Faysal Bank Boosts Subsidiary FICECL with Rs. 200 Million Rights Issue
Faysal Bank Limited (FABL) has injected Rs. 200 million into its subsidiary FICECL via a rights issue to comply with regulatory capital requirements, supporting the growth of its forex exchange operations.
State Bank of Pakistan Injects Rs358.5 Billion via Reverse Repo and Modarabah-Based OMO
The State Bank of Pakistan conducted conventional reverse repo and Shariah-compliant Modarabah-based Open Market Operations, injecting a total of Rs358.5 billion into the banking system to address liquidity needs.
Askari Bank Names Shazia Mohsin as Head – Islamic Corporate Product & Strategy
Shazia Mohsin has been appointed as Head of Islamic Corporate Product & Strategy at Askari Bank, tasked with driving innovation and strengthening Shariah-compliant corporate banking solutions.
UBL Ameen Appoints Chaudhry Qaiser Iqbal as Group Head Branch Banking – Northern Punjab
UBL Ameen has elevated Chaudhry Qaiser Iqbal to Group Head Branch Banking for the Northern Punjab Cluster, highlighting confidence in his leadership and expertise in Islamic banking operations.
BankIslami aik Promotes Shariah-Compliant Digital Banking for Financial Inclusion in Pakistan
BankIslami’s digital banking platform ‘aik’ meets Khyber Pakhtunkhwa Governor to discuss Shariah-compliant, technology-driven solutions supporting financial inclusion and Pakistan’s transition to a cashless economy.
Meezan Bank Names Dr Syed Amir Ali as President and CEO, Succeeding Irfan Siddiqui
Meezan Bank Limited has appointed Dr Syed Amir Ali as its new president and CEO effective December 30, 2025, marking a major leadership transition at Pakistan’s largest Islamic bank.
UBL Appoints Muhammad Usman Siddiqui VP Unit Head Asset Products Islamic Banking
United Bank Limited announces the appointment of Muhammad Usman Siddiqui, CFA, CICC as Vice President and Unit Head Asset Products for Islamic Banking, strengthening leadership and product innovation in Shariah-compliant finance.
NIBAF Pakistan Holds Shariah Governance Training Workshop for UBL Staff in Karachi
NIBAF Pakistan organized a one-day Shariah governance workshop for UBL Shariah Secretariat staff in Karachi, focusing on compliance, governance, and Islamic banking practices.
Sindh Bank to Convert All Branches to Islamic Banking by 2027
Sindh Bank announces plans to convert 60 branches to Islamic banking in 2025, with full transition of all 330 branches by 2027, emphasizing ethical, transparent, and customer-centric financial practices.
Irfan Siddiqui Center for Advancement of Islamic Finance Launched to Strengthen Islamic Banking in Pakistan
The Irfan Siddiqui Center for Advancement of Islamic Finance has been inaugurated at NIPA to promote education, research and professional development in Islamic banking, honoring Irfan Siddiqui’s leadership in Pakistan’s Islamic finance sector.