SBP amends instructions regarding Murabaha
2/7/2012 9:33:42 AM
KARACHI: The State Bank of Pakistan (SBP) has amended its earlier instructions with regard to obtaining invoices in the name of bank in murabaha transactions.
According to SBP here Monday, its IBD Circular No.2 of 2008 (Appendix-A- Essentials of Islamic Modes-Murabaha, sub clause vi) requires IBIs to obtain invoices in the name of bank in Murabaha transactions.
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