Published on, Sept. 2 -- September 2, 2025 1:00 AM

The Securities and Exchange Commission of Pakistan (SECP) has directed its relevant licensed entities to adopt concrete measures for facilitating the growth of Shariah-compliant intermediary services.

The directive aligns with the constitutional mandate to eliminate riba from the financial sector gradually.

Shariah-compliant institutional investors under the SECP's regulatory domain are now mandated to route their securities trading transactions through Shariah-compliant securities brokers in a phased manner, said a release issued here on Monday.

This requirement applies to takaful operators, window takaful operators, and other Shariah-compliant licensed entities, namely non-banking f...