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Pakistani SEC approves reforms for Islamic finance firms, enhancing transparency and investor rights.
The Securities and Exchange Commission of Pakistan has approved amendments to regulations governing Modarabas, Islamic financial institutions.
The changes aim to modernize the sector by introducing unlisted Modarabas, enhancing transparency, and improving investor rights.
The amendments also streamline regulatory oversight, transforming some criminal offenses into civil matters.
These reforms are part of efforts to align with the government's goal of modernizing the legal framework for Islamic finance.
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La SEC pakistaní aprueba las reformas para las empresas financieras islámicas, mejorando la transparencia y los derechos de los inversores.