Regulatory Alerts2025-05-23
Added · Updated
Circular 12 of 2025
Non-Banking Microfinance Companies (NBMFCs) are exempted from the requirement under Regulation 32(2)(c) of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 to participate in the Apni Chaat Apna Ghar (ACAG) scheme. This relaxation applies exclusively to loans obtained from the Government of Punjab for disbursement under the ACAG scheme, which provides Shariah-compliant, interest-free financing to low-income individuals in Punjab. The exemption is granted under section 282B(3) of the Companies Ordinance, 1984, read with Regulation 67A of the 2008 Regulations.
Topics
islamic-finance
inclusion
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