28/06/2024 | Press release | Distributed by Public on 28/06/2024 11:52
The Presidents/Chief Executives
All locally incorporated banks
Guidelines for conversion of conventional banks into Islamic - Broad parameters
In pursuance of SBP Vison 2028 and to facilitate banks in their conversion from conventional to Islamic, SBP has developed broad guiding parameters which will help banks to devise their own conversion plans. Accordingly, banks may consider following broad parameters to prepare their conversion plans:
2. The banks may approach Islamic Finance Policy Department, SBP for further guidance on the subject.
Yours truly,
-Sd-
(Ghulam Muhammad)
Director |