Regulatory Alerts2025-01-21 | IFPD Circular Letter No. 01Added · Updated
Instructions for Profit and Loss Distribution and Pool Management for IBIs
The document replaces paragraph 2.3.1 of the Instructions for Profit and Loss Distribution and Pool Management for IBIs to specify that provisions created against non-performing assets, write-offs, and losses on the sale of investments must be charged to the respective pool along with other direct expenses, while any reversal of these provisions or investment values is allocated to the same pool. Additionally, the phrase "(excluding fixed assets)" is deleted from paragraph 2 of IFPD Circular No. 9 dated November 26, 2024. These changes apply to all Islamic Banks and all conventional banks having Islamic Banking Branches.
More like this from SBP
SBP published 6 documents in the last 30 days. We email you each new one the day it's published.