The Bank of Khyber (BoK) was established in 1991 through an Act passed by the Provincial Legislative Assembly of the Khyber Pakhtunkhwa. It was awarded status of a scheduled bank in September 1994.
The Government of Khyber Pakhtunkhwa constituted a Shariah Supervisory Board (SSB). This is presently made of the following scholars:
1. Syed Muhammad Abbas
2. Mufti Muhammad Zahid
3. Dr Dost Muhammad
4. Shahzad Iqbal Sham
5. Muhammad Ayub