SECP approves Al-Hilal for Shariah compliant company checks

March 10, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has granted approval to Al-Hilal Shariah Advisors to conduct Shariah compliance screening of companies, a move aimed at strengthening Islamic investment in Pakistan.

This development allows investors to access independent Shariah assessments beyond the stock exchange, enhancing transparency and confidence in Shariah-compliant investments.

SECP stated that the approval is expected to increase the number of institutions providing Shariah screening, fostering a competitive environment in the market.

The regulator also declared that the list of Shariah-compliant companies will be updated every three months based on companies’ financial data, ensuring that investors have accurate and up-to-date information.

Currently, the Pakistan stock market lists 308 Shariah-compliant companies, and the trend of investment in Shariah-compliant indexes is steadily growing.

The establishment of new Islamic indexes is expected to further promote Shariah-compliant investments, attracting both institutional and retail investors to Pakistan’s expanding Islamic finance sector.

SECP emphasized that these measures will provide investors with more reliable tools for Islamic investing, streamline the Shariah compliance verification process, and boost overall investor confidence.

This initiative will also support the development of a robust Islamic finance ecosystem in the country, opening new opportunities for ethical and compliant investment.

The approval of Al-Hilal Shariah Advisors reflects Pakistan’s commitment to enhancing transparency in Shariah-compliant investment and creating a more competitive and dynamic market for Islamic financial products.

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