Qudsia Bano

The State Bank of Pakistan (SBP) on Friday injected Rs410.8 billion into the Islamic banking system through a Shariah-compliant Mudarabah-based Open Market Operation (OMO) conducted on January 16, 2026.

According to the OMO results issued by the SBP, the central bank conducted the injection operation for 7-day and 14-day tenors under its Shariah-compliant liquidity management framework

For the 7-day tenor, Islamic banks offered bids of Rs390 billion, which were fully accepted. The realised value of the accepted bids stood at Rs390.81 billion, with the rate of return fixed at 10.53 percent per annum. The SBP accepted two quotes under this tenor

Under the 14-day tenor, bids worth Rs20 billion were offered and accepted. The realised value of the accepted bids amounted to Rs19.99 billion, while the accepted rate of return was 10.53 percent per annum. One quote was accepted for this tenor

In total, the SBP accepted Rs410 billion in face value through the Shariah-compliant OMO, resulting in a realised liquidity injection of Rs410.81 billion into the Islamic banking system

The Mudarabah-based OMO forms part of the SBP’s ongoing efforts to manage liquidity in the Islamic banking segment in line with Shariah principles.

Credit: INP-WealthPk