"Advancing the Islamic Capital Market: SECP Chairman Highlights Plans for Growth and Promoting Islamic Finance"

"The aim is to promote the Islamic capital market in the next two years", SECP Chairman Akif Saeed said in his address at the first Islamic Capital Markets Conference, adding that "Several companies & financial institutions are approaching to launch Islamic services & products".

Issuance of Sukuk can accelerate the development of the Islamic financial system. Akif Saeed concurred with the SBP Governor and said that after the decision of the Federal Shariah Court, important steps have been taken to promote the Islamic financial system in the country.

SECP has established a special window for the promotion of Islamic finance products; however, government support is still needed for the development of the Islamic capital market, he said, adding that this conference will help in the promotion of Islamic finance.