The Commission in its 27th meeting held on July 19, 2022 reconstituted Shariah Advisory Committee (SAC) in terms of section 11A of the Securities and Exchange Commission of Pakistan Act, 1997 and the Shariah Advisory Committee (SAC) consists of following members:

  • Mufti Irshad Ahmad Aijaz (Chairman)
  • Mufti Ehsan Waqar (Member)
  • Omar Mustafa Ansari (Member)
  • Ahmad Hasan (Member)
  • Head of Islamic Finance  (Ex-Officio Member)

SAC gives its opinion on Islamic capital market matters. The SAC is entrusted to provide a non-binding Shariah opinion on the laws, rules, regulations, agreements, standards, products and documents presented to it. The SAC also advises Commission on Shariah issues presented to it. The guidance and advice of the SAC enhances the credibility of Islamic financial institutions and products.