 has awarded Pakistan Stock Exchange (PSX) the Best Islamic Stock Exchange Award for 2021){kind=link}
The Global Islamic Finance Award (GIFA) has awarded Pakistan Stock Exchange (PSX) the Best Islamic Stock Exchange Award for 2021, national media reported.
According to the details, Pakistan Stock Exchange has provided an excellent platform for Shariah-compliant products, including a dedicated Islamic index, Shariah-compliant equity and debt instruments. PSX has listed Mudaraba and Islamic Commercial Banks, as well as products such as Islamic Mutual Funds and ETFs. Â
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While receiving the best performance award from GIFA, PSX Chairperson Dr Shamshad Akhtar said that this was a great achievement for the Pakistan Stock Exchange, the continuity of which will be maintained in the future.
Speaking to the media PSX spokesperson said that Shariah-compliant companies have a total listed capital of Rs 770 billion, which is 53% of the total listed capital of all listed companies.
GIFA is the only global Islamic finance award program, which has a worldwide reputation, with steps taken for the development of Islamic banking and finance with sharia authenticity.