For a third consecutive year, the Pakistan Stock Exchange (PSX) on Monday was awarded the Best Islamic Stock Exchange Award 2023 by the Global Islamic Finance Awards (GIFA).
According to an official statement, GIFA — an internationally acclaimed platform recognising excellence in Islamic banking and finance — has been issuing awards since 2011.
As per the PSX since its inception, the awards have been “presented to individuals, institutions and government departments across the world who have shown outstanding performance in promoting Islamic banking and finance and for commitment to social responsibility”.
“The Pakistan Stock Exchange is very proud to have been presented the Global Islamic Finance Award for the third consecutive year by Global Islamic Finance Awards. We are honored by GIFA for recognising us for our commitment to providing excellence in Islamic finance products, offerings, and regulatory enhancements,” PSX MD and CEO Farrukh H Khan was quoted as saying.
The PSX MD added that the bourse is a “robust and strong platform for Shariah-compliant products and capital raising”.