SBP aligns regulatory framework with Shariah principles under Vision 2028
The State Bank of Pakistan has introduced Shariah-compliant terminology alternatives across its existing regulations, instructions, and Foreign Exchange Manual, directing banks, microfinance banks, and development finance institutions to interpret co
August 21, 2026 (MLN ): The State Bank of Pakistan has introduced Shariah-compliant terminology alternatives across its existing regulations, instructions, and Foreign Exchange Manual, directing banks, microfinance banks, and development finance institutions to interpret conventional banking terms alongside their Islamic finance equivalents. The central bank informed presidents and chief executives of all banks, MFB...