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.
Bank Islami Pakistan’s Profit Plunges 50% in 9MFY25 Amid Rising Costs and Lower Yields
Bank Islami Pakistan Limited (PSX: BIPL) reports a sharp 50% decline in profit after tax for the nine months ended September 30, 2025, driven by compressed net profit margins, higher operating costs, and lower yields, despite strong securities gains and improved fee income.
SECP Certifies Walee Financial Services as Pakistan’s First Fully Shariah-Compliant Digital NBFC
The Securities and Exchange Commission of Pakistan (SECP) has certified Walee Financial Services as a fully Shariah-compliant Non-Banking Financial Company (NBFC), marking a milestone in Pakistan’s Islamic fintech landscape and strengthening faith-aligned digital innovation in financial services.
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.
Karandaaz and Walee Launch Shariah-Compliant Digital Financing for Women Entrepreneurs in Pakistan
Karandaaz Pakistan and Walee Financial Services launch Khudmukhtar Khatoon, a Shariah-compliant digital financing solution for women entrepreneurs. The program focuses on asset-based financing, empowering women-led businesses in apparel, food, and beauty sectors, and setting a new benchmark for inclusive finance in Pakistan.
BOP leads PKR 1.5 billion syndicated finance deal for 7.5 MW wind power project
The Bank of Punjab leads a PKR 1.5 billion syndicated financing deal for Burj Clean Energy Modaraba to develop a 7.5 MW wind power project for Power Cement, setting a benchmark for renewable energy financing in Pakistan.
NIBAF Pakistan Concludes 6-Day Islamic Banking Certificate Course in Lahore to Advance Shariah-Based Financial Expertise
NIBAF Pakistan successfully concluded its six-day Islamic Banking Certificate Course (IBCC–75 | Module 2) in Lahore, training professionals in Shariah compliance, Islamic finance principles, and modern banking practices.
Faysal Bank and EFU Life Launch Innovative Takaful Plans to Enhance Financial Inclusion and Wellness
Faysal Bank and EFU Life have launched two new Takaful products designed to integrate financial protection with wellness and long-term prosperity, marking a new milestone in Shariah-compliant financial solutions in Pakistan.
SECP Hosts Strategic Roundtable on the Future of Takaful in Pakistan’s Evolving Financial Landscape
The SECP hosted a strategic roundtable in Karachi to shape the future of Takaful in Pakistan, uniting key industry leaders, global brokers, Shariah scholars, and policymakers to accelerate Shariah-compliant insurance growth and align it with its Five-Year Strategic Plan.
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.