The Presidents/Chief Executive Officers
All Islamic Banks/Islamic Banking Branches/Conventional Banks having Islamic Branches
Statutory Liquidity Requirement
Please refer to DMMD Circular no. 05 dated March 08, 2018 on the above subject and DMMD Circular No. 17 dated October 15, 2014 related to SBP Bai-Muajjal transactions.
In terms of Government of
Pakistan’s Notification No. S.R.O.
30 (I)/2019 dated January 09, 2019 (Annexure-A)
the obligations of State Bank of Pakistan
arising from Bai-Muajjal transaction shall
be approved security for the purpose of
sub-section (1) of Section 29 of the Banking
Companies Ordinance, 1962.
All other instructions on the subject shall remain unchanged.