SECP adopts Shariah Standards No 17, 18 and 23 of AAOIFI

ISLAMABAD, February 16: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), i.e., Shariah Standard No 17 – Investment Sukuk, Shariah Standard No 18- Possession (Qabd) and Shariah Standard No 23 – Agency and the Act of an un-commissioned agent (Fodooli).