Meezan Bank Posts 11% Decline in Q3CY25 Profit Amid Rising Costs and Lower Income
Meezan Bank Limited, Pakistan’s largest Islamic bank, reported an 11% year-on-year decline in profit after tax for the third quarter of CY25, citing higher operating expenses and lower net returns.
Sarmed Ijaz appointed as Head of Distribution at DIB Pakistan to drive growth and network expansion
Mr. Sarmed Ijaz, a seasoned banking leader with over two decades of experience, has joined Dubai Islamic Bank Pakistan Limited as Head of Distribution to strengthen its branch network and drive strategic growth across Pakistan.
SBP and Industry Leaders Unite to Drive Islamic and Digital Banking Evolution in Pakistan
Senior officials from the State Bank of Pakistan and leading bankers have called for stronger collaboration to accelerate the digital and Islamic banking transformation in Pakistan. Speaking at the “NextGen Islamic Banking in Pakistan – 2025” forum, they emphasized innovation, regulatory alignment, and partnership-driven growth to shape a Shariah-compliant digital financial ecosystem.
Meezan Bank and VizPro Collaborate to Launch Digital Supply Chain Financing in Pakistan
Meezan Bank and VizPro sign an MoU to launch Digital Supply Chain Financing in Pakistan. The initiative will offer retailers Shariah-compliant financing through a fully digital process, strengthening the SME and retail ecosystem with technology-driven solutions.
Ms. Zaeem joins DIBPL to drive brand transformation and strategic marketing initiatives
Ms. Zaeem, with over three decades of marketing and branding expertise, joins DIBPL to lead its brand transformation, enhance customer engagement, and drive strategic growth initiatives in Pakistan’s banking industry.
Islamic Banking Professional Development Program Empowers Future of Financial Sector in Pakistan
NIBAF Pakistan launches the Islamic Banking Professional Development Program (IBPD – 28) to strengthen expertise in Islamic finance. The five-day program in Karachi brings together SBP and commercial bank officers for specialized training on Shariah-compliant banking principles and regulatory frameworks.
Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.
Muhammad Atif Hanif’s journey at Al Baraka Bank Pakistan inspires Islamic banking leadership
Muhammad Atif Hanif, President and CEO of Al Baraka Bank Pakistan Limited, is redefining leadership in Islamic banking through over 26 years of financial expertise, strategic policy contributions, and commitment to economic growth.
SBP Injects Over Rs10 Trillion Through OMO to Stabilize Liquidity
The State Bank of Pakistan has injected over Rs10 trillion into the banking system through conventional and Shariah-compliant OMOs to stabilize liquidity and support the financial sector. This strategic move underscores SBP’s dual liquidity management framework for both conventional and Islamic markets.
NIBAF holds final examination of IBCC-74 for Bank Alfalah officers in Karachi
NIBAF Pakistan successfully conducted the final examination of the Islamic Banking Certificate Course (IBCC-74) for Bank Alfalah officers, marking the completion of their specialized training in Shariah-compliant banking at the Karachi campus.