Islamic banking
Hammad Khalid Steps In as New President, CEO of MCB Islamic Bank
Hammad Khalid has been appointed President and Chief Executive Officer of MCB Islamic Bank, marking a leadership transition at one of the country’s leading Islamic…
Mobilink Bank Posts Record PKR 3.62B PBT, Reinforcing Its Position as Pakistan’s Largest Microfinance Bank
Pakistan’s leading digital microfinance bank, Mobilink Bank has announced its financial results for the year ended December 31, 2025. The bank delivered strong growth across…
Islamic Bank Financing Surges Over 800% as Businesses Exit Conventional Loans
Islamic bank financing in Pakistan has surged by more than 800 percent during the first half of the current financial year as the private sector…
Fitch-Rated Sukuk Market Jumps to $231 Billion in 3Q2025
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…
SBP Calls for Collaboration to Speed Up Islamic and Digital Banking
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…
Kia Stonic EX+ Now Available with Shariah-Compliant EMI Plan
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 Profit Down 10% in 9MFY25
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 Gets SBP’s Green Light to Become a Full Islamic Bank
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…
SBP Injects PKR 3.3 Trillion to Stabilize Liquidity
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 Microfinance Sector Shifts to Islamic Banking
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 Drops 10% in H1 2025 Report
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 New CEO Muhammad Ali Gulfaraz Takes Charge
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…
Khushhali Bank Announces Plans for Islamic Banking Expansion
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…
