Karachi – July 2, 2026. BankIslami has partnered with EFU Life and EFU General Insurance to make affordable microtakaful protection accessible to its customers via the Bank’s mobile banking application. The partnership enables BankIslami customers to enroll, pay and claim exclusive microtakaful plans with affordable contribution options. The offering spans a range of protection plans,...
Second consecutive year of recognition by Euromoney as the Bank continues to invest in technology and digital innovation Karachi, 6th July 2026 – Euromoney, a leading global benchmark for excellence in financial services, has recognised BankIslami as Pakistan’s Best Islamic Digital Bank. The recognition highlights BankIslami’s continued focus on innovation, technology-led growth and expanding access...
Karachi, June 23, 2026 – BankIslami, one of Pakistan’s fastest-growing Islamic banks, partners with Resecurity, a leading US-based cybersecurity and intelligence company. Under this agreement, the Bank will utilize Resecurity’s advanced capabilities to further strengthen its security framework and ensure a safer digital banking experience for its customers. Resecurity’s Digital Risk Monitoring (DRM) and Cyber...
KARACHI – June 18, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic banks, has launched BIPL Exchange Company Private Limited, its wholly-owned currency exchange subsidiary. This launch marks a significant step forward in the Bank’s strategic expansion plans, further strengthening the Riba-free financial ecosystem for its customers across Pakistan. BIPL Exchange, an independent subsidiary of BankIslami,...
Karachi, June 17, 2026 – BankIslami, one of Pakistan’s fastest-growing Islamic banks, has entered a Technical Services Agreement with Al-Hilal Shariah Advisors for the provision of specialized equity screening and data analytics services. Under this agreement, Al-Hilal Shariah Advisors will provide technical support for screening and monitoring of listed equities at the Pakistan Stock Exchange...
Karachi, June 2, 2026. Reaffirming its commitment to social responsibility and community development, BankIslami has extended support to Surayya Azeem Waqf Teaching Hospital (SATH), one of the largest public welfare hospitals in Lahore. The contribution will support the hospital in delivering quality medical facilities to underserved communities across the wider Punjab region. In addition to...
The homegrown platform automates credit underwriting, slashes processing times, and eliminates external software vendor costs. KARACHI, PAKISTAN – May 25, 2026 – BankIslami, one of Pakistan’s fastest-growing Islamic banks, has launched its fully homegrown Finance Origination and Credit Underwriting System (FOCUS), a platform designed to digitalize and accelerate the customer financing journey. Leveraging AI driven...
Karachi, May 14, 2026. BankIslami, one of Pakistan’s fastest growing Islamic financial institutions, has signed a Memorandum of Understanding with the Export-Import Bank of Pakistan (EXIM Bank), marking Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. The collaboration aims to strengthen the country’s trade finance framework and expand access to Riba-free financial...
The government has raised the Zakat Nisab, the minimum savings threshold above which Zakat is deducted from bank accounts or donated voluntarily, to Rs503,529 for the Zakat year 1446-47 AH, reflecting a sharp rise in precious metal prices and underscoring deeper economic pressures on households already grappling with inflation and currency depreciation. Under a notification...
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