FinanceDomestic lenders required to convert to sharia-compliant model from 2028One currency, two banking systems. Pakistan's banks must all offer sharia-compliant services from 2028, but foreign banks will be able to continue offering non-Islamic services alongside -- giving them a possible advantage. © ReutersADNAN AAMIRJuly 7, 2026 14:31 JSTISLAMABAD -- In the run-up to its banking reform toward Islamic banking, the Pakistani government has decided to require domestically owned banks to operate under a fully sharia-compliant model from 2028 to eliminate interest-based finance.