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You are here: Home»Pakistan»Banking & Finance»SBP advice to IBIs on launching of new products

SBpKARACHI: The State Bank of Pakistan (SBP) has advised the Islamic Banking Institutions (IBIs) to submit to its Islamic Banking Department (IBD) the salient features, product structure, process flow and underlying agreement(s) of the products and services along with certificate from their Shariah Advisers at least 30 days before the proposed launch of new products and/or services.

 

This was stated in IBD Circular Letter No. 02 issued on Friday, says SBP statement issued here.

 

Copyright APP (Associated Press of Pakistan), 2013


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln