Dawood Equities Limited (DEL) has officially entered the Islamic capital markets by obtaining a Shariah opinion from Al Hilal Shariah Advisors (Pvt.) Limited for the establishment of its dedicated Islamic Brokerage Window. This strategic move allows the company to operate as a Shariah-compliant brokerage house in respect of its Islamic window, offering investors a transparent and ethically governed platform for trading.
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The development, announced via a notice to the Pakistan Stock Exchange (PSX) on June 4, 2026, demonstrates DEL’s commitment to expanding financial inclusion by catering to the growing demand for Shariah-compliant investment avenues in Pakistan.
Stringent Shariah Compliance & Governance
To ensure strict adherence to Islamic financial principles, DEL engaged Al Hilal Shariah Advisors to guide the entire setup process. The advisory firm conducted a comprehensive review of DEL’s business model, operational framework, trading and settlement processes, and governance arrangements for the window. Upon concluding that all aspects comply with Shariah guidelines, Al Hilal granted the formal Shariah opinion, enabling DEL to apply for and receive the status of a Shariah-compliant brokerage house.
| Key Aspect | Detail |
|---|---|
| Company | Dawood Equities Limited (DEL) |
| New Offering | Shariah-Compliant Islamic Brokerage Window |
| Shariah Advisor | Al Hilal Shariah Advisors (Pvt.) Limited |
| Effective Date | June 4, 2026 |
| Regulatory Body | Pakistan Stock Exchange (PSX) |
Strategic Alignment with SECP’s Vision
This launch comes at a pivotal time, aligning with the Securities and Exchange Commission of Pakistan’s (SECP) mandate for the phased adoption of Shariah-compliant trading mechanisms. Under the regulatory framework, institutions are required to include at least one Shariah-compliant securities broker in their panel by June 30, 2026. Through this window, investors will be able to directly invest in Shariah-compliant shares, Sukuk, and Islamic ETFs.
About Dawood Equities Limited
Dawood Equities Limited (DEL) is a leading brokerage house in Pakistan, now expanding its portfolio to include state-of-the-art Shariah-compliant financial services. The launch of its Islamic Brokerage Window reinforces its dedication to providing diversified, ethical, and innovative investment solutions.
About Al Hilal Shariah Advisors
Al Hilal Shariah Advisors (Pvt.) Limited is a renowned provider of Islamic financial advisory services, specializing in Shariah advisory, structuring, and audit for Islamic financial institutions.
