SECP Approves Pakistan’s First Riba-Free Credit Risk-Sharing Product
In a groundbreaking move for Islamic finance in Pakistan, the Securities and Exchange Commission of Pakistan has approved the country’s first Shariah-compliant credit risk-sharing product. The initiative aims to increase financing access for underserved sectors, including micro, small, and medium enterprises (MSMEs) as well as the agriculture industry. The innovative product has been developed by […]