{
  "id": 1184158,
  "title": "33 stockbrokers offer Shariah windows",
  "url": "https://urgent.news/2026/08/15/33-stockbrokers-offer-shariah-windows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T23:20:34.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2023141/33-stockbrokers-offer-shariah-windows"
  },
  "original_language": "en",
  "account": "Islamabad has witnessed the successful establishment of a dedicated Shariah-compliant brokerage segment in the capital market, according to the Securities and Exchange Commission of Pakistan (SECP). Roughly 33 brokerage firms operate specialized Shariah-compliant windows, collectively accounting for approximately 52% of the total traded volume on the Pakistan Stock Exchange. Two additional brokers offer a full spectrum of Islamic brokerage services, adhering to the dedicated framework stipulated for Shariah-compliant operations.\n\nUnder this framework, Islamic brokerage services operate with strict segregation of client funds and adherence to defined Shariah governance requirements. This enables investors to directly access Shariah-compliant shares, Sukuk, and Islamic Exchange-Traded Funds (ETFs) via these dedicated windows. Investor funds are safeguarded through Islamic banking channels, while trading is confined to securities that have been screened and approved as Shariah-compliant. Islamic brokers and windows refrain from engaging in interest-based financing or any non-Shariah-compliant leveraged or speculative transactions.\n\nThe initiative significantly expands investment opportunities for those seeking Riba-free options. Presently, 308 out of the 535 listed securities on the Pakistan Stock Exchange are Shariah-compliant, representing around 65% of the PSX's market capitalization. This growth underscores the increasing demand and significant potential for Riba-free investment opportunities.",
  "summary": "ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has successfully developed a dedicated Shariah-compliant brokerage segment in the capital market. Approximately 33 brokerage houses operate dedicated Shariah-compliant windows, collectively representing around 52pc of total traded volume at the Pakistan Stock Exchange. In addition, two other dedicated brokers are offering a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}