In order to develop the sukuk (Islamic bond) market on a stronger footing, the Securities and Exchange Commission of Pakistan (SECP) has drafted the Issuance of Sukuk Regulations, 2012 to elicit public comments. The public can submit their comments by October 15.
A SECP statement said that the regulations are aimed at facilitating the issuers and to provide comfort to the sukuk investors. The regulations broadly cover eligibility and conditions for issuance of sukuk, disclosure and reporting requirements, and appointment of trustee and Sharia advisor………………………………………..Full Article: Source