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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

SBP to develop Shariah-compliant short-term papers

Posted on 08 April 2010

From Dailytimes.com.pk: Governor State Bank of Pakistan Salim Raza has disclosed that the SBP is actively working with the industry and the federal government to develop Shariah compliant short-term securities, which will be issued on regular basis.

Speaking on the occasion of a talk on ‘Current Islamic Banking Paradigm and the Way Forward’ by Dr. Umer Chapra, a renowned international scholar on Islamic Economics and Finance on Wednesday, Raza said the State Bank’s immediate objective is to improve and diversify avenues for short-term liquidity management for the Islamic banking industry………………………………………..Full Article: Source

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