Please refer to BSD circular No. 26 dated October 17, 2008.

2) In terms of Government of Pakistan’s notification dated March 05, 2008, Sukuks issued by National Industrial Parks Management and Development Company have been notified as approved security for the purpose of Statutory Liquidity Requirement (SLR) under subsection (1) of Section 29 of the Banking Companies Ordinance 1962, only to the extent of 5% of their Demand and Time Liabilities for all Islamic Banks and Islamic Banking Branches. Furthermore, these Sukuks have also been notified as approved security for the purpose of subsection (2) of Section 13 of the subject Ordinance.

3) All other instructions on the subject shall remain unchanged.

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