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The Securities and Exchange Commission of Pakistan (SECP) has released the draft Shariah Governance Regulations, 2023.
The Securities and Exchange Commission of Pakistan (SECP) has released the draft Shariah Governance Regulations, 2023. The proposed regulations include the development of an Islamic index at the stock exchange and the establishment of the concept of shariah supervisory boards, as Pakistan prepares for a fully Islamic financial system. The new index will be the third Islamic index in a country where there are already two Islamic indices titled KMI 30 index.
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