Islamabad, May 22, 2025 — The Securities and Exchange Commission of Pakistan (SECP) has issued a public warning against individuals and groups misusing social media platforms to promote fraudulent interest-free loan schemes.
According to the SECP, these scams often involve misleading messages, videos, and posts that claim to offer easy and interest-free loans under various guises, including so-called Shariah-compliant financing. The commission emphasized that these campaigns are neither regulated nor backed by any licensed financial institution in Pakistan.
The SECP noted that fraudsters are exploiting religious sentiments and financial desperation to deceive the public, often using fabricated endorsements and false claims of affiliation with registered entities. In several cases, unsuspecting individuals have been lured into paying upfront charges or providing sensitive personal information, only to realize later that they had been scammed.
In its statement, the SECP urged the public to verify the legitimacy of any financial scheme by checking the official list of registered Non-Banking Finance Companies (NBFCs) and licensed financial service providers available on the SECP’s website. It further advised citizens to avoid sharing personal or financial information with unverified sources online.
The regulatory body reaffirmed its commitment to safeguarding investor interests and maintaining the integrity of the financial sector. It also encouraged citizens to report any suspicious activities directly to the SECP for further investigation.
The SECP continues to monitor online platforms and is collaborating with relevant authorities to take necessary actions against those involved in fraudulent financial ac
tivities.
