Section 39H: Separate Regulatory Instructions
The Banking Companies Ordinance, 1962 · Federal Acts · IIA · in_force
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39H. Separate Regulatory Instructions.__ The State Bank shall specify regulations, directives, instructions, notifications, circulars and guidelines for Islamic banking institutions or Islamic financial institutions, including but not limited to definitions of Islamic modes and concepts of Islamic banking and finance, types of Islamic deposit accounts and investment accounts, certificates of investment, profit & loss distribution and pool management, and any other area as may be deemed necessary by it.
Effective date: 1962-06-07
Related sections
Section 39G: CharitySection 39I: Conversion and Establishment of Islamic Banking SubsidiarySection 39F: Priority of payments to Islamic deposit account holders, investment account holders and other claimantsSection 39J: PenalitiesSection 39E: Shariah GovernanceSection 39K: Other provisions relating to Islamic banking
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