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List of AAOIFI Shariah Standards Adopted by The State Bank of Pakistan (SBP)

The document lists the AAOIFI Shariah Standards adopted by the State Bank of Pakistan from 2010 to 2025, detailing the year, date of adoption, standard number, name of the standard, and associated circulars. It includes various financial practices such as sale of commodities, profit calculation, and debt settlement. The standards aim to ensure compliance with Shariah principles in financial transactions.

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Rana Hannan
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156 views1 page

List of AAOIFI Shariah Standards Adopted by The State Bank of Pakistan (SBP)

The document lists the AAOIFI Shariah Standards adopted by the State Bank of Pakistan from 2010 to 2025, detailing the year, date of adoption, standard number, name of the standard, and associated circulars. It includes various financial practices such as sale of commodities, profit calculation, and debt settlement. The standards aim to ensure compliance with Shariah principles in financial transactions.

Uploaded by

Rana Hannan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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List of AAOIFI Shariah Standards Adopted by the State Bank of Pakistan (SBP)

S# Year Date of Adoption SS # Name Circular


1 2025 March 21, 2025 20 Sale of Commodities in Organized Markets IFPD Circular No. 03 of 2025
2 January 31, 2025 47 Rules for Calculating Profit in Financial Transactions IFPD Circular No. 02 of 2025
3 January 24, 2025 31 Controls on Gharar in Financial Transactions IFPD Circular No. 01 of 2025
4 2024 December 18, 2024 59 Sale of Debt IFPD Circular No. 10 of 2024
5 October 29, 2024 36 Impact of Contingent Incidents on Commitments IFPD Circular No. 06 of 2024
6 October 29, 2024 37 Credit Agreement IFPD Circular No. 06 of 2024
7 September 12, 2024 42 Financial Rights and How They Are Exercised and IFPD Circular No. 04 of 2024
8 September 12, 2024 45 Protection of Capital and Investments IFPD Circular No. 04 of 2024
9 September 12, 2024 53 Arboun (Earnest Money) IFPD Circular No. 04 of 2024
10 June 12, 2024 34 Hiring of Persons IFPD Circular No. 02 of 2024
11 June 12, 2024 54 Revocation of Contracts by Exercise of a Cooling-Off IFPD Circular No. 02 of 2024
12 January 22, 2024 4 Settlement of debts by setoff IFPD Circular No. 01 of 2024
13 January 22, 2024 7 Hawalah IFPD Circular No. 01 of 2024
14 January 22, 2024 16 Commercial papers IFPD Circular No. 01 of 2024
15 January 22, 2024 22 Concession Contract IFPD Circular No. 01 of 2024
16 January 22, 2024 48 Option to terminate due to breach of trust IFPD Circular No. 01 of 2024
17 January 22, 2024 51 Option to revoke contracts due to incomplete IFPD Circular No. 01 of 2024
18 January 22, 2024 52 Option to reconsider IFPD Circular No. 01 of 2024
19 2023 August 29, 2023 15 Ju’alah IFPD Circular No. 01 of 2023
20 August 29, 2023 39 Mortgage and its Contemporary Applications IFPD Circular No. 01 of 2023
21 August 29, 2023 46 Al-Wakalah Bi Al-Istithmar (Investment Agency) IFPD Circular No. 01 of 2023
22 2022 July 4, 2022 10 Salam and Parallel Salam IBD Circular No. 01 of 2022
23 July 4, 2022 11 Istisna'a and Parallel Istisna'a IBD Circular No. 01 of 2022
24 July 4, 2022 25 Combination of Contracts IBD Circular No. 01 of 2022
25 July 4, 2022 50 Irrigation Partnership (Musaqat) IBD Circular No. 01 of 2022
26 2020 September 2, 2020 49 Unilateral and Bilateral Promise IBD Circular No. 03 of 2020
27 January 3, 2020 19 Loan (Qard) IBD Circular No. 01 of 2020
28 January 3, 2020 23 Agency and the Act of an Uncommissioned Agent IBD Circular No. 01 of 2020
29 January 3, 2020 28 Banking Services in Islamic Banks IBD Circular No. 01 of 2020
30 2019 March 1, 2019 2 Debit Card, Charge Card and Credit Card IBD Circular No. 01 of 2019
31 March 1, 2019 5 Guarantees IBD Circular No. 01 of 2019
32 March 1, 2019 14 Documentary Credit IBD Circular No. 01 of 2019
33 March 1, 2019 18 Possession (Qabd) IBD Circular No. 01 of 2019
34 March 1, 2019 24 Syndicated Financing IBD Circular No. 01 of 2019
35 March 1, 2019 38 Online Financial Dealings IBD Circular No. 01 of 2019
36 2013 July 15, 2013 17 Investment Sukuk IBD Circular No. 03 of 2013
37 April 8, 2013 13 Sharika (Musharaka) and Modern Corporations IBD Circular No. 01 of 2013
38 2010 January 12, 2010 3 Default in Payment by a Debtor IBD Circular No. 01 of 2010
39 January 12, 2010 8 Murabaha to the Purchase Orderer IBD Circular No. 01 of 2010
40 January 12, 2010 9 Ijarah & Ijarah Muntahia Bittamleek IBD Circular No. 01 of 2010
41 January 12, 2010 13 Mudaraba IBD Circular No. 01 of 2010

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