The News International: State Bank of Pakistan on Tuesday issued the guidelines on Islamic financing for agriculture to help banks develop specific Shariah compliant products in order to meet the financing needs of the farming community.
These Guidelines have been developed in consultation with stakeholders while keeping in view the potential and demand for Islamic banking products in the field of agriculture, says SBP statement here.
The Guidelines broadly cover Islamic modes of financing like Murabaha, Ijara, Musawamah, Salam, Istisna, Musharaka, Diminishing Musharaka, Mudaraba, Muzara, Musaqat, and Mugharasa that can be used for meeting the financing requirements of farm and non farm sector activities including livestock, fisheries, poultry, orchards etc...Continue Reading
Thursday, February 5, 2009
SBP issues guidelines on Islamic financing for agriculture
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