ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has raised Rs 307 billion during 2025-26 through the issuance of 72 Sukuk, according to data released on Monday.
To facilitate corporate Sukuk issuance, the SECP has issued “A Practical Guide and Toolkit for Corporate Issuers” to standardise Sukuk structures and documentation, making the issuance process simpler, faster, and more cost-effective.
The initiative, in line with the Ministry of Finance’s direction to deepen Pakistan’s corporate debt market, aims to enable more companies to raise Shariah-compliant financing through the capital market.
During the last fiscal year, 72 Sukuk issuances raised around Rs 307 billion, reflecting the growing significance of Islamic financing in Pakistan’s capital market.
The guidebook provides a step-by-step explanation of the Sukuk issuance process, covering regulatory requirements, standardised structures, model transaction flows, sample applications, and illustrative legal documents. It is expected to reduce legal and structuring complexities, transaction costs, and issuance timelines, particularly for first-time issuers.
Developed through SECP’s regulatory experience and consultations with its Shariah Advisory Committee, industry experts, legal practitioners and market participants, the guidebook also addresses a key recommendation of the Corporate Debt Market Survey regarding the need for standardised Sukuk structures and documentation.
The SECP expects the initiative to broaden financing options for companies and support the development of Pakistan’s corporate debt and Islamic capital markets.
Copyright Business Recorder, 2026