BUSINESS

Best Award For Pakistan Stock Exchange : PSX Wins Best Islamic Stock Exchange Award 2021

Pakistan Stock Exchange has won the best islamic stock exchange award 2021 by Global Islamic Finance Awards for the first time.

Global Islamic Finance Awards is an International Platform that recognises excellence in banking and finance in the Islamic World.

According to a statement, Pakistan Stock Exchange has a robust platform for providing Shariah-compliant products including dedicated Islamic indices, shariah-compliant equities and debt instruments.

The stock market has listed modarabas and Islamic Commercial Banks as well as products such as Islamic Mutual Funds and an etf.

It boasts of the total listed capital of Shariah-compliant companies of 770 billion rupees as of June 30, 2021, making up 53% of the total listed capital of all listed companies.