{"id":405334,"date":"2024-05-07T18:51:39","date_gmt":"2024-05-07T13:51:39","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=405334"},"modified":"2024-05-07T18:51:39","modified_gmt":"2024-05-07T13:51:39","slug":"secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/","title":{"rendered":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies"},"content":{"rendered":"<p>The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017.<br \/>\nThese amendments enhance the list of disclosures made in financial statements of listed companies for Shariah stock screening shares, according to a press release issued here on Tuesday.<\/p>\n<p>Listed companies will be required to provide crucial information about their subsidiary companies for Shariah stock screening purposes to align the regulatory framework with market needs for a fair trading environment.<br \/>\nAdditionally, the language of the Fourth Schedule has been simplified to bring clarity to the Shariah stock screening of shares to include in Islamic indices maintained by the Pakistan Stock Exchange.<br \/>\nThe proposed revisions have resulted from SECP\u2019s engagements with stakeholders during a series of Islamic finance sessions. The changes are aimed at enhancing transparency, fostering investor confidence and aiding in informed decision-making.<br \/>\nThe SECP has published a consultation paper containing the objectives and details of the proposed amendments in comparative format and draft notification.<br \/>\nThe concept paper is available at the following link https:\/\/www.secp.gov.pk\/document\/consultation-paper-amendments-to-the-fourth-schedule-to-the-companies-act-2017\/.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in financial statements of listed companies for Shariah stock screening shares, according to a press release issued here on Tuesday. Listed companies will be required to provide [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":358647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-405334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"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 proposes enhanced disclosures for Shariah Stock Screening of listed companies<\/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-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in financial statements of listed companies for Shariah stock screening shares, according to a press release issued here on Tuesday. Listed companies will be required to provide [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-07T13:51:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies\",\"datePublished\":\"2024-05-07T13:51:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/\"},\"wordCount\":191,\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/SECP.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/\",\"name\":\"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/SECP.jpg\",\"datePublished\":\"2024-05-07T13:51:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#primaryimage\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/SECP.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/SECP.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"name\":\"Daily Lead Pakistan\",\"description\":\"Daily Lead Pakistan\",\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\",\"name\":\"Daily lead Pakistan\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"width\":1000,\"height\":154,\"caption\":\"Daily lead Pakistan\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DailyLeadPak\\\/\",\"https:\\\/\\\/x.com\\\/DailyLeadPak\",\"https:\\\/\\\/instagram.com\\\/DailyLeadPak\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\",\"name\":\"Web Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"caption\":\"Web Desk\"},\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/author\\\/edt\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/","og_locale":"en_US","og_type":"article","og_title":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies","og_description":"The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in financial statements of listed companies for Shariah stock screening shares, according to a press release issued here on Tuesday. Listed companies will be required to provide [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2024-05-07T13:51:39+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg","type":"image\/jpeg"}],"author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies","datePublished":"2024-05-07T13:51:39+00:00","mainEntityOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/"},"wordCount":191,"publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg","articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/","url":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/","name":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#primaryimage"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg","datePublished":"2024-05-07T13:51:39+00:00","breadcrumb":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#primaryimage","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/09\/SECP.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-proposes-enhanced-disclosures-for-shariah-stock-screening-of-listed-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadpakistan.com.pk\/news\/"},{"@type":"ListItem","position":2,"name":"SECP proposes enhanced disclosures for Shariah Stock Screening of listed companies"}]},{"@type":"WebSite","@id":"https:\/\/leadpakistan.com.pk\/news\/#website","url":"https:\/\/leadpakistan.com.pk\/news\/","name":"Daily Lead Pakistan","description":"Daily Lead Pakistan","publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadpakistan.com.pk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadpakistan.com.pk\/news\/#organization","name":"Daily lead Pakistan","url":"https:\/\/leadpakistan.com.pk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","width":1000,"height":154,"caption":"Daily lead Pakistan"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DailyLeadPak\/","https:\/\/x.com\/DailyLeadPak","https:\/\/instagram.com\/DailyLeadPak\/"]},{"@type":"Person","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/leadpakistan.com.pk\/news\/author\/edt\/"}]}},"_links":{"self":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/405334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/comments?post=405334"}],"version-history":[{"count":1,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/405334\/revisions"}],"predecessor-version":[{"id":405344,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/405334\/revisions\/405344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media\/358647"}],"wp:attachment":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media?parent=405334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/categories?post=405334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/tags?post=405334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}