Friday, 2 March 2018

Pakistan: SECP publishes draft Shariah Governance Regulations 2018

The Securities and Exchange Commission (SECP) has published draft Shariah Governance Regulations: see here (pdf). In the accompanying press release, the SECP describes them as being a "...comprehensive set of regulations for governance of Shariah-compliant companies and entities, Shariah-compliant securities and Islamic financial institutions under its jurisdiction. For the first time ever, a holistic Shariah governance framework has been introduced by the apex regulator of corporate sector and capital markets".

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