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...
BankIslami Organizes Tree Plantation Drive for a Greener Tomorrow BankIslami, Pakistan’s leading Islamic financial institution, organized a tree plantation drive and a friendly bicycle rally on Sunday 26-Feburary-2023 in Islamabad to promote environmental sustainability. The tree plantation drive was held on Sunday and saw approximately 100 saplings planted in the F9 Park of the...
BankIslami Signs MoU with Karachi Kings to become its Platinum Sponsor Pakistan’s leading Islamic financial institution, BankIslami has signed an MoU to join forces with Karachi Kings, as they become platinum sponsors to the franchise, marking their presence in the most anticipated cricketing event of the year, Pakistan Super League season 8. The MoU...
BankIslami Celebrates PSL With Bike Rally as It Becomes the Platinum Sponsor for Karachi Kings BankIslami, Pakistan’s leading Islamic financial institution, celebrated the start of PSL 2023 with another successful bike rally: The Kings March as Karachi King’s platinum sponsor for the second consecutive year. The event was attended by the employees and senior...
Bankislami Sponsors Karachi Eat Festival As Exclusive Banking Partner 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. BankIslami, Pakistan’s leading Islamic financial institution with...
BankIslami, IoBM join hands to form a ‘Center for Islamic Business & Finance’ BankIslami, Pakistan’s leading Islamic bank, and Institute of Business Management (IoBM), one of the top academic institutes in the country entered into an agreement to establish a “Center for Islamic Business & Finance” in Karachi recently. The MoU signing ceremony was...
BankIslami Holds Azadi Walk to Celebrate our Nation’s Freedom Strengthening its long-standing commitment to the nation’s unity this Independence Day, BankIslami held the Azadi Walk for its employees with the support of Commissioner Karachi Division. The Azadi Walk took place in the afternoon of 12th August, starting at Metropole and ending at the Commissioner’s...
BankIslami Launches Digital Service Centre BankIslami, Pakistan’s leading Islamic financial institution, has launched its state-of-the-art Digital Service Centre for an improved customer experience. BankIslami understands the evolving consumer needs, and continues to bring innovative solutions to its valued customers across the nation. The Bank’s Digital Service Centre offers customers a variety of services to...
BankIslami Sponsors Future Fest 2022 – Pakistan’s Largest Tech Festival BankIslami, Pakistan’s leading Islamic financial institution with 340 branches in 123+ cities, sponsored Future Fest 2022 – one of the most comprehensive tech conferences in the country, held in Islamabad from 13 May to 15 May, 2022. Spanning three days, the event included four...
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