Regulatory Alerts2026-08-20 | IFPD Circular No. 02 of 2026Added
SBP’s Regulations and Instructions – Changes
SBP has amended its regulations, instructions, and Foreign Exchange manual to align with Shariah principles by introducing Shariah-compliant alternatives for identified terms. These changes apply to all banks, microfinance banks, and development finance institutions, requiring that mentioned terms be interpreted concurrently with their corresponding Shariah-compliant alternatives. The amendments are restricted to the insertions and alternatives stated in Annexure-III, while other contents remain unchanged.
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