{"id":70886,"date":"2023-03-04T10:30:28","date_gmt":"2023-03-04T05:30:28","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=70886"},"modified":"2023-03-04T02:38:01","modified_gmt":"2023-03-03T21:38:01","slug":"secp-proposes-shariah-governance-regulations-2023","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/","title":{"rendered":"SECP proposes Shariah Governance Regulations 2023"},"content":{"rendered":"<p>Islamabad, Mar 3 (Online): As part of its agenda to promote Islamic financial markets in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development and simplify the Shariah screening criteria and stock screening process. The draft regulations, which have been made available for public comment, aim to strengthen the framework for Shariah-compliant businesses, Shariah-compliant securities, and Shariah advisors.<\/p>\n<p>The proposed regulations provide for a complete process for the construction of an Islamic index at the stock exchange and introduce the concept of Shariah supervisory boards. In addition, the Shariah Governance Regulations, 2018, and the Shariah Advisors Regulations, 2017 have been integrated to remove overlapping provisions and requirements.<\/p>\n<p>The proposed regulations are framed in a simple manner to provide greater clarity and simplicity to Shariah-compliant companies, Shariah-compliant securities issuers, stock screening participants, Shariah advisors, and other connected parties. By promoting Shariah-compliant financial products, the proposed regulations will contribute to the constitutional goal of eliminating Riba and Islamizing the economy.<\/p>\n<p>SECP also intends to organise stakeholder consultation sessions in Karachi and Lahore in collaboration with the Pakistan Stock Exchange, the Federation of Pakistan Chambers of Commerce and Industry, and other stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad, Mar 3 (Online): As part of its agenda to promote Islamic financial markets in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development and simplify the Shariah screening criteria and [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":70887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-70886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP proposes Shariah Governance Regulations 2023<\/title>\n<meta name=\"description\" content=\"SECP proposes Shariah Governance Regulations 2023\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SECP proposes Shariah Governance Regulations 2023\" \/>\n<meta name=\"twitter:description\" content=\"SECP proposes Shariah Governance Regulations 2023\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\"},\"author\":{\"name\":\"News Desk\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f\"},\"headline\":\"SECP proposes Shariah Governance Regulations 2023\",\"datePublished\":\"2023-03-04T05:30:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg\",\"articleSection\":[\"Business &amp; Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\",\"url\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\",\"name\":\"SECP proposes Shariah Governance Regulations 2023\",\"isPartOf\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg\",\"datePublished\":\"2023-03-04T05:30:28+00:00\",\"description\":\"SECP proposes Shariah Governance Regulations 2023\",\"breadcrumb\":{\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage\",\"url\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg\",\"contentUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg\",\"width\":660,\"height\":360},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pni.net.pk\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SECP proposes Shariah Governance Regulations 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pni.net.pk\/en\/#website\",\"url\":\"https:\/\/pni.net.pk\/en\/\",\"name\":\"Pakistan News International\",\"description\":\"Latest News, Breaking News from Pakistan\",\"publisher\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pni.net.pk\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/pni.net.pk\/en\/#organization\",\"name\":\"Pakistan News International\",\"url\":\"https:\/\/pni.net.pk\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg\",\"contentUrl\":\"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg\",\"width\":431,\"height\":121,\"caption\":\"Pakistan News International\"},\"image\":{\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f\",\"name\":\"News Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pni.net.pk\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g\",\"caption\":\"News Desk\"},\"url\":\"https:\/\/pni.net.pk\/en\/author\/zafarmalik\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP proposes Shariah Governance Regulations 2023","description":"SECP proposes Shariah Governance Regulations 2023","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/","twitter_card":"summary_large_image","twitter_title":"SECP proposes Shariah Governance Regulations 2023","twitter_description":"SECP proposes Shariah Governance Regulations 2023","twitter_image":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg","twitter_misc":{"Written by":"News Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#article","isPartOf":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/"},"author":{"name":"News Desk","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f"},"headline":"SECP proposes Shariah Governance Regulations 2023","datePublished":"2023-03-04T05:30:28+00:00","mainEntityOfPage":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/"},"wordCount":204,"publisher":{"@id":"https:\/\/pni.net.pk\/en\/#organization"},"image":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg","articleSection":["Business &amp; Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/","url":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/","name":"SECP proposes Shariah Governance Regulations 2023","isPartOf":{"@id":"https:\/\/pni.net.pk\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage"},"image":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg","datePublished":"2023-03-04T05:30:28+00:00","description":"SECP proposes Shariah Governance Regulations 2023","breadcrumb":{"@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#primaryimage","url":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg","contentUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2023\/03\/111-57.jpg","width":660,"height":360},{"@type":"BreadcrumbList","@id":"https:\/\/pni.net.pk\/en\/latest-business-news\/secp-proposes-shariah-governance-regulations-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pni.net.pk\/en\/"},{"@type":"ListItem","position":2,"name":"SECP proposes Shariah Governance Regulations 2023"}]},{"@type":"WebSite","@id":"https:\/\/pni.net.pk\/en\/#website","url":"https:\/\/pni.net.pk\/en\/","name":"Pakistan News International","description":"Latest News, Breaking News from Pakistan","publisher":{"@id":"https:\/\/pni.net.pk\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pni.net.pk\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pni.net.pk\/en\/#organization","name":"Pakistan News International","url":"https:\/\/pni.net.pk\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/","url":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg","contentUrl":"https:\/\/pni.net.pk\/en\/wp-content\/uploads\/2021\/12\/site-logo.jpg","width":431,"height":121,"caption":"Pakistan News International"},"image":{"@id":"https:\/\/pni.net.pk\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/2b326eefbddc9c3b180116b6f37cce9f","name":"News Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pni.net.pk\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e9ad84679b4a782d4fff9ca3763ebbd7e2cb1b0bb77b91492bba01714a2b4f?s=96&d=mm&r=g","caption":"News Desk"},"url":"https:\/\/pni.net.pk\/en\/author\/zafarmalik\/"}]}},"_links":{"self":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/70886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/comments?post=70886"}],"version-history":[{"count":1,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/70886\/revisions"}],"predecessor-version":[{"id":70888,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/posts\/70886\/revisions\/70888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/media\/70887"}],"wp:attachment":[{"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/media?parent=70886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/categories?post=70886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pni.net.pk\/en\/wp-json\/wp\/v2\/tags?post=70886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}