Bids are invited in sealed envelopes, separately for each GIS issue, on the auction date by the Director, Domestic Markets & Monetary Management Department, State Bank of Pakistan, Karachi from all Islamic Banks & Islamic Banking Branches; in accordance with the provisions of SBP-DMMD Circular No. 18 dated October 22, 2015 as per the followings;
1. Receipt of Tenders Up to 11:15 hours on the Auction date
2. Opening of Tenders From 11:30 hours on the Auction date
3. Communication of Result On the date of Auction
Deferred payment Maturity dates of Bai Muajjal will be as follows:
Note: Bids can be rejected without assigning any reason.
For details will sbp website sbp.org.pk