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.
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.
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.