SBP introduces new Shariah standards to enhance compliance in Islamic banking

15:54
September 12, 2024
MG

September 12, 2024 (MLN): With a view to further strengthen Shariah compliance framework and harmonize the Shariah practices in Islamic banking industry, the State Bank of Pakistan (SBP) has introduced certain AAOIFI Shariah standards for immediate adoption.

Shariah Standard No. 42: Financial Rights and Their Exercise and Transfer
Shariah Standard No. 45: Protection of Capital and Investments
Shariah Standard No. 53: Arboun (Earnest Money)

It is important to note that the adoption of the Shariah standards is in addition to current regulations, other instructions and directives issued by SBP from time to time.

Moreover, failure to comply with these instructions may invoke penal action under the provisions of Banking Companies Ordinance, 1962.

Copyright Mettis Link News

Posted on: 2024-09-12T15:46:48+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	277.55000	277.80000	277.80000	277.55000	01:07 PM
2	EUR	1.09298	1.09304	1.09304	1.09298	04:07 AM
3	GBP	1.30654	1.30661	1.30661	1.30654	04:07 AM
4	CHF	0.85930	0.85970	0.85970	0.85930	04:07 AM
5	JPY	149.36200	149.37000	149.37000	149.36200	04:06 AM
6	CAD	1.37801	1.37815	1.37815	1.37801	04:07 AM
7	AUD	0.67338	0.67343	0.67343	0.67338	04:07 AM
8	INR	84.06540	84.06950	84.06950	84.06540	04:07 AM
9	SAR	3.75480	3.75540	3.75540	3.75480	01:06 PM
10	AED	3.67290	3.67340	3.67340	3.67290	01:06 PM
11	HKD	7.76764	7.76789	7.76789	7.76764	04:06 AM
12	CNH	7.08691	7.08752	7.08752	7.08691	04:07 AM
13	CNY	7.08020	7.08040	7.08040	7.08020	01:06 PM
14	THB	33.15000	33.17000	33.17000	33.15000	04:06 AM
15	MYR	4.29150	4.29650	4.29650	4.29150	04:05 AM
16	IDR	15,565.60000	15,571.70000	15,571.70000	15,565.60000	04:07 AM
17	SGD	1.30580	1.30680	1.30680	1.30580	04:07 AM
18	NZD	0.60921	0.60928	0.60928	0.60921	04:07 AM
19	MXN	19.23310	19.26310	19.26310	19.23310	04:06 AM
20	TRY	34.25940	34.26940	34.26940	34.25940	04:06 AM
21	SEK	10.39550	10.39800	10.39798	10.39552	04:07 AM
22	ZAR	17.44430	17.45360	17.45360	17.44430	04:07 AM
23	NOK	10.73430	10.73780	10.73783	10.73434	04:07 AM
24	DKK	6.82554	6.82608	6.82608	6.82554	04:07 AM
25	ARS	974.73200	974.74200	974.74170	974.73170	04:06 AM
26	BDT	118.01300	121.31000	121.30979	118.01333	09:00 PM
27	BHD	0.37697	0.37702	0.37702	0.37697	01:06 PM
28	BRL	5.61060	5.61360	5.61360	5.61060	04:06 AM
29	KRW	1,356.78000	1,358.78000	1,358.78000	1,356.78000	04:06 AM
30	KWD	0.30611	0.30711	0.30711	0.30611	11:03 PM
31	LKR	289.91600	296.32600	296.32614	289.91612	09:00 PM
32	OMR	0.38493	0.38498	0.38498	0.38493	01:06 PM
33	QAR	3.64500	3.64700	3.64700	3.64500	01:06 PM
34	RUB	96.19450	96.20280	96.20278	96.19455	04:06 AM
35	AFN	66.82870	68.66020	68.66017	66.82875	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:21 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.45000	15.45000	15.25000	08:00 PM
39	UZS	12,753.80000	12,817.90000	12,817.85966	12,753.76121	09:00 PM
40	PHP	57.45800	57.49700	57.49700	57.45800	04:06 AM
42	NGN	1,620.62000	1,621.62000	1,621.62000	1,620.62000	03:34 AM
43	KES	128.17000	130.17000	130.17000	128.17000	09:27 PM
44	AMD	359.58600	414.52600	414.52628	359.58575	09:00 PM
45	TWD	32.17100	32.17500	32.17500	32.17100	04:06 AM
46	XAU	2,660.97000	2,661.23000	2,661.23000	2,660.97000	04:06 AM
47	XAG	31.51120	31.51880	31.51880	31.51120	04:06 AM
48	XPT	986.50000	988.00000	988.00000	986.50000	01:06 PM
49	XPD	1,064.50000	1,072.32000	1,072.32370	1,064.49990	01:06 PM
2,120	VES	38.82660	38.84570	38.84570	38.82662	04:06 AM
2,212	UGX	3,639.01000	3,721.42000	3,721.42429	3,639.01086	09:00 PM
2,213	TZS	2,721.48000	2,721.51000	2,721.50900	2,721.47900	08:25 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	86,105.03	85,618.355	85,476.67	134.951	0.158	167,189,311.0	12,774,595,697.170	-1	14/10/2024 01:23 PM
ALLSHR	54,893.53	54,673.441	54,549.80	136.221	0.250	305,013,007.0	16,223,819,766.030	-1	14/10/2024 01:23 PM
KSE30	27,340.86	27,148.899	27,105.53	-10.776	-0.040	88,296,267.0	10,706,736,125.010	-1	14/10/2024 01:23 PM
KMI30	130,165.30	129,094.221	128,791.34	-479.626	-0.370	91,038,380.0	9,570,853,168.560	-1	14/10/2024 01:23 PM
KMIALLSHR	37,305.80	37,280.432	37,123.89	142.754	0.384	181,443,096.0	12,444,100,609.910	-1	14/10/2024 01:23 PM
BKTi	22,143.22	21,956.717	21,901.40	12.165	0.055	2,458,844.0	493,322,819.040	-1	14/10/2024 01:22 PM
OGTi	21,505.04	21,301.535	21,180.48	-47.028	-0.220	4,751,485.0	1,015,819,594.310	0	14/10/2024 01:23 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,880.0	64,935.0	62,645.0	1,575.00
BRENT CRUDE	EB	77.7	78.6	77.5	-1.33
RICHARDS BAY COAL MONTHLY	EF	112.5	0.0	0.0	-1.35
ROTTERDAM COAL MONTHLY	ET	120.3	0.0	0.0	0.75
USD RBD PALM OLEIN	POL	1,031.5	1,031.5	1,031.5	0.00
CRUDE OIL – WTI	QCL	74.2	75.1	74.1	-1.35
SUGAR #11 WORLD	SB	22.3	22.4	22.1	0.09