28.07.2011 - Islamic banks show interest in SBP’s discount facility

Islamic banks have started preparing recommendations in the light of Shariah principles to take benefit of discounting facility of the State Bank of Pakistan (SBP) and proposals will be sent to the central bank and finance ministry. Commercial banks borrow from the discount window of SBP for a three-day period to address their cash constraints. This facility is called discounting and the borrowing rate is called discount rate..............................................Full Article: Source

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