BankIslami Appoints Ayub Muhammad as Head of Service Quality & CX to Elevate Customer Experience
BankIslami has appointed Ayub Muhammad as Head of Service Quality & CX, bringing over 18 years of banking experience to enhance customer journeys, implement AI-driven automation, and strengthen service frameworks.
SBP Injects Rs12 Trillion Through Reverse Repo and Shariah-Compliant OMO to Support Liquidity
The State Bank of Pakistan conducted reverse repo and Shariah-compliant Modarabah-based Open Market Operations (OMO), injecting a total of Rs11.78 trillion into the banking system. The move aims to address liquidity shortages and stabilize financial markets, with Rs11.5 trillion through conventional reverse repo and Rs277 billion via Shariah-compliant instruments.
Meezan Bank and TCS Join Hands to Facilitate Bike Ijarah Financing for Couriers
Meezan Bank has signed an MoU with TCS Private Limited to introduce Bike Ijarah financing for TCS couriers. The partnership aims to enhance operational efficiency, promote financial inclusion, and empower employees through Shariah-compliant financial solutions.
NIBAF Concludes Islamic Banking Professional Development Program (IBPD–27) to Advance Shariah-Compliant Finance Expertise
NIBAF Pakistan successfully organized the 27th Islamic Banking Professional Development Program (IBPD–27) at its Islamabad Campus, providing in-depth training on Islamic finance principles, Shariah compliance, and product innovation to enhance professional capacity in the Islamic banking sector.
Faysal Bank Records PKR 32.8 Billion Profit Before Tax, Strengthening Its Position in Pakistan’s Islamic Banking Sector
Faysal Bank Limited (FBL) has reported a strong financial performance for the nine months ending September 2025, with a profit before tax of PKR 32.8 billion and net profit of PKR 15 billion. The bank’s continued growth in deposits, improved asset quality, and strong capital adequacy underscore its robust Islamic banking model and strategic foresight.
Book Chronicling Meezan Bank’s Remarkable Journey Launched in Lahore
A new book, “Unconventional – The Bank No One Saw Coming,” authored by Sibtain Naqvi, chronicles Meezan Bank’s journey under the visionary leadership of Irfan Siddiqui. The launch in Lahore highlighted the bank’s transformation into Pakistan’s largest Islamic bank and its enduring legacy of ethics and excellence.
TMC and Azentio Partner to Accelerate Islamic Banking Transformation in Pakistan
TallyMarks Consulting and Azentio have announced a strategic partnership to accelerate digital transformation in Pakistan’s Islamic banking sector. The collaboration aligns with the State Bank of Pakistan’s Islamic finance roadmap, combining regulatory compliance with cutting-edge technology to foster growth and innovation.
TMC and Azentio to Host NextGen Islamic Banking 2025 Event in Karachi
TMC and Azentio are set to host NextGen Islamic Banking 2025 in Karachi, bringing together senior banking leaders to explore the future of Shariah-compliant finance and digital transformation.
Islamic Banking Captures 25% Share of Pakistan’s Banking Industry, Says Former SBP Governor
Former State Bank governor Ishrat Husain highlights the rapid growth of Islamic banking in Pakistan, reaching 25% industry share in just two decades, with full conversion of the banking sector targeted by 2027.
NIBAF Concludes Islamic Finance Professional Program (IFPP–5) to Strengthen Expertise in Islamic Financial System
The National Institute of Banking and Finance (NIBAF) successfully conducted the fifth edition of the Islamic Finance Professional Program (IFPP–5) at its Islamabad campus, enhancing participants’ understanding of Islamic financial systems and equipping officers from the State Bank of Pakistan Banking Services Corporation (SBP-BSC) with advanced professional skills in Shariah-compliant banking and finance.