Al Baraka Bank Pakistan Launches Digital Hub and Digital Auto Finance to Drive Islamic Banking Innovation
Al Baraka Bank Pakistan has inaugurated its Digital Hub and introduced Digital Auto Finance, strengthening its digital transformation strategy and expanding Shariah-compliant financial solutions for customers across Pakistan.
UBL Appoints Muhammad Usman Siddiqui VP Unit Head Asset Products Islamic Banking
United Bank Limited announces the appointment of Muhammad Usman Siddiqui, CFA, CICC as Vice President and Unit Head Asset Products for Islamic Banking, strengthening leadership and product innovation in Shariah-compliant finance.
IBA Karachi’s MS Islamic Banking and Finance Program Marks Key Milestone as Graduates Enter Growing Shariah-Compliant Finance Market
IBA Karachi’s MS Islamic Banking and Finance program, launched in 2017, saw 11 graduates attend the 2025 convocation as demand for Islamic finance professionals rises following the Federal Shariat Court’s conversion deadline.
Meezan Bank Reports Rs70.5 Billion Profit for Nine Months of FY25 Amid Market Challenges
Meezan Bank Limited reported a net profit of Rs70.5 billion for the first nine months of FY25, reflecting a 10% year-on-year decline due to lower yields and higher credit loss provisions. Despite the dip, the bank maintained strong resilience through robust treasury operations and foreign exchange gains.
NIBAF Pakistan Empowers Banking Professionals through Islamic Banking Professional Development Program (IBPD–28)
NIBAF Pakistan successfully conducted the Islamic Banking Professional Development Program (IBPD–28), a comprehensive five-day initiative to enhance participants’ expertise in Shariah-compliant banking and strengthen operational practices across the Islamic finance sector.
Bank Alfalah and NCCPL Sign MoU to Expand Commercial Banks’ Role in Strengthening Pakistan’s Capital Markets
Bank Alfalah and the National Clearing Company of Pakistan Limited (NCCPL) have signed an MoU to enhance commercial banks’ role in capital markets, improve liquidity, and broaden investment opportunities for local and overseas investors.
NIBAF Pakistan Concludes Islamic Banking Certification Program for Bank Alfalah Officers
NIBAF Pakistan has completed the Islamic Banking Certification Program (IBCC – 74) for Bank Alfalah officers in Karachi, equipping participants with practical skills in Shariah-compliant banking and strengthening capacity in the country’s growing Islamic finance industry.