Islamic Banking

Islamabad, 6 May, 2025: BankIslami Pakistan Limited has acquired KASB Altitude, a 32-storey commercial tower in Clifton Block 1, Karachi, to serve as its new office space. The bank shared …

Islamabad, Apr 23, 2025: Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to its Head Office in Karachi in a landmark visit aimed at …

Islamabad, Mar 5, 2025: Khushhali Microfinance Bank Limited (KMBL) has taken a major initiative to strengthen its Islamic banking services, aligning with the State Bank of Pakistan’s Vision 2028. This …

Islamic Banking Russia is embarking on a historic journey by launching Islamic banking for the first time, initiating a two-year pilot program set to commence on September 1. With an …

The Russian parliament has passed a bill authorizing the implementation of Islamic banking in four predominantly Muslim-populated regions of the country. Starting on September 1, 2023, and spanning two years, …

During the FY22, the composition of Islamic banking industry (IBI) remained same with 22 Islamic Banking Institutions (IBIs), including five full-fledged Islamic Banks (IBs) and 17 Conventional Banks having Islamic …

Assets of IBI grew by 30.6 percent in CY21, while deposits increased by 24.2 percent during the same period. As a result of this strong growth, the market share of …

the assets of the Islamic banking industry increased to Rs 4.269 trillion, while deposits reached Rs 3.389 trillion by the end of December 2020. The financing of the Islamic banking …

the assets of the Islamic banking industry increased to Rs 4.269 trillion, while deposits reached Rs 3.389 trillion by the end of December 2020. The financing of the Islamic banking …

ISLAMABAD: HBL’s Islamic Banking and Edenrobe signed a Merchant Establishment Agreement on 7 July 2021, at Lucky One Mall in Karachi. The agreement was signed by Shahzad Babar, Head Governance, …