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Pakistan regulator to adopt 7 new Islamic finance standards

Reuters 

(Reuters) - Pakistan's capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules to help streamline industry practices.The Securities and Exchange Commission of Pakistan (SECP) said it had opened a two-week public consultation period for the standards, which are to be issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).The sharia standards cover areas including indices, liquidity tools, capital protection and agency agreements, and follow three other AAOIFI ...

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First Published: Wed, April 11 2018. 09:37 IST
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