The ultimate objective of IFD is to create a standardized and harmonized regulatory and supervisory framework, for a vibrant Islamic primary and secondary capital market. In pursuit of this objective, IFD proposes to adopt a maximum number of Shariah accounting, auditing, governance and ethics standards, especially those issued by the Accounting and Auditing Organization for Islamic Financial Institutions. As a member of the Islamic Financial Services Board, the SECP is aiming to reach the highest level of standards in order to be at par with the international regulators for ensuring effective and efficient regulation of the Islamic capital market in Pakistan.
  01/01/2016 - 05/03/2016

Islamic Financial Accounting Standards


Date Title Download
27/04/2018 IFAS-2-Ijarah
27/04/2018 IFAS-1-Murabaha
04/02/2022 Register of Shariah Compliant Securities
04/02/2022 Register of Shariah Compliant Companies
19/07/2023 Register of Shariah Compliant Securities
19/07/2023 Register of Shariah Compliant Securities
19/07/2023 Register of Shariah Compliant Securities
  01/01/2016 - 05/03/2016

Shariah Standards


Date Title Download
27/04/2018 Shariah Standard No.13
27/04/2018 Shariah Standard No.9
27/04/2018 Shariah standard No.8
27/04/2018 Shariah Standard No.3
02/05/2018 Notification for Shariah Standards 17, 18, 23
02/05/2018 Shariah Standard No.23
02/05/2018 Shariah Standard No.18
02/05/2018 Shariah Standard No.17
02/05/2018 Notification of Shari’ah Standards No.3,8,9 and 13 SRO 45 of 2016
16/10/2023 Agreements of Musharakah, Shariah structure, Sukuk issuance and Sukuk subscription and Issue agency