SBP to Conduct OMO (Shariah Compliant Mudarabah)
MG News | April 17, 2023 at 11:36 AM GMT+05:00
April 17, 2023 (MLN): The State Bank of Pakistan (SBP) has invited quotes for Open Market Operations (OMO) for Shariah-Compliant Mudarabah-based OMO injection.
All Islamic Banks and Islamic Bank Branches are eligible for the Shariah Complaint OMO.
Quotes Timings for Shariah Compliant OMO: From 11:00-11:30 hours
Quotes Tenor: 11-day Maturity Date: April 28, 2023
OMO result will be announced at 1200 hours
It is important to note that the quotes can be rejected without assigning any reason.
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