{"id":306894,"date":"2023-01-12T08:50:32","date_gmt":"2023-01-12T03:50:32","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=306894"},"modified":"2023-01-12T08:50:32","modified_gmt":"2023-01-12T03:50:32","slug":"secp-issues-guidelines-for-offering-islamic-financial-services-2023","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-issues-guidelines-for-offering-islamic-financial-services-2023\/","title":{"rendered":"SECP issues Guidelines for Offering Islamic Financial Services, 2023"},"content":{"rendered":"<p>ISLAMABAD: In a landmark development for the growth of Islamic finance in the non-bank financial sector, the Securities and Exchange Commission of Pakistan has issued Guidelines for Offering Islamic Financial Services, 2023, covering all its regulated sectors. The guidelines are framed to facilitate growth of Shariah-compliant financial products in the financial services market regulated by the Commission, which include Islamic capital markets, Takaful, Modarabas, NBFCs, pension and private funds, REITs, and so on. The guidelines are based on notions of proportionality and gradualism and cover key principles for the conduct of Shariah-compliant operations by persons offering Islamic financial services. It also introduces the concept of \u201cIslamic windows\u201d in all regulated sectors, apart from providing detailed guidelines for the conversion of conventional financial institutions into Islamic financial institutions. Another essential aspect covered in the guidelines is the foundational principles for developing cohesive Shariah governance within Islamic financial institutions. News Desk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: In a landmark development for the growth of Islamic finance in the non-bank financial sector, the Securities and Exchange Commission of Pakistan has issued Guidelines for Offering Islamic Financial Services, 2023, covering all its regulated sectors. The guidelines are framed to facilitate growth of Shariah-compliant financial products in the financial services market regulated by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-306894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP issues Guidelines for Offering Islamic Financial Services, 2023<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-issues-guidelines-for-offering-islamic-financial-services-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP issues Guidelines for Offering Islamic Financial Services, 2023\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: In a landmark development for the growth of Islamic finance in the non-bank financial sector, the Securities and Exchange Commission of Pakistan has issued Guidelines for Offering Islamic Financial Services, 2023, covering all its regulated sectors. 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