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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