Islamic finance is a growing industry in Pakistan, and Shariah-compliant investment is a significant part of that growth. Shariah-compliant investment refers to investments that adhere to the principles of Islamic law, also known as Shariah. These principles include a ban on interest and a prohibition on investing in certain industries. We will take a closer look at Shariah-compliant investment in Pakistan and discuss the growth and potential of this industry.
Islamic finance has been gaining popularity in Pakistan in recent years. The government has taken steps to promote the growth of the industry, such as creating the State Bank of Pakistan's Shariah Board and SECPs’ initiative to facilitate the growth of Islamic finance.
Click here to download: List of Shariah Compliant Shares
The growth of Shariah-compliant investment in Pakistan has been significant growth phase in recent years. The growth of Shariah-compliant investment has been driven by several factors, including the increasing awareness of Islamic finance among the general population, government support for the industry, and the development of new financial products that meet the needs of investors.
The potential for future growth of Shariah-compliant investment in Pakistan is significant. The population of Pakistan is largely Muslim, and there is a growing awareness of the benefits of Islamic finance among the general population. As the industry continues to grow, more financial products that meet the needs.
The investors willing to invest in shariah complaint stocks follows PSX-KMI All share index. The index comprises of all the stocks that are compliant with the shariah status, index is also reclassified as per the scheduled of the Pakistan Stock Exchange.
Abbasi & Company being one of the fastest growing retail brokerage firms in Pakistan, have introduced a separate shariah complaint account services for the investors. In Shariah complaint account investor can only invest in Shariah Stocks as per the below criteria for shariah screening introduced by the exchange:
6 6 Shadman, Lahore, Pakistan. (Near China Chowk)
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