10.09.2012 - Pakistan: SECP may set up shariah board to develop Islamic capital market
For developing an Islamic capital market in line with best practices globally, the Securities and Exchange Commission of Pakistan (SECP) is contemplating the establishment of a shariah board, an official said. The board, comprising eminent Islamic scholars and market professionals, would ensure that all the products/ services offered under this umbrella are in conformity with the shariah principles. “Also, efforts will be made for consolidation of existing Islamic institutions and development of innovative shariah- compliant institutions, products and services in order to deepen the capital market,” the official said...............................................Full Article: Source
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