market. An SCI is designed to boost investors' confidence and involvement in Islamic capital markets. It also serves as a research tool for the process of strategic asset allocation.
Currently, the three Shariah-compliant indices on PSX ar...