The Presidents / Chief Executive Officers,

All Islamic Banks, Islamic Banking Subsidiary and

All Conventional Banks having Islamic Banking Branches

Dear Madam / Sir,

Change in nomenclature of ‘SBP Shariah Board’ to ‘Shariah Advisory Committee’

It is informed that the ‘Shariah Board of State Bank of Pakistan’ (SBP) has been renamed as ‘Shariah Advisory Committee’ (SAC) with immediate effect. Therefore, the nomenclature of SBP Shariah Board as used in all SBP communications including Circulars, Circular Letters, Regulations and Guidelines may be read as ‘Shariah Advisory Committee’.

Please acknowledge receipt.