State Bank of Pakistan issues instructions on profit and loss distribution at Islamic banks (By IFN)

Tuesday 20^th November 2012

PAKISTAN: The State Bank of Pakistan (SBP), the central bank, has issued detailed instructions for profit and loss distribution and management of assets for Islamic banking institutions (IBIs), in a bid to improve transparency and standardize the Shariah compliant industry’s profit and loss distribution policies and practices.

See: http://www.islamicfinancenews.com/