MCB Islamic Bank Unveils SUBUK Mobile App to Boost Digital Banking and Customer Experience
MCB Islamic Bank has launched its new mobile banking app “SUBUK,” designed to enhance digital convenience, security, and accessibility for Islamic banking customers across Pakistan, marking a major step in its digital transformation journey.
Soneri Bank Appoints Tanveer Zaman Khan as Head of Transformation to Drive Innovation and Growth
Soneri Bank Limited has appointed Mr. Tanveer Zaman Khan as its new Head of Transformation. With over 27 years of experience across top financial institutions, he brings a strategic vision for digital innovation, operational efficiency, and sustainable banking growth.
Waqas Anis Appointed Chief Digital Officer at BankIslami to Lead Next Phase of Digital Transformation
BankIslami has appointed Waqas Anis as its new Chief Digital Officer. With over two decades of experience in banking, consulting, and technology, Waqas will lead the bank’s digital strategy, driving innovation, digital lending, and customer experience enhancement to strengthen BankIslami’s position as a technology-driven Islamic financial institution.
Meezan Bank and Mastercard Enhance Cross-Border Payment Experience with “Spend Big, Win Big” Campaign
Meezan Bank, Pakistan’s premier Islamic bank, partnered with Mastercard to launch the “Spend Big, Win Big” campaign, aimed at encouraging international digital spending through Meezan Mastercard Debit Cards. The campaign not only rewarded customers with exciting prizes but also strengthened the bank’s focus on secure, seamless, and Shariah-compliant cross-border payments.
Meezan Bank Reports Rs70.5 Billion Profit for Nine Months of FY25 Amid Market Challenges
Meezan Bank Limited reported a net profit of Rs70.5 billion for the first nine months of FY25, reflecting a 10% year-on-year decline due to lower yields and higher credit loss provisions. Despite the dip, the bank maintained strong resilience through robust treasury operations and foreign exchange gains.
NIBAF Pakistan Strengthens Islamic Finance Expertise with Islamic Banking Professional Development Program (IBPD–29)
NIBAF Pakistan organized the Islamic Banking Professional Development Program (IBPD–29) at its Lahore Campus, offering a five-day intensive training designed to enhance professional capabilities in Shariah-compliant banking and deepen understanding of Islamic financial systems.
NIBAF Pakistan Empowers Banking Professionals through Islamic Banking Professional Development Program (IBPD–28)
NIBAF Pakistan successfully conducted the Islamic Banking Professional Development Program (IBPD–28), a comprehensive five-day initiative to enhance participants’ expertise in Shariah-compliant banking and strengthen operational practices across the Islamic finance sector.
SBP Injects Over Rs4 Trillion into Money Market Through Reverse Repo and Modarabah-Based OMO
The State Bank of Pakistan (SBP) conducted a large-scale Open Market Operation (OMO) to inject over Rs4.24 trillion into the financial system, addressing short-term liquidity needs through both conventional reverse repo and Shariah-compliant Modarabah-based instruments.
BankIslami Appoints Saira Gabol as Head of Human Resources, Strengthening Leadership for Future Growth
BankIslami Pakistan appoints Saira Gabol as Head of Human Resources, leveraging her international HR expertise to strengthen leadership development, organizational culture, and people strategy within the bank.
Faysal Bank Posts Rs15.5bn Profit for 9MFY25, Announces Rs1.5 per Share Dividend
Faysal Bank Limited posted a profit after tax of Rs15.55 billion for the nine months ended September 2025, down 24% year-on-year, and declared a Rs1.50 per share dividend. Despite higher expenses and tax pressure, the bank showed strong other income growth, improved asset quality, and continued investment in its digital and Islamic banking transformation.