SECP educates shariah scholars

­ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) conducted an interactive session for Shariah scholars as part of its 'Jamapunji' financial literacy initiative, focusing on company registration and licensed investment schemes, a statement said on Wednesday.

Scholars from different madaris in Islamabad and Rawalpindi attended the session organized in association with the Riphah Centre of Islamic Business at Riphah International University.

The participants were briefed on the regulatory role of SECP, legal frameworks to regulate investment schemes, and methods to identify fraudulent schemes. The importance of financial activities legitimacy was emphasized to prevent misrepresentations as Islamic transactions.