The Presidents / Chief Executive Officers
All Banks
Dear
Sirs / Madam,
Guidelines
on Islamic Financing for Agriculture
Keeping
in view the potential and demand for Islamic banking
products in the area of agriculture, SBP, in consultation
with stakeholders, has developed the attached guidelines
on Islamic financing for agriculture to facilitate
banks in developing specific Shariah compliant products
to meet financing needs of the farming community.
Banks
are advised to use the guidelines for developing their
own Shariah compliant products for financing to agriculture
sector according to their policy and operational &
market requirements, subject to compliance with SBP
regulations and approval from their Shariah Advisor.
Please acknowledge receipt.
Encl:
As above