Revolutionary reforms by the Securities and Investment Finance Commission (SIIFC) have strengthened Pakistan’s financial and investment sectors, placing the country’s Islamic finance market on a trajectory toward global prominence.
Pakistan’s Islamic financial market has emerged as a hub for unprecedented investment opportunities, with the government working to develop a stable and sustainable framework for the future. In 2025, Pakistan achieved a historic milestone with the issuance of the country’s largest-ever sukuk bond, marking a new achievement on the global financial stage.
The Ministry of Finance, in collaboration with the Debt Management Office and Joint Financial Advisors, successfully issued sukuk bonds worth over Rs2 trillion. During the year, a total of 61 sukuk bonds with fixed and variable returns were issued across one-, three-, five-, and ten-year tenures. Pakistan’s first green sukuk bond attracted overwhelming investor interest, being oversubscribed more than 5.4 times.
Key assets included in the sukuk program were Pakistan Railways, National Highways Authority, Airports, Karachi Port Trust, and other major national institutions. From 2019 to 2025, the total sukuk issuance reached a historic Rs8.7 trillion.
The growth of the Islamic finance market in Pakistan reflects increasing investor confidence and financial resilience. Interest in Shariah-compliant investments has further enhanced the country’s economic foresight and long-term development. A strong macroeconomic base, organized debt management, and a clear Islamic finance roadmap have laid the foundation for continued growth.
Through coordinated and effective strategies, SIIFC has positioned Pakistan’s Islamic investment and financial sector as a stable and globally competitive market.
