The Pakistan Stock Exchange won the Best Islamic Stock Exchange Award for 2022. The award was presented by Global Islamic Finance, for the second consecutive year PSX won the Islamic stock Exchange award. The GIFA is an internationally acclaimed platform recognizing excellence in banking and finance in the Islamic world.
According to the PSX press statement issued on Thursday, the Managing Director and Chief Executive Officer of PSX, Farrukh H. Khan said the exchange was proud and honored to receive the award for the second consecutive year.
“This is an endorsement of the strength and robustness of PSX in presenting a comprehensive suite of products, offerings, and regulatory enhancements in the Islamic finance sector,” he said while speaking on the occasion.
He said PSX provides a platform for financial institutions is creating and bring new products by offerings including Sukuks, Shariah-compliant mutual funds, modarabas, ETFs, and others.
This Award, he said, was recognition of excellence and achievement on part of PSX in offering Islamic finance products and offerings. On this special occasion, He also thanked GIFA for bestowing the exchange with this honor which would not have been possible without the support of the Securities and Exchange Commission of Pakistan (SECP), the PSX board, and the management team.