Please refer to IH&SMEFD Circular No.01 dated January 01, 2013 regarding reduction of rate under Export Finance Scheme.

2.        In this connection we have to advise that for Murabaha, Salam, Istisna agreements etc executed by Islamic Banking Institutions (IBIs) under IERS before issuance of IH&SMEFD Circular No.01 dated January 01, 2013, the price/rate of profit may not be changed. Similarly for all such transactions the profit distribution mechanism ratio between SBP and IBI shall also remain unchanged.

3.         Other instructions on the subject shall remain unchanged.