2025-03-05 | DMMD Circular No. 03

Added 2026-05-30 · Updated 2026-08-03

SBP Mudarabah Based Financing Facilities Using GoP Ijara Sukuk as Collateral

Eligible Islamic Banking Institutions must pledge GoP Ijara Sukuk held with the Central Depository Company as collateral to avail SBP’s Mudarabah Based Financing Facilities, including the Standing Ceiling Facility and Open Market Operations. The market value of the collateral must cover the financing amount, expected profit, and applicable haircut, with values determined using revaluation rates published by FMAP. Institutions are required to submit deal confirmations via the Data Acquisition Portal using a revised format and adhere to specific Group IDs for pledging in the Central Depository System.

Pakistan

State Bank of Pakistan

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