The Bank of Khyber (PSX: BOK) is gearing up to transition from a conventional bank to a full-fledged Islamic bank in response to the growing demand and acceptance of Shariah-compliant banking in Pakistan. This announcement was made through a stock filing by the bank on Thursday.

“The Bank has initiated the process for conversion from Conventional to Islamic Bank,” the filing stated.

Established under the Bank of Khyber Act of 1991, the bank is primarily engaged in commercial banking and related services. It attained the status of a scheduled bank in 1994.