Dossier
26th Amendment
Coverage of 26th Amendment in the Nexus archive.
- Islamic banking
Pakistan's roadmap to eliminate riba (interest) from its financial system by 2028 outlines a gradual transition, incorporating the Federal Shariat Court's ruling via the 26th Constitutional Amendment. The plan allows foreign banks to operate hybrid conventional-Islamic models while addressing structural weaknesses in Islamic finance, such as sukuk issuance and asset management.