Regulatory Alerts2026-06-10 | IFPD Circular Letter No. 02Instructions on Islamic Banking Windows Operations
The State Bank of Pakistan issued Circular Letter No. 02 of 2026 to amend existing instructions for Islamic Banking Windows to facilitate the conversion of conventional branches. The directive allows banks and microfinance banks to establish interim Islamic Banking Windows without prior approval, waiving processing fees and relaxing signage requirements while mandating specific technological connectivity for fund segregation. These consolidated instructions require immediate compliance and continued quarterly data submission through the designated reporting format.
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