SBP to Conduct OMO (Shariah Compliant Mudarabah)

MG News | April 17, 2023 at 11:36 AM GMT+05:00

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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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