BankIslami Q1 2026 Profit Plummets 65% as Securities Gains Collapse
BankIslami Pakistan reports a sharp decline in consolidated profit for Q1 2026, falling to Rs 903.88 million amid shrinking core margins and a 97% drop in securities gains.
State Bank of Pakistan Injects 2 Trillion Rupees into Banking System via Open Market Operations
SBP manages market liquidity by injecting 2.01 trillion rupees through conventional reverse repo and Shariah-compliant Modarabah operations at a 10.5 percent rate.
NIBAF Pakistan hosts Islamic Banking Certificate Course IBCC-77 Module 3 to advance Shariah-compliant banking expertise
NIBAF Pakistan conducts IBCC-77 Module 3 in Islamabad, strengthening skills in Islamic banking principles, products, and operations for industry professionals.
Meezan Bank Expands Merchant Network and Raast Integration to Drive Cashless Economy
Meezan Bank scales its digital payment strategy by onboarding 140,000 new merchants and integrating Raast to accelerate Pakistan’s transition to a formal economy.
NIBAF Pakistan Hosts Module 3 of Islamic Banking Certificate Course to Advance Shariah-Compliant Finance Expertise
NIBAF Pakistan conducted Module 3 of IBCC-76 at its Karachi Campus, bringing together officers from commercial banks and SBP to deepen practical knowledge of Shariah-compliant banking operations and governance frameworks.
LOLC Islamic Launched in Pakistan with First Shariah-Compliant Microfinance Branch
LOLC Group has launched LOLC Islamic by inaugurating its first Islamic Microfinance Branch in Bara Kahu, Islamabad, marking a major step toward ethical, Shariah-compliant banking and financial inclusion in Pakistan.
MCB Islamic Bank Unveils SUBUK Mobile App to Accelerate Its Digital Banking Transformation
MCB Islamic Bank has launched its new mobile banking application, SUBUK, as part of a broader digital transformation strategy aimed at delivering secure, customer-centric, and Shari’ah-compliant digital banking services.
Mobilink Bank Launches Digital Islamic Banking to Lead Shariah-Compliant Innovation in Pakistan’s Microfinance Sector
Mobilink Bank has launched Islamic banking operations aimed at delivering Shariah-compliant, digitally driven financial services across Pakistan’s microfinance landscape, marking a major milestone in inclusive finance.
MCB Islamic Bank unveils SUBUK app as it accelerates its digital Islamic banking strategy
MCB Islamic Bank launches SUBUK, a new mobile banking app designed to elevate digital Islamic banking through improved user experience, enhanced security, and a customer-focused approach.
NIBAF Pakistan Completes Islamic Banking Certification Program for Bank Alfalah Officers
NIBAF Pakistan conducted the Islamic Banking Certification Program (IBCC – 74) for Bank Alfalah officers in Karachi, led by Muhammad Irfan. The program focused on Shariah-compliant trade operations and marketing practices, equipping participants to contribute to the growth of Islamic finance.