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.
Bank of Khyber and Edwardes College Peshawar join hands to boost financial access through digital banking solutions
Bank of Khyber has partnered with Edwardes College Peshawar to offer customized digital and Shariah-compliant banking solutions, including salary disbursement, on-campus ATM services, and online cash management tools to enhance financial access for faculty, staff, and students.
Meezan Bank Partners with Naya Nazimabad to Launch Pakistan’s First Islamic Housing Finance for Under-Construction Projects
Meezan Bank partners with Naya Nazimabad to launch Pakistan’s first Islamic housing finance solution for under-construction projects, offering Shariah-compliant, affordable financing options aligned with SBP guidelines.
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.
Al Baraka Bank CEO Muhammad Atif Hanif Honored with Token of Appreciation by Senate Chairman at Pakistan Business Summit 2025
Muhammad Atif Hanif, CEO of Al Baraka Bank (Pakistan) Limited, was recognized with a Token of Appreciation by Senate Chairman Syed Yusuf Raza Gillani at the Pakistan Business Summit 2025 for his leadership in promoting Islamic finance and sustainable banking in Pakistan.
Sarmed Ijaz Appointed as Distribution Head – Retail Banking at Dubai Islamic Bank Pakistan
Dubai Islamic Bank Pakistan has appointed Sarmed Ijaz as Distribution Head – Retail Banking. With extensive leadership experience in multiple financial institutions, he brings strategic vision, strong business acumen, and a deep understanding of retail banking to his new role.
Allied Bank Joins Hands with Raqami Islamic Digital Bank for Cash Management Alliance
Allied Bank has entered into a Cash Management Alliance with Raqami Islamic Digital Bank, offering a range of services through ABL’s network. The collaboration supports digital-only, Shariah-compliant banking and highlights a joint vision for innovation, efficiency, and shared growth.
BankIslami Wins Best Islamic Banking Brand at GIFA Awards 2025
BankIslami has been honored with the title of Best Islamic Banking Brand at the Global Islamic Finance Awards 2025, reflecting its mission of promoting Shariah-compliant finance and the efforts of its leadership and workforce.
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.
Islamic Banking Captures 25% Industry Share in Pakistan, Says Former SBP Governor
Former SBP Governor Ishrat Husain highlighted the impressive growth of Islamic banking in Pakistan, which now holds 25% of the country’s total banking industry. Speaking at the launch of a book on Meezan Bank, he emphasized the sector’s role in fostering inclusive growth, poverty alleviation, and financial stability.