ISLAMABAD - Securities and Exchange Commission of Pakistan has enforced the Shariah Governance Regulations 2018 in line with the spirit of the article 38 (f) of the Constitution of Pakistan.
A notification issued to this effect says the jurisdiction of these regulations is the Shariah-compliant corporate sector, Islamic capital markets, Shariah-compliant securities and Islamic financial institutions.
Our Islamabad correspondent reports that enforcement of a comprehensive framework for Shariah-compliant business is a major breakthrough to lay the foundation for a true Islamic financial and economic system in the country.