Regulatory Alerts2026-06-12 | IFPD Circular No. 01 of 2026Added
Placement of Funds of Islamic Banking Institutions with Conventional Parent or Head Office
Islamic Banking Institutions are prohibited from placing funds with their conventional parent or head office based on the contract of loan (Qard) or any other form of subsidized financing. Any existing placements under these arrangements must be withdrawn with immediate effect. This prohibition does not apply to funds placed at the Head office for meeting regulatory requirements.
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