The Securities and Exchange Commission of Pakistan (SECP) has introduced a new practical guide aimed at making corporate Sukuk issuance easier, faster, and more cost-effective for companies.
The regulator has issued the “Practical Guide for Corporate Issuers”, which provides companies with a structured framework for issuing Sukuk through Pakistan’s capital market.
The guide includes a model transaction flow, sample applications, and legal documents required during the Sukuk issuance process. According to the SECP, standardizing Sukuk structures can help reduce legal complexities, issuance costs, and the time needed to complete transactions.
The initiative is aimed at improving access to Shariah-compliant financing and encouraging companies to use the capital market as an alternative source of funding.
Corporate Sukuk provide businesses with an avenue to raise funds while complying with Islamic finance principles. The SECP said the new guide is part of broader efforts to strengthen Pakistan’s corporate debt market and promote greater use of Sukuk as a financing instrument.
The growing importance of Sukuk in corporate financing is reflected in recent issuance activity. During the last fiscal year, 72 Sukuk issuances raised approximately Rs. 307 billion, according to the SECP.
The regulator expects the new guide to provide prospective issuers with a clearer and more predictable path toward Sukuk-based financing, helping reduce procedural uncertainty and associated costs.
