(INP): For the third year in a row, PSX wins the Best Islamic Stock Exchange Award in 2023
A very exciting milestone for Pakistan Stock Exchange (PSX) is that Global Islamic Finance Awards (GIFA) has given PSX the Best Islamic Stock Exchange Award 2023. This renowned award has been given to PSX for the third year in a row. An internationally renowned platform that honors achievement in Islamic banking and finance is known as GIFA. Since 2011, the Awards have been given to people, organizations, and government agencies all over the world who have excelled at promoting Islamic banking and finance and their dedication to social responsibility. “Pakistan Stock Exchange is very proud to have been presented the Global Islamic Finance Award for the third consecutive year by Global Finance,” PSX MD & CEO Mr. Farrukh H. Khan said during his remarks at the event.
We are honored that GIFA has recognized our dedication to supplying top-notch Islamic finance products, offerings, and regulatory improvements. The Pakistan Stock Exchange, he continued, is a reliable and solid platform for capital raising and Shariah-compliant products.
The PSX offers a great platform for investors to direct their money into Islamic financial offerings as well as for financial institutions to develop and introduce new products, such as Sukuks, Shariah-compliant mutual funds, modarabas, ETFs, and others to help corporates and GOP raise money from the capital markets. Together, the 251 Shariah-compliant companies listed on the PSX account for more than 65 percent of the total market cap. We truly appreciate GIFA giving us this honor. We were able to win this unique honor thanks to the support and competent leadership of the SECP, PSX board, and management team.