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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Capital requirement for Islamic banking subsidiary may be raised

Posted on 14 October 2009

From Dailytimes.com.pk: The State Bank of Pakistan may increase the minimum capital requirement for setting up Islamic banking subsidiary by conventional banks to Rs 5 billion from Rs 1 billion, sources told Daily Times.

The central bank may also require the Islamic banking subsidiaries to maintain the same capital adequacy ratio that conventional banks and Islamic banks have to maintain, the sources added…………………..Full Article: Source

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