Q3 2025 CPD Certificates Available
DCW members earn CPD credit each quarter. Following the first certificate released earlier this year, your Q3 2025 certificate is
DCW Articles
SBP Vision 2028 and Pakistan’s Transformation to a Shariah-Compliant Banking System
Pakistan has embarked on an ambitious multi-year plan to transform its financial system into a Shariah-compliant framework by 2028. Two trade finance specialists explain what this entails and the inherent challenges and opportunities it presents.
7 min read
As mandated by a Federal Shariat Court decision[[1]] issued 28 April 2022 and consistent with constitutional amendments, Pakistan is transitioning its conventional banking system into a Shariah-compliant banking system towards a Riba-free economy by 1 January 2028. As the world's second most populous Muslim-majority country after Indonesia, Pakistan is preparing to transform its economic system, particularly its banking sector, into one that complies with Islamic principles. This includes the elimination of interest (Riba).[[2]]
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September 2025
A Comparison of URDG 758 and UN Guarantee Convention
URDG 758 and the UN Guarantee Convention both address independent guarantees and in many respects their content is similar, but differences exist in their areas of focus.
DCW Articles
Delhi High Court Decides for Beneficiary. What Took So Long?
The Indian judicial process can move at a sluggish pace, but the facts of this LC case suggest it should not have lingered. Ashish Madan considers the discrepancies and asks questions if other factors contributed to the delay.
DCW Articles
New York Legislature Passes 2022 UCC Amendments
Enactment of the 2022 Amendments to the Uniform Commercial Code updates New York’s commercial law to fully recognize electronic records. They also affirm that signed electronic letters of credit have the same legal effect as paper-based LCs.
DCW Articles
The UK’s New “Failure to Prevent Fraud” Law
The UK "Failure to Prevent Fraud" law presents challenges for global banks operating in the UK. Read how the law applies, and generally what banks should be doing to comply.
