In a significant move toward the future of Islamic finance, BankIslami has launched ‘aik’, Pakistan’s first fully digital Islamic banking solution. Designed to deliver seamless, Shariah-compliant financial services nationwide, aik marks a major step in the digital evolution of ethical banking. As one of Pakistan’s leading Islamic financial institutions, BankIslami currently operates over 540 branches...
BankIslami has launched its first fully women-managed branch in Karachi to promote gender equality in the workplace. The branch, operated entirely by female employees, is an initiative aimed at empowering women as both professionals and customers in Pakistan’s financial sector. This launch also reinforces the Bank’s mission of “Saving Humanity from Riba”, a vision rooted...
BankIslami has posted a record-breaking 24.4% rise in pre-tax profit to Rs. 25.5 billion for the year ending December 31, 2024, reinforcing its stature in Pakistan’s Islamic banking sector. Despite economic volatility and shifting regulatory conditions, net profit rose 7.1% to Rs. 11.8 billion. Upholding its mission of “Saving Humanity from Riba,” the Bank announced...
The IFN Best Banks Poll, now in its 20th edition, introduced the “Best Islamic Trustee” category this year, acknowledging the critical role of trustee and custodial services in the Islamic finance ecosystem. BankIslami secured the top position in a highly competitive category, with Maybank and Standard Chartered Bank named as runner-ups. This year’s poll attracted...
Tune into a special episode of podcast ‘Celebrating Sweet Success,’ featuring Imran H Shaikh, Dy Chief Executive Officer, as he shares his thoughts and experiences. He is a proud alumnus of IoBM, BBA-2005. Watch the full podcast here: https://youtu.be/JWzHJ4fnzyg?si=4iMOUjlhcBPbgx0X
Tune into the Startup Pakistan Podcast featuring Asila Khandwala, Group Head – Human Resources at BankIslami, as she shares her experiences and strategies for promoting innovation and supporting women in workforce. Watch the full podcast here: https://youtu.be/Izo9YwxHlZg
An insightful session with Ashfaque Ahmed, Chief Information Officer, on ProPakistani’s podcast ‘How Does It Work?’ titled ‘Is Islamic Banking the Future of Finance?’ Explore the transformative potential of Islamic banking in this engaging discussion! Watch the full podcast here: https://www.youtube.com/watch?v=egCXpfeLDBg
BankIslami, a leading Islamic bank in Pakistan, recently celebrated Women Entrepreneurship Day at its branches across the country along with the State Bank of Pakistan. The celebrations were marked by the strong presence of senior women officials from the apex bank, many of whom commended the BankIslami on its initiative for the promotion of women’s...
BankIslami, one of Pakistan’s top Islamic banks, has introduced its redesigned mobile app, aiming to elevate the mobile banking experience with state-of-the-art security and user-friendly features tailored for customers across Pakistan. This upgraded app makes banking more accessible and convenient, empowering users to manage their finances with ease and confidence. The new app brings powerful...
BankIslami Pakistan Limited, a leading force in the country’s Islamic banking sector, took center stage at the 8th Edition of The Future Summit, held on November 6-7, 2024, in Karachi, with its leadership offering key insights on the evolving role of financial institutions in Pakistan’s economy. The Future Summit featured notable figures, including Senator Muhammad...
KARACHI: BankIslami, a leading Islamic financial institution in Pakistan, has launched a significant initiative to promote its riba-free (interest-free) banking services to individuals of diverse backgrounds and faiths underscoring the bank’s commitment to ethical and inclusive banking practices. Riba, or interest, is prohibited in many religions due to its perceived unjust nature. By offering...
BankIslami, one of Pakistan’s top Islamic financial institutions, has launched an initiative to make its riba-free banking services more accessible to people of all faiths and backgrounds. The initiative underscores the bank’s commitment to advancing ethical and inclusive banking within the country’s financial system, in line with Shariah principles and social responsibility. Riba, or...
سود سے پاک بینکاری محض سود سے بچنے کے بارے میں نہیں ہے۔ یہ ایک از سر نواورجامع تصور ہے کہ فنانس کس طرح ہر ایک کے لیے زیادہ منصفانہ اور شمولیتی ہوسکتا ہے۔ سود سے پاک بینکاری کا نظام لازمی طور پر مشترکہ خطرات ، اثاثوں پر مبنی لین دین ، اور اخلاقی شراکت...
In today’s rapidly changing financial landscape, the demand for banking systems that reflect ethical principles is steadily growing. Conventional models, particularly those based on interest, have raised questions about fairness and transparency, leading many to seek alternatives that better align with their values. This shift has drawn attention to Islamic banking, a system built on...
Riba-free (interest-free) banking is a key principle of Islamic finance, which prohibits interest on loans, viewing it as exploitative and unjust. Instead, it emphasizes risk-sharing, ethical investments, and economic justice. For a developing country like Pakistan, adopting a riba-free banking system can provide a range of economic and social benefits. With a growing Islamic banking...
BankIslami Pakistan Limited, a leading financial institution, announces a significant milestone of strengthening its presence with the opening of its 500th branch in Nankana Sahib. This achievement reflects the bank’s unwavering commitment to delivering equal services, exceptional customer care, ensuring complete financial security, upholding the core principles of the Islamic Financial System, and enhancing accessibility...
BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 66.2% increase in profit before tax for the half-year ended 2024. The Bank’s profit before tax reached Rs. 13.8 billion, while its post-tax profit surged to Rs. 7.1 billion, reflecting a robust 32.1% growth. Despite challenging market conditions, BankIslami remains steadfast...
BankIslami Launches Exclusive Priority Banking Lounge BankIslami Launches Exclusive Priority Banking Lounge for Freelancers and IT Exporters as Free Workspace to Enhance Collaboration & Networking.” BankIslami, a leading financial institution, is proud to announce the opening of its exclusive Priority Banking lounge for Freelancers and IT Exporters a cost-free workspace. This initiative aims to provide a pleasant...
BankIslami Achieves Remarkable Financial Results of PKR 6.3 Billion Before Tax Profit in Q1 2024! Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a remarkable 99% surge in its profit before tax for the first quarter of 2024. The Bank’s profit before tax reached Rs. 6.3 billion, with a...
BankIslami Hosts Iftar Dinner for Differently Abled Individuals at Dar-ul-Sukun BankIslami recently organized an Iftar dinner at Dar-ul-Sukun, extending its warmth to differently-abled children and senior citizens. This event, held in the Holy month of Ramadan, emphasized the bank’s unwavering dedication to foster joy and inclusivity. The event featured lively activities, such as henna...
Successful Completion of Initial Public Offering & Listing of BankIslami Ehad Sukuk II BankIslami is pleased to announce the successful completion of the Initial Public Offering (IPO) and the listing of BankIslami Ehad Sukuk II. This perpetual instrument, with an issue size of PKR 1.0 billion structured on the basis of Islamic principles of...
BankIslami Unveils Extraordinary Financial Triumph with Unprecedented Results BankIslami, a leading financial institution, has announced its remarkable financial results for the year ended December 31, 2023. The bank reported a staggering after-tax profit of PKR 11.04 billion, showcasing its exceptional performance. Net profit and return surged by an impressive 97%, while profit after tax...
BankIslami Pakistan launches Tarjuman Call Center BankIslami Pakistan Limited is proud to announce the inauguration of the Tarjuman call. This groundbreaking initiative, spearheaded by the HR and Phone Banking department, aims to provide unparalleled support and assistance to customers, with a particular focus on individuals who have hearing impairment. This is a dedicated facility...
BankIslami Pakistan Limited partners with The Pakistan Freelancers Association (PAFLA) to Empower Freelancers Nationwide. BankIslami Pakistan Limited proudly announces the signing of a Memorandum of Understanding (MOU) with The Pakistan Freelancers’ Association (PAFLA), marking a significant milestone in facilitating the burgeoning freelance community in Pakistan. This collaboration aims to revolutionize financial services for freelancers,...
BankIslami Earns Runner-Up Honors in Best Islamic Bank Category at 20th Annual Excellence Awards (TBC): BankIslami, Pakistan’s premier Islamic financial institution, has been awarded the prestigious runner-up position in the Best Islamic Bank category at the 20th Annual Excellence Awards, organized by the CFA Society Pakistan. The awards ceremony, held on Friday, October 06,...
BankIslami and IBA Karachi Join Forces to Empower Youth with Digital Certification Program In a progressive move towards youth empowerment and fostering economic growth, BankIslami, Pakistan’s leading Islamic Bank with an AA- rating, announced its strategic partnership with the esteemed Institute of Business Administration (IBA) Karachi to introduce a groundbreaking digital certification program. Spearheaded...
BankIslami Pakistan Achieves AA- Rating, Solidifying Its Position as a Leading Financial Institution BankIslami, Pakistan’s leading Islamic bank, is delighted to announce that it has been upgraded to an AA- rating. This prestigious rating reaffirms the bank’s commitment to excellence, sound financial management, and its continued growth in the banking industry. AA- rating is...
BankIslami Honored with Best Bio Technology Award for One Touch Banking at The Pakistan Digital Awards 2023 Pakistan’s leading Islamic financial institution, BankIslami, has been recognized with the prestigious Best Bio Technology Award for its innovative OneTouch Banking solution at the Pakistan Digital Awards 2023. The award ceremony, held on 24th June 2023, celebrated...
8th Corporate T20 Cup 2023 held at Moin Khan Cricket Academy BankIslami sponsored the 8th Corporate T20 Cup 2023 that concluded here at Moin Khan Cricket Academy, Karachi, during the Holy month of Ramadan between 7-15 April, 2023. The tournament featured a total of eight teams, who fought their way to the finals. The...
BankIslami Announced 142% Growth in Profit Before Tax and First Ever Dividend BankIslami Pakistan Limited announced its financial results for the year ended December 31, 2022 declaring a remarkable growth of 142% in profit before tax i.e. Rs. 8.23 billion as compared to Rs. 3.39 billion during last year. Profit after tax closed at...
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