The Presidents/Chief Executives,
All Conventional Banks having Islamic Banking Branches.

Dear Sir/Madam,

Shariah Compliant Solutions for Foreign Bill Discounting

Please refer to IBD Circular Letter No. 01 of 2015 dated June 30, 2015 wherein instructions on the subject were issued.

2.         In this regard, the prescribed minimum limit of normal ready transactions referred to in clause 2 of the aforesaid circular letter shall be applicable at the bank level, with immediate effect.

3.          Other instructions on the matter shall remain the same.

4.          Please acknowledge receipt.