About MRA Wiqaya
Wiqaya means “Mehfooz Sarmaya” — Safe and Secure Investment. A dedicated Shariah-compliant trading window powered by MRA Securities Limited.
Wiqaya Means “Mehfooz Sarmaya”
In Arabic jurisprudence, Wiqaya translates to a safeguard or shield. In the context of capital markets, it represents “Mehfooz Sarmaya” — shielding an investor’s wealth from unlawful earnings (Riba), interest-bearing leverage, and speculative ruin.
Powered by MRA Securities Limited, MRA Wiqaya is engineered for individuals and institutions who refuse to compromise their faith when building long-term prosperity. All trading infrastructure is locked strictly to Shariah-compliant equities, with physical delivery settlement and dedicated Islamic banking reserves.
“Grow your wealth with faith, confidence, and peace of mind.”
Conventional Brokerage vs. MRA Wiqaya
See exactly how MRA Wiqaya protects your capital from interest, speculative loans, and impermissible enterprise activities.
| Operational Dimension | Conventional PSX Brokerage | MRA Wiqaya (Shariah Window) |
|---|---|---|
Tradable Securities Universe Prohibition of investing in entities with impermissible core activities or non-halal balance sheets. | All 500+ listed PSX companies, including conventional banks, tobacco, breweries, and high-debt issuers. | Strictly KMI-30 and SECP-approved Shariah compliant equities (~250 permissible companies). |
Cash Accounts & Banking Channels Amanah (Trust) and complete segregation from Riba-bearing banking operations. | Client funds placed in conventional interest-accruing omnibus accounts co-mingled with firm balances. | 100% segregated, non-interest-bearing Islamic bank accounts (Meezan Bank, BankIslami, Faysal Islamic). |
Margin Financing & Leverage Absolute prohibition of Riba (interest on borrowed loans) and contractual conditional borrowing. | Interest-based margin lending, Badla (MTS), and leveraged day trading generating finance costs. | Strictly 0% interest-bearing leverage. 100% cash-settled physical share delivery (T+2). |
Short Selling & Blank Sales Bay' ma laa yamlik (Selling that which you do not own is expressly forbidden in authentic Sunnah). | Permitted blank selling, borrowed share lending, and speculative futures derivative contracts. | Strictly locked at the OMS order-management level. Only shares physically owned may be sold. |
Dividend Purification Guidance Purification of incidental non-permissible interest income earned on cash deposits by investee companies. | Zero purification guidance. Investors receive gross dividends with no non-halal income auditing. | Quarterly audited purification reports detailing exact non-compliant income percentages to give to charity. |
Supervisory Governance Independent Fiqhi governance, routine compliance audits, and binding Shariah pronouncements. | Standard corporate regulatory compliance without religious or ethical oversight. | Supervised by Mufti Abu Muhammad Ali Asghar Attari Madani and Halal Economy Advisory Centre (SECP Reg: SECP/IFD/SA/220). |
Tradable Securities Universe
Prohibition of investing in entities with impermissible core activities or non-halal balance sheets.
All 500+ listed PSX companies, including conventional banks, tobacco, breweries, and high-debt issuers.
Strictly KMI-30 and SECP-approved Shariah compliant equities (~250 permissible companies).
Cash Accounts & Banking Channels
Amanah (Trust) and complete segregation from Riba-bearing banking operations.
Client funds placed in conventional interest-accruing omnibus accounts co-mingled with firm balances.
100% segregated, non-interest-bearing Islamic bank accounts (Meezan Bank, BankIslami, Faysal Islamic).
Margin Financing & Leverage
Absolute prohibition of Riba (interest on borrowed loans) and contractual conditional borrowing.
Interest-based margin lending, Badla (MTS), and leveraged day trading generating finance costs.
Strictly 0% interest-bearing leverage. 100% cash-settled physical share delivery (T+2).
Short Selling & Blank Sales
Bay' ma laa yamlik (Selling that which you do not own is expressly forbidden in authentic Sunnah).
Permitted blank selling, borrowed share lending, and speculative futures derivative contracts.
Strictly locked at the OMS order-management level. Only shares physically owned may be sold.
Dividend Purification Guidance
Purification of incidental non-permissible interest income earned on cash deposits by investee companies.
Zero purification guidance. Investors receive gross dividends with no non-halal income auditing.
Quarterly audited purification reports detailing exact non-compliant income percentages to give to charity.
Supervisory Governance
Independent Fiqhi governance, routine compliance audits, and binding Shariah pronouncements.
Standard corporate regulatory compliance without religious or ethical oversight.
Supervised by Mufti Abu Muhammad Ali Asghar Attari Madani and Halal Economy Advisory Centre (SECP Reg: SECP/IFD/SA/220).
Over Three Decades of Capital Market Leadership
Click through our journey of regulatory excellence and PSX institutional recognition.
MRA Wiqaya Dedicated Launch
Secured SECP Shariah Certification (Reg: SECP/IFD/SA/220) in partnership with the Halal Economy Advisory Centre, inaugurating Pakistan's premier dedicated Islamic equity trading window.
“Fiduciary Responsibility Meets Ethical Wealth Creation”
“At MRA Securities, we have always believed that retail investors deserve institutional-grade technology paired with unshakeable integrity. MRA Wiqaya was born to give Pakistani investors the certainty that every rupee traded is treated with complete transparency, segregated security, and zero margin debt.”
Mr. Muhammad Farhan
Executive Director & Principal Sponsor
“Adherence to Authentic Principles of Fiqh al-Muamalat”
“Wiqaya’s operational mechanisms have been reviewed to ensure full alignment with Islamic commercial jurisprudence. By enforcing strict share ownership before sale, eliminating interest-bearing financing, and segregating client balances in Islamic banks, investors are assured of legitimate halal returns.”
Mufti Ali Asghar
Shariah Advisor (HEAC, SECP Reg No. SECP/IFD/SA/220)