PSX Launches a Shariah Trading Counter for Shares and Sukuk
Investors can trade eligible shares and Sukuk on the new counter.
The Pakistan Stock Exchange has launched a dedicated Shariah-compliant trading counter, so investors can trade eligible shares and Sukuk. A Shariah trading counter is a separate desk on the exchange for trades that follow Islamic finance rules.
The counter is dedicated, meaning it is set aside for this purpose. Shariah-compliant means the products fit those Islamic finance rules. Investors can trade two kinds of instruments there. Eligible shares are the company shares that qualify. Sukuk are Islamic certificates used where a conventional bond would otherwise sit. The update says the counter has been launched. It does not list the eligible shares.
What the Shariah trading counter lets investors buy
The counter is on the Pakistan Stock Exchange. It is for eligible shares and for Sukuk. The launch has already happened. The update does not give a fee, a first-day volume, or the names of the shares.
Our verdict
The Pakistan Stock Exchange has opened a dedicated Shariah trading counter. Investors can use it to trade eligible shares and Sukuk.
Follow for more updates.
Frequently asked questions
What has the Pakistan Stock Exchange launched?
A dedicated Shariah-compliant trading counter.
What can investors trade on it?
Eligible shares and Sukuk.
What does Shariah-compliant mean here?
The products fit Islamic finance rules.
Are the eligible shares named?
The update says eligible shares can be traded. It does not name them.
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