{
  "id": 17095116,
  "title": "PSX launches Shariah-compliant trading counter",
  "url": "https://urgent.news/2026/10/29/psx-launches-shariah-compliant-trading-counter",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T16:35:29.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446529/psx-launches-shariah-compliant-trading-counter"
  },
  "original_language": "en",
  "account": "Pakistan Stock Exchange (PSX) announced the launch of a Shariah-compliant trading counter on October 29, after receiving approval from the Securities and Exchange Commission of Pakistan (SECP). This new platform provides investors with access to Islamic investments, including Shariah-compliant equities, Government Ijarah Sukuk, and corporate Sukuk. Thirty-nine brokers have been enlisted to offer Shariah-compliant trading services, with two firms granted full-fledged broker licenses. The counter prohibits non-compliant securities trading, short selling, derivatives, and interest-based leverage products, such as the Margin Trading System (MTS). Murabaha Share Financing (MSF) serves as an alternative. A Shariah Portal on the PSX Data Portal lists all Shariah-eligible stocks and Sukuk, facilitating account openings with Shariah-compliant documentation. PSX CEO Farrukh H. Sabzwari emphasized that this initiative increases investor confidence, accessibility to Islamic investment opportunities, and strengthens Pakistan's Islamic capital market. SECP Commissioner Imtiaz Haider noted that a significant portion of listed equities and mutual fund assets were already Shariah-compliant, which would broaden market participation, create investment opportunities, and bolster confidence in Shariah-compliant options. SECP's Dr. Tariq Naseem outlined future steps, such as expanding digital retail Sukuk, introducing Shariah-compliant liquidity and risk-management tools, and strengthening the legislative framework for Islamic financial services.",
  "summary": "Pakistan Stock Exchange (PSX) has launched a Shariah-compliant trading counter following the Securities and Exchange Commission of Pakistan’s (SECP) approval of the Shariah Trading Counter Regulations, providing investors with a dedicated platform for Islamic investments. The counter, launched on October 29, offers retail and institutional investors access to Shariah-compliant equities,…",
  "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."
}