Pakistan Stock Exchange (PSX) is the proud recipient of the Best Islamic Stock Exchange Award presented by Global Islamic Finance Awards (GIFA). PSX has not only won this award once but thrice over – first in 2021, then in 2022, and, most recently, in 2023, as well. This is an accolade that is well respected not only in the Islamic world but is also recognised globally.
GIFA is an internationally respected platform recognising excellence in banking and finance in the Islamic world. Since 2011, the Awards have been presented to individuals, institutions and government departments globally who have shown outstanding performance in promoting Islamic banking and finance and in terms of commitment to social responsibility. GIFA is the only global Islamic finance awards programme covering all parts of the world and includes all institutions and individuals who have contributed to growth and expansion of Islamic banking & finance with Sharia authenticity.
Islamic equity and debt products form a large portion of the demand in international capital markets. At present*, PSX lists 251 Shariah compliant companies which capture more than 65 percent of the total market cap. PSX’s winning this accolade shows that it is a premium platform for listing and investing of Islamic capital market products. It is a testament to the excellence of the regulatory, operational, technological standards and products offered by PSX in providing superior Islamic products and facilitating Shariah-compliant equity and debt listings.