The
Chief Executives/Presidents,
All Banks.
Dear
Sirs/Madam,
Payment
of Returns to Investors and Depositors –
Enforcement of Islamic Principles
Please
refer to BPD Circular No. 20 dated 25th June 2003 on the
captioned subject.
At present, banks are required to furnish separate half
yearly statements of PLS rates (declared and paid by them
to their PLS depositors for each half year) to Banking Policy
and Statistics Departments. The matter has been reviewed
and it has been decided that, henceforth, the banks will
not be required to send these statements to Banking Policy
Department. In future, therefore, these statements should
only be sent to the Statistics Department.
Other terms and conditions will, however, remain unchanged.
Please acknowledge receipt.