The Securities and Exchange Commission of Pakistan (SECP) has granted approval to five securities brokers to launch Islamic brokerage windows, marking another step toward strengthening the country’s Islamic financial ecosystem.

The approved brokerage firms include Insight Securities Private Limited, Optimus Capital Management Private Limited, Value Stocks and Commodities Private Limited, Intermarket Securities Limited, and Darson Securities Private Limited.

According to the regulator, these Islamic brokerage windows will enable investors to access Shariah-compliant investment avenues, including approved equities, Sukuk instruments, and Islamic exchange-traded funds (ETFs).

The SECP said the initiative aims to widen access to halal investment products for individuals seeking financial solutions aligned with Islamic principles.

Under the new framework, funds placed in Islamic brokerage accounts will be strictly utilized for Shariah-compliant investments. Dedicated Islamic bank accounts, segregated operational structures, and separate trading mechanisms will be maintained to ensure full compliance with Islamic finance standards.

Trading through these platforms will remain limited to companies that meet Shariah screening criteria. The SECP added that ongoing regulatory reforms are focused on accelerating the growth of Pakistan’s Islamic capital market and encouraging broader investor participation in faith-based financial products.