Wednesday 21, November 2012 by Robin AmlĂ´t

Pakistan central bank details rules on Mudaraba

The State Bank of Pakistan (SBP), the central bank, has issued detailed instructions for Profit & Loss Distribution and Pool Management in Islamic banking institutions (IBIs) covering deposits backed by asset pools using Mudaraba. The move is designed to improve transparency and disclosures and bring standardisation in IBIs’ profit and loss distribution policies and practices.

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