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ISLAMABAD, August 10, 2026: The Securities and Exchange Commission of Pakistan (SECP) has issued a practical guide to help companies issue Sukuk more easily and at lower costs.
The “Practical Guide and Toolkit for Corporate Issuers” aims to standardize Sukuk structures and documentation. It is also expected to reduce the time and complexity involved in raising Shariah-compliant financing through Pakistan’s capital market.
The initiative follows the Ministry of Finance’s direction to strengthen the country’s corporate debt market. It also seeks to give companies more financing options through Islamic capital market instruments.
Corporate Sukuk activity has continued to grow. During the last fiscal year, companies completed 72 Sukuk issuances worth around Rs307 billion, highlighting the increasing role of Islamic financing in Pakistan’s capital market.
The new guide explains the Sukuk issuance process step by step. It covers regulatory requirements, standardized structures, transaction flows, sample applications and model legal documents.
As a result, the toolkit could help companies reduce legal and structuring complexities. It could also lower transaction costs and shorten issuance timelines, particularly for first-time issuers.
SECP developed the guide after drawing on its regulatory experience and consulting its Shariah Advisory Committee, industry experts, legal practitioners and other market participants.
The regulator said the guide also addresses a key recommendation from its Corporate Debt Market Survey. The survey called for standardized Sukuk structures and documentation to facilitate greater market participation.
SECP expects the initiative to broaden corporate financing options. Moreover, it aims to support the growth of Pakistan’s corporate debt market and strengthen the country’s Islamic capital markets.
