Islamic banking

Fitch-rated sukuk continued their upward trend in 2025, reaching $231 billion by the end of the third quarter, with the rating agency calling July to…

Pakistan’s central bank is calling for a united push to fast-track the country’s shift toward Islamic and digital banking. Senior officials from the State Bank…

Lucky Motor Corporation (LMC) has introduced a new Shariah-compliant, interest-free 18-month EMI plan for the Kia Stonic EX+, providing buyers with a more accessible and…

Meezan Bank Limited (PSX: MEBL) reported a profit after tax of Rs70.52 billion for the nine months ended September 30, 2025, down 10% from Rs78.33…

Samba Bank Limited has received in-principle approval from the State Bank of Pakistan (SBP) to convert into a full Islamic bank. This marks a major…

The State Bank of Pakistan (SBP) has injected over PKR 3.3 trillion into the financial system through its latest Open Market Operations (OMOs), aiming to…

Pakistan’s microfinance sector is gradually transitioning from conventional operations to Islamic banking modes in line with constitutional directives. The shift covers both microfinance banks and…

Meezan Bank profitability declined in the first half of 2025, as the bank posted a Profit After Tax (PAT) of Rs46.2bn, marking a 10% drop…

Dubai Islamic Bank Pakistan Limited has appointed Muhammad Ali Gulfaraz as its new Chief Executive Officer, effective May 2, 2025, strengthening its leadership with his…

ISLAMABAD: The State Bank of Pakistan’s Vision 2028 seeks to assist conventional banks in becoming Shariah-compliant financial institutions in accordance with the decision of the…

In a public email released on Tuesday, United Bank Limited (PSX: UBL) announced that it has successfully converted all its branches in Balochistan and Khyber…