SECP, IFSB workshop ends

ISLAMABAD: The three-day capacity building workshop jointly organised by SECP and IFSB on Islamic Capital Markets concludes in Islamabad. The workshop, especially designed to enhance the capacity of officials of regulatory and supervisory authorities, was well attended by officials from the Securities and Exchange Commission of Pakistan, the State Bank of Pakistan, the Ministry of Finance, the Competition Commission of Pakistan, PSX, PMEX, CDC, and NCCPL.

Speaking at the event, Akif Saeed, chairman SECP, reiterated its deep commitment to support the continued development and expansion of the Islamic finance industry in Pakistan.

Referring to the historic judgment of the Federal Shariat Court and government’s commitment to transform the entire financial system in accordance with Shariah principles, he pointed out that SECP has already accelerated its efforts and achieved considerable progress by enabling Islamic finance in all regulated sectors.

The SECP has revamped the Shariah governance framework and also issued guidelines for Offering Islamic Financial Services that are enabling industry to achieve many firsts during the year.