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