Pakistan Stock Exchange wins best Islamic bourse award

Published September 15, 2021
A sign of the Pakistan Stock Exchange is seen on its building in Karachi in 2016. — Reuters
A sign of the Pakistan Stock Exchange is seen on its building in Karachi in 2016. — Reuters

KARACHI: Pakistan Stock Exchange (PSX) has been awarded the best Islamic stock exchange award by Global Islamic Finance Awards (GIFA) for the year 2021.

PSX has a robust platform for providing Shariah-compliant products including dedicated Islamic indices, equities and debt instruments.

Speaking at the occasion, PSX Chairperson Dr Shamshad Akhtar stated it was definitely an immense achievement for PSX to have won the award. “Islamic equity and debt products form a large portion of the demand in international capital markets. PSX’s winning this accolade shows that it is a premium platform for listing and investing of Islamic capital market products,” she remarked.

She added that the winning of this award endorses that PSX is heading in the right direction in terms of facilitating and providing Islamic capital market products and offerings. “We intend to build on Islamic finance business at PSX, and ensure furthering PSX’s regulatory, operational, technological standards and products in providing diversified Islamic products and facilitating shariah-compliant equity and debt listings”.

Published in Dawn, September 15th, 2021

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