Regulatory Alerts2026-06-19 | IFPD Circular Letter No. 04Added · Updated
Shariah Compliant Solutions for Foreign Bill Discounting
The Islamic Finance Policy Department issued Circular Letter No. 04 of 2026 to update regulatory requirements for foreign bill discounting. The directive mandates that the prescribed minimum limit for normal ready transactions, originally established in 2015, must now be applied at the bank level with immediate effect. All other existing instructions regarding this matter remain unchanged and continue to apply.
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