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

Samba Bank Limited has officially announced its intention to transition from conventional banking to a fully Islamic ...

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

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.

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.

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

The private banks were also advised to follow suit and adopt Shariah-compliant modes. Pakistan’s Islamic finance sector still remains relatively small in spite of serious attempts made in the ...

The Senate Standing Committee on Planning, chaired by Senator Quratul Ain Marri, convened to discuss the construction of the ...

This collaboration aims to address the growing demand for high-quality Shariah Compliant Banking systems in the rapidly ...

Bank of Khyber (BoK) has formally initiated its transition into a full-fledged Islamic bank, the bank shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

Azerbaijan will invest $2 billion in Pakistan to improve roads infrastructure while Islamic Development Bank has agreed to make investment for the first two sections of Sukkur-Hyderabad (M-6) Motorway ...

the Islamic Development Bank and five other institutions said in a letter that Pakistan was renegotiating wind and solar power contracts with independent producers to bring down energy costs in "a ...