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performance criteria for ATMs for efficient ATM core Islamic Banking concepts
Primary Dealer status in order management, Customer claim by bankers themselves and
to encourage more entities handling and dispute for responding to customer
(including NBFIs) to become resolution and effective queries . Various lines of
part of the PD system and compliance of SBP questioning including issue of
have direct access to primary instructions on the subject. issue of reference rate,
Government Securities The session was delivered Islamic Banking with SBP (also
auctions. Hence, an jointly by a Commercial being regulator of
awareness session on this Banking expert and resource conventional Banking) as
new framework was from Payment System regulator, assurance of
conducted for a mixed Department, SBP. Shariah-compliance at banks,
audience of banks/DFIs & Another session on Islamic difference of opinion among
NBFIs to discuss the PD Banking Operations was Ulema about Islamic banking,
selection criteria, their conducted on May 26-27, sharing of losses in Islamic
Privileges/ Obligations and 2021 after an initial Banks, treatment in case of
SBP expectations from the assessment of Islamic delay in payment by customer
dealers selected as Banks/Branches operating in and other relevant questions
applications are invited for the remote areas of raised by public were
FY22. Mr. Masud Taj, Joint Balochistan. As these discussed in detail.
Director, Domestic Money branches are more focused on The third one-day session was
Market Dept, SBP conducted deposit-side banking, the conducted on AML/CFT on
the session which was covered topics included an June 12, 2021. Given
attended by senior elaborate discussion on connectivity issues reported
management of Brokerage Riba,its types , by some participants during
Houses and Investment misconceptions and modern the previous sessions, this
Banks. forms Riba, pool management online session was organized
NIBAF-Quetta also continued guidelines, calculations for at City Hotel, Loralai for
to offer programs under the return on deposit under participants from Loralai and
Special Programs for Interior Murabaha, key questions on adjoining areas while those
Balochistan and offered three Islamic banking both for from other areas joined the
sessions in the Quarter. The enhanced understanding of session remotely.
first session on ATM
Operations and Regulations
was conducted on April 06-07
, 2021 in order to familiarize
officers of banks planning
new ATM installations with
the basic operations as well
as to clarify and further
explain SBP regulations to
branch staff with installed
Training Matters! – April – June, 2021 34
