News & Updates

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...

BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, has announced a Profit Before Tax (PBT) of PKR 13.9 billion for the year ended December 31, 2025. The Bank announced a cash dividend of PKR 1.25 per share (12.5%), bringing the total payout for the year to PKR 2.75 per share (27.5%). The Bank’s non-funded income...

  BankIslami hosted a reception dinner in Riyadh in honor of His Excellency Ahmad Farooq, Ambassador of Pakistan to the Kingdom of Saudi Arabia. The event brought together members of Saudi civil society as well as the Pakistani diaspora. Commenting on the nearly eight-decade-long partnership between the Kingdom of Saudi Arabia and Pakistan, Ambassador Farooq...

BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, reported a profit before tax (PBT) of PKR 10.88 billion for the nine months ended September 2025, further strengthening its efforts to build a Riba (interest)-free financial ecosystem in the country. The Bank recorded a 107% year-on-year growth in Non-Funded Income, while its deposit base grew by...

BankIslami has signed a Memorandum of Understanding (MoU) with the National Clearing Company of Pakistan Limited (NCCPL) to strengthen the presence of Islamic finance in the country’s capital markets. This collaboration aims to introduce innovative, Shariah-compliant financial solutions, creating new opportunities for investors seeking Riba-free financial solutions. This partnership combines BankIslami’s expertise in Islamic finance...

BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, reported a profit before tax (PBT) of PKR 8.95 billion for the first half of 2025 and announced an interim dividend of PKR 1.50 per share (15%) as it continues to transform into a digital and regionally competitive institution. BankIslami’s Non-Funded income surged by over 90%, despite declining...

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...

Ashfaque Ahmed, the Chief Information Officer (CIO) at BankIslami, brings more than 25 years of experience in IT leadership. As a Certified in the Governance of Enterprise IT (CGEIT) professional, he has a proven track record of leading large-scale IT projects and driving technological innovation. His expertise in software project management, IT governance, and digital...

‘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...

It starts, often, with someone else’s phone. A woman in a small town outside Lahore wants to send money to her son in Karachi, but she doesn’t own a mobile wallet. Her brother does, so she asks him to do it. In Karachi, a fruit seller keeps a basic bank account, not to save, but...

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...