Regulatory Alerts2017-11-15
Added · Updated
Shariah Advisors Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes mandatory registration, eligibility, and conduct standards for Shariah Advisors providing services to regulated entities. The regulations define specific educational and experience thresholds for individuals and firms, prohibit unregistered practice, and impose limits on concurrent appointments to prevent conflicts of interest. Appointing companies are required to disclose advisor compensation, ensure board-level oversight, and publicly disseminate detailed Shariah opinions, while advisors must adhere to strict professional behavior principles and reporting obligations.
Topics
islamic-finance
governance
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