Regulatory Alerts2026-06-10 | IFPD Circular Letter No. 02Added · Updated
Instructions on Islamic Banking Windows Operations
The document amends existing instructions to allow banks and microfinance banks to establish Islamic Banking Windows within conventional branches approved for conversion without prior approval. It permits the offering of Shariah-compliant products during the conversion phase, waives processing and annual fees for these windows, and relaxes signage requirements while mandating connectivity with the controlling branch or centralized data centre. The revised rules apply to both conventional banks and microfinance banks, requiring them to submit quarterly data within seven days after the quarter end using a specified template.
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