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IBIs

SBP wins IFN global award for promoting Islamic finance

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sbp

KARACHI: The State Bank of Pakistan (SBP) has won the Best Central Bank of 2021 award for promoting Islamic finance, a statement said. The Islamic Finance News (IFN), an arm of RED money Group, Malaysia, announced the SBP as the best central bank of 2021 across the world in promoting Islamic finance. The results of … Read more

SBP introduces Shariah-compliant liquidity facilities for Islamic banking institutions

by
SBP

KARACHI: The State Bank of Pakistan (SBP) has introduced a Shariah-compliant standing ceiling facility and open market operations (injections) for the Islamic banking institutions (IBIs), a statement said. As the size of the Islamic banking industry is increasing, the central bank recognises the need to introduce Shariah-compliant liquidity facilities for IBIs. With a view to … Read more

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