Fitch-Rated Sukuk Market Jumps to $231 Billion in 3Q2025

By Manik Aftab ⏐ 1 month ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Fitch-rated sukuk continued their upward trend in 2025, reaching $231 billion by the end of the third quarter, with the rating agency calling July to…

Council of Islamic Ideology Declares Withholding Tax on Cash Withdrawals Un-Islamic

By Sabica Tahira ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Council of Islamic Ideology (CII) has termed the withholding tax on cash withdrawals and transfers as unjust and un-Islamic, urging lawmakers to take corrective…

Secp

SECP Proposes Legal Framework for Waqf Companies

By Sabica Tahira ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Securities and Exchange Commission of Pakistan (SECP) has proposed a landmark amendment to the Companies Act, 2017 by introducing Section 42A, which would establish…

SECP Proposes Alternate Dispute Resolution Mechanism for Islamic Finance Contracts

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Islamabad: Under strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector, the SECP intends to introduce an alternate dispute resolution (ADR)…

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