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 ...

Pakistan and UAE strengthen economic ties by signing multiple agreements in banking, mining, infrastructure, and logistics.

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.

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 ...

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