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State Bank to introduce Islamic financing

Posted on 20 October 2011

The State Bank of Pakistan has developed a model product based on ‘Salam’ to meet the production finance (working capital) needs of country’s farming community.
The SBP said yesterday that the model product developed in consultation with all the stakeholders would facilitate Islamic Banking Institutions (IBIs) in improving the access of agricultural Islamic financing. ………………………………………Full Article: Source

 
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