The Securities and Exchange Commission of Pakistan (SECP) has launched dedicated Islamic brokerage windows at 33 brokerage houses, allowing investors to trade Shariah-compliant shares, Sukuk, and Islamic exchange-traded funds (ETFs) through specialized investment channels.

According to the regulator, the new Islamic brokerage segment enables investors to access only Shariah-compliant securities, expanding the availability of Islamic investment products in Pakistan’s capital market.

Client funds managed through these brokerage windows will be maintained under Islamic banking arrangements. Brokers operating Islamic windows will also be prohibited from offering interest-based financing or non-Shariah-compliant leveraged products.

The SECP noted that 308 of the 535 securities listed on the Pakistan Stock Exchange currently meet Shariah compliance criteria, representing nearly 65 percent of the exchange’s total market capitalization.

SECP Chairman Dr. Kabir Ahmed Sidhu said the initiative marks another step toward promoting a Riba-free financial system while providing investors with transparent and reliable Islamic investment opportunities.

The regulator added that expanding Shariah-compliant investment options is expected to attract more investors to Pakistan’s capital market.