Islamic finance
Engro Strengthens Telecom Sector with $475 Million Shariah Financing
Engro has secured $475 million (Rs133 billion) in Islamic financing to expand its telecom infrastructure, marking a major step in Pakistan’s digital growth. The funding…
Fitch-Rated Sukuk Market Jumps to $231 Billion in 3Q2025
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
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 Proposes Legal Framework for Waqf Companies
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
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)…
