Islamic finance: SECP sets up Shariah advisory board
Board will provide guidance to commission, give Shariah opinion on laws, rules, regulations, agreements and documents
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) has set up the Shariah Advisory Board according to Section 9 of the 1997 Securities and Exchange Commission of Pakistan Act. The board comprises three Shariah scholars and one technical member. Justice (R) Khalilur Rehman, Mufti Muneebur Rehman and Dr Tahir Mansoori are the Shariah scholars while SECP Head of Islamic Finance Bilal Rasul is the technical member and secretary of the board. Khalilur Rehman has been named as the chairman, said an SECP press release. The board will provide guidance to the commission and give Shariah opinion on the laws, rules, regulations, agreements and documents, put forth to it for the purpose.
Published in The Express Tribune, June 11th, 2015.
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