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SBP eases process for banks shift to Islamic model
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SBP eases process for banks shift to Islamic model
KARACHI: The State Bank of Pakistan (SBP) has eased the process for converting conventional bank branches into Islamic banking branches by shortening the mandatory public notification period and reducing the interval between notices issued to current account holders. The revised criteria, which took effect immediately, are aimed at facilitating banks in accelerating the transition to Islamic banking. With a view to further facilitate banks in co…
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