KARACHI, April 23, 2025 – In a strong opening to the financial year, BankIslami, one of Pakistan’s leading Islamic banks, reported a Profit Before Tax (PBT) of Rs5.49 billion for the first quarter ended March 31, 2025. The solid performance marks a notable milestone in the bank’s ongoing evolution, combining strategic diversification with a deep commitment to technological innovation and ethical finance.
According to its official financial disclosure, BankIslami achieved a 6.3% growth in total income, supported by an exceptional 98% increase in non-fund-based income. This nearly twofold rise in earnings from non-traditional sources reflects the bank’s focused strategy to expand beyond core banking functions, a move that has proven essential in driving sustainable profitability amid a dynamic market environment.
BankIslami’s balance sheet strength was further reinforced by a 16% increase in overall deposits, with Current Accounts growing by 24.1% and Savings Accounts by 26.6% during the quarter. These robust figures indicate growing customer trust in BankIslami’s offerings and an expanding client base attracted by its Shariah-compliant services.
Highlighting the bank’s financial resilience, BankIslami reported a Capital Adequacy Ratio (CAR) of 22.89%, nearly double the regulatory minimum of 11.5%. This high CAR not only showcases the bank’s strong capital position but also signals prudent risk management and operational discipline in a period marked by economic uncertainty.
One of the most transformative achievements this quarter was the official launch of ‘aik’, Pakistan’s first fully digital Islamic banking platform. This mobile-first offering aims to redefine the Islamic banking experience for a new generation of tech-savvy, Shariah-conscious consumers. With features tailored for seamless usability and ethical financial management, ‘aik’ embodies BankIslami’s forward-thinking approach and sets a new benchmark for digital innovation within the Islamic finance sector.
Commenting on the results, Rizwan Ata, President and CEO of BankIslami, reiterated the bank’s commitment to ethical growth and inclusive financial access:
“Our strategy centers on responsible growth and expanding access to Shariah-compliant financial services. We are committed to saving humanity from Riba by delivering ethical, innovative, and customer-centric banking solutions.”
BankIslami’s network currently spans over 540 branches nationwide, and its services now encompass a wide array of segments including home remittance, trade and investment banking, cash management, and, most recently, digital banking. The bank’s continued emphasis on Islamic principles and purpose-driven banking not only differentiates it from its peers but also aligns closely with a growing demand for ethical and transparent financial alternatives.
As the financial landscape continues to evolve, BankIslami’s fusion of technology and tradition positions it as a vanguard in the Islamic banking ecosystem. With ‘aik’ setting the stage for a digital-first future and strong quarterly results reinforcing its financial foundation, BankIslami is poised to deepen its leadership role in Pakistan’s Islamic finance industry, fostering innovation, inclusion, and trust in equal measure.