PSX Launches Shariah Trading Counter for Islamic Investors
PSX has launched a Shariah trading counter for Shariah-compliant shares and Sukuk. 39 brokers, Murabaha financing, no short selling. How to start trading.
The Pakistan Stock Exchange (PSX) has launched a dedicated Shariah trading counter where investors can buy and sell only Shariah-compliant shares, government Ijarah Sukuk and corporate Sukuk. The launch follows SECP’s approval of the Shariah Trading Counter Regulations. Interest-based financing, short selling and derivatives are not allowed; 39 brokers have joined through Islamic windows and two more operate as fully Shariah-compliant brokers.
PSX Shariah trading counter at a glance
| Item | Detail |
|---|---|
| What can be traded | Shariah-compliant shares, government Ijarah Sukuk, corporate Sukuk |
| Not allowed | Interest-based financing, short selling, derivatives |
| Financing option | Murabaha Share Financing (MSF) |
| Brokers | 39 brokers via Islamic windows + 2 fully Shariah-compliant brokers |
| Accounts | Regular or Sahulat accounts with Shariah-compliant client documents |
| Check eligible stocks | New Shariah portal on the PSX Data Portal |
| Regulator | SECP (Shariah Trading Counter Regulations) |
Source: PSX and SECP announcement, as reported on 29 October 2026.
How to start trading on the Shariah counter
- Choose a broker that offers an Islamic window or is a licensed Shariah-compliant broker.
- Open a regular or Sahulat account using the Shariah-compliant customer relationship and risk disclosure documents.
- Check which shares and Sukuk are eligible on the Shariah portal of the PSX Data Portal.
- Place orders on the Shariah counter; if you need financing, use Murabaha Share Financing instead of conventional margin financing.
Can I convert my existing portfolio?
Yes. Investors can sell non-compliant holdings to bring their portfolio in line with Islamic principles before trading on the Shariah counter.
Why it matters
Many Pakistani savers avoid the stock market because of concerns about interest and speculation. A separate counter with only Shariah-compliant products, plus Murabaha financing, gives them a clear option. PSX CEO Farrukh H. Sabzwari said investor accounts have crossed 650,000, with Millennials and Gen Z driving new participation. SECP also plans to expand digital retail Sukuk.
Frequently asked questions
What is the PSX Shariah trading counter?
A separate trading platform at PSX for Shariah-compliant shares and Sukuk only, without interest-based financing, short selling or derivatives.
How many brokers offer it?
39 brokers through Islamic windows, plus two fully Shariah-compliant brokers.
Related: SBP limits on bank investment · National Private Equity Framework · Business news
Sources: PSX and SECP announcement as reported by ProPakistani (29 October 2026); background from SECP. Featured image: AI-generated illustration, for representation only.
