Guidelines for Islamic financial services.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for offering Islamic financial services covering all its regulated sectors.

The guidelines are framed to facilitate the growth of Shariah-compliant financial products which include Islamic capital markets, Takaful, Modarabas, NBFCs, pension and private funds, REITs, and so on.

The guidelines are based on notions of proportionality and gradualism and cover key principles for the conduct of...