BankIslami extended support to the Pakistan Education Endowment Fund (PEEF) to expand scholarship access across Pakistan. PEEF, a government-backed initiative offering merit- and need-based financial assistance, will deliver targeted programs to underserved communities, helping students pursue their academic goals. The initiative aligns with BankIslami’s broader vision of advancing financial inclusion and enabling community development. By...
In a joint effort to promote Riba-free banking in Pakistan, BankIslami and ZLK Islamic Financial Services, Pakistan’s first Shariah-compliant brokerage Firm, hosted a high-impact session on Islamic finance for a diverse group of industry leaders and advocates of ethical banking. Titled ‘Leading with Purpose,’ the event focused on meaningful conversations around Islamic finance and aimed...
‘Pakistan has a legacy of leadership in Islamic finance’ Dr. Mufti Irshad Ahmad Aijaz is the Chairman of the Shariah Advisory Committee at the Securities and Exchange Commission of Pakistan (SECP) and Chairperson of the Shariah Board at BankIslami. He previously served as Chairman of the State Bank of Pakistan’s Shariah Advisory Committee for seven...
BankIslami, one of Pakistan’s fastest-growing financial institutions, has won the Jury Award for Best Campaign at the Pakistan Digital Awards (PDA). This was awarded in recognition of the Bank’s purpose-led campaign, Saving Humanity from Riba, which stood out for its bold messaging and strategic commitment to promoting Riba-free banking in Pakistan. The 360-degree campaign championed...
BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, a leading global benchmark for excellence in financial services. The award highlights BankIslami’s commitment to its mission of Saving Humanity from Riba (interest) and its leadership in Pakistan’s fast-growing Islamic finance sector. The Euromoney Islamic Finance Awards, now...
In a recent interview with DAWN News, our Dy Chief Executive Officer, Imran H. Shaikh, talks about the recent growth of Islamic banking, how it differs from conventional banking, and what it takes to build a truly Shariah-compliant financial system in Pakistan.
BankIslami has partnered with the Sindh Enterprise Development Fund (SEDF) to promote and expand financing opportunities for small and medium enterprises (SMEs) across Sindh. Under this collaboration, both institutions aim to enhance financial access for SMEs. SEDF will offer financial incentives, including KIBOR-based profit subsidies, while BankIslami will provide tailored business financing to support the...
In an insightful episode of the ‘Let’s Talk’ podcast by IBA TODAY, Zulfiqar Ali Lehri shares his perspective on the shifting dynamics of retail banking and its potential for growth in Pakistan. Watch the full episode now!
BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, has acquired the 32-storey Altitude Tower in Karachi to serve as its new national headquarters. This acquisition reflects the Bank’s expanding footprint, strong financial performance, and long-term commitment to scaling innovation and operational excellence in Islamic banking. The Altitude Tower—Pakistan’s tallest bank-owned office premises—will centralize the Bank’s...
In an effort to make homeownership more accessible to Pakistanis, BankIslami is offering a lowest financing solution at 1-Year KIBOR + 1%. This offer provides customers with an affordable and transparent path to homeownership, delivering a market-competitive solution that aligns with the principles of Islamic banking. Under this initiative, BankIslami’s home financing solution features Special...
In March, the country launched the Pakistan Crypto Council (PCC) to foster innovation in the sector and establish a regulatory framework that protects investors and the financial system. Recently, Islamabad introduced its strategy to regulate virtual assets, aligning with the Financial Action Task Force’s guidelines. “At BankIslami, we recognise the transformative potential of blockchain technology...
BankIslami, one of the country’s fastest-growing Islamic financial institutions, announced its financial results for the first quarter ended March 31, 2025. The Bank reported a Profit before Tax (PBT) of PKR 5.49 billion, 6.3% growth in total income and a significant 98% increase in non-fund-based income from same period last year, reflecting a strong start to...
In collaboration with the State Bank of Pakistan, BankIslami participated in Financial Literacy Week 2025. Through various initiatives, BankIslami promoted financial literacy and raised awareness about financial inclusion and its significance, while reinforcing its mission to advance Islamic banking in the country and save humanity from riba. The week began with financial literacy camps across...
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 Pakistan has completed a strategic upgrade to Azentio’s iMAL R14 core banking system, a move aimed at bolstering automation, regulatory compliance, and digital banking capabilities. The transition is expected to enhance transaction speed and security while reinforcing the bank’s standing as a leading Shariah-compliant financial institution in Pakistan. The upgrade aligns with BankIslami’s broader...
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...
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