SECP launches Islamic finance bulletin for FY23
The Securities and Exchange Commission of Pakistan (SECP) has published its first Islamic Finance Bulletin for the financial year 2022-23, aimed at providing up-to-date data, insights into new developments, and a deeper understanding of regulatory reforms in the Islamic financial services industry. The bulletin provides essential information on the Islamic financial services industry, including Islamic capital markets, non-banking financial institutions, and Takaful, while also offering a future perspective on SECP’s policies, regulated sectors, and cooperation. The commission has conducted a diagnostic review of Islamic finance in its regulated sectors and subsequently published its report in February last year, capturing information, data, challenges, and opportunities along with policy recommendations.