SBP restricts Islamic banking loan to parent bank
Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
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Tag: Islamic banking
SBP notifies fresh instructions on Islamic banking windows operations
New measures allow banks and microfinance banks greater flexibility in converting branches to Islamic banking operations.
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SBP introduces Shariah compliant OMO injections
KARACHI: The State Bank of Pakistan (SBP) on Wednesday introduced Shariah Compliant Standing Ceiling facility and Open Market Operations (OMO) injections for Islamic banking Institutions (IBIs). As the size of the Islamic banking industry is increasing, SBP recognizes the need to introduce Shariah compliant liquidity facilities for IBIs. With a view to bring IBIs at […]
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President Alvi asks banks to support research students
KARACHI: The President of Pakistan, Dr. Arif Alvi Monday asked the banks to guide students in their conducting research studies.
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SBP issues five-year strategic plan for growth of Islamic banking
KARACHI: State Bank of Pakistan (SBP) on Monday issued third five-year Strategic Plan for the Islamic Banking Industry. The strategic plan has set headline targets for Islamic banking industry to be achieved by 2025. These include: (i) 30 percent share in both assets and deposits of overall banking industry, (ii) 35 percent share in branch […]
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