In a significant move toward the future of Islamic finance, BankIslami has launched ‘aik’, Pakistan’s first fully digital ...

Meezan Bank, Pakistan’s leading Islamic bank and NED University of Engineering and Technology have signed a landmark ...

Samba Bank Limited, a subsidiary of the Saudi National Bank of the Kingdom of Saudi Arabia, has announced plans ...

KARACHI: Samba Bank Limited has officially announced its decision to convert its operations from conventional banking to ...

Record-breaking pre-tax profit of over AED 9.0 billion underscores strong shareholder returns reinforcing DIB’s global ...

However, the shift reflects the increasing demand for Islamic banking in Pakistan. The SBP defines Islamic banking as a system aligned with Islamic values and free from interest-based transactions.

Concept paper finalised under Strategic Action Plan 2024-26 to develop Islamic finance in the non-bank financial sector.

Pakistan’s progress on digital banking has been woefully slow; it is even more distressing in the Islamic fintech space despite the growing demand for Shariah-compliant digital banking solutions.

In this regard, the Pakistani envoy called for early peace in Ukraine and welcomed European Union’s humanitarian support in ...