IIBLP Books
Trade Based Financial Crime Compliance
Navigating the complexities of trade finance compliance—clarity, strategy, and risk mitigation in one essential guide.
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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DCW Articles
Standby LCs: A Reliable Tool in International Trade
Low default rates, increased flexibility, technological advancements and evolving regulations make standby letters of credit (SBLCs) an appealing option in international trade
DCW Articles
Questions and Observations on the Shinetec Case
A dispute involving an ISP98 standby and litigation in two jurisdictions raises a host of considerations. Here, Carter Klein comments on five facets of the Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd Australian appellate court decision.
Free this month
Shining Light on the Fading Concept of Strict Compliance
In the third instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell confronts continuing misplaced reliance on strict compliance.
