Regulatory Alerts2026-06-19 | IFPD Circular Letter No. 04 of 2026Added
Shariah Compliant Solutions for Foreign Bill Discounting
The prescribed minimum limit of normal ready transactions referenced in IBD Circular Letter No. 01 of 2015 is now applicable at the bank level for all conventional banks having Islamic Banking Branches. This requirement takes immediate effect, while other existing instructions on the matter remain unchanged.
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IFPD Circular Letter No. 04
Shariah Compliant Solutions for Foreign Bill Discounting
June 19, 2026
46950
The Presidents/Chief Executives, All Conventional Banks having Islamic Banking Branches.
Dear Sir/Madam,
Shariah Compliant Solutions for Foreign Bill Discounting
Please refer to IBD Circular Letter No. 01 of 2015 dated June 30, 2015 wherein instructions on the subject were issued. 2. In this regard, the prescribed minimum limit of normal ready transactions referred to in clause 2 of the aforesaid circular letter shall be applicable at the bank level, with immediate effect. 3. Other instructions on the matter shall remain the same. 4. Please acknowledge receipt.
Yours sincerely,
Dr. Zahid Ur Rehman Khokher Director
Home — Circulars — IFPD Circular Letter No. 04
Shariah Compliant Solutions for Foreign Bill Discounting
June 19, 2026
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