Banks told to submit info about Sukuk

Published February 28, 2008

KARACHI, Feb 27: The State Bank of Pakistan has advised all Islamic banking institutions i.e. Islamic banks and conventional banks having Islamic banking branches to provide information regarding the issuance of those Sukuk where the Islamic banking institution concerned is involved as an issuer or a lead arranger.

According to a circular issued by SBP here on Wednesday, the said information should be sent, as a footnote to the Quarterly Report of Condition, to the department concerned as per prescribed format attached as annexure from the quarter ending on March 31, 2008.

The banks have been further advised to submit the requisite information about the Sukuk issued till date as per abovementioned format latest by March 10.—APP

Opinion

Editorial

Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...
Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...