PSX Shariah Segment Set for Overhaul as SECP Approves Major Rule ChangesPSX Shariah Segment Set for Overhaul as SECP Approves Major Rule Changes
The Securities and Exchange Commission of Pakistan (SECP) has approved major changes to PSX Regulations to strengthen the Shariah-Compliant Segment and enforce greater transparency.
Under the new rules, PSX must publicly disclose all disciplinary actions against listed companies on its website, giving investors clearer visibility into regulatory compliance.
Listed companies will also submit Shariah-related financial information like income, loans, and investments directly to PSX. This will be used for more accurate screening of companies for the KMI All Share Index.
To make Islamic investment easier, PSX will introduce dedicated Shariah-compliant account opening forms, including Customer Relationship Forms and Sahulat Account Opening Forms.
PSX has also been instructed to develop and maintain Shariah indices itself, or through an independent third party, within 12 months.
SECP says the amendments are intended to make the market more transparent, accessible, and credible for Shariah-conscious investors.
The post PSX Shariah Segment Set for Overhaul as SECP Approves Major Rule Changes appeared first on ProPakistani.
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The Securities and Exchange Commission of Pakistan (SECP) has approved major changes to PSX Regulations to strengthen the Shariah-Compliant Segment… Read More
The post PSX Shariah Segment Set for Overhaul as SECP Approves Major Rule Changes appeared first on ProPakistani.