The announcement from the Ministry of Finance last week that it will advise the State Bank of Pakistan and National Bank to withdraw their appeal against the Federal Shariat Court’s decree to convert to an Islamic financial system comes as a welcome step. Senator Mohammad Ishaq Dar, Federal Minister for Finance and Revenue, announced that […]

Faysal Bank Limited (FBL) joins hands with Pakistan Cricket Board for the promotion of PCB Grassroots Cricket Development Program. An introduction and promotion event was recently held at a local hotel in Karachi in this regard. Faysal Islami, a leading Islamic bank, firmly believes in promoting all initiatives that contribute towards the positive projection of […]

Meezan Bank, Pakistan’s leading Islamic bank and Burj Solar Energy Private Limited (BSEPL) are  pleased to announce the financial close of PKR 1 billion syndicated Islamic finance facility for BSEPL’s portfolio of renewable distributed power generation in Pakistan. The first tranche of PKR 580 million will be used to finance the construction of 7 MW […]

Meezan Bank, Pakistan’s leading Islamic bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest integrated gas company in North Central Pakistan, to enable digitalization of consumer bill collection via the Bank’s state-of-the-art Transaction Banking Solution (eBiz+). The agreement was signed by Mr. Irfan Siddiqui – Founding President & CEO, […]

Meezan Bank – Pakistan’s first and largest Islamic bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – a first-of-its-kind transaction in Islamic banking industry, developed as a Shariah-compliant alternate to local bill discounting facility. The first drawdown under the facility was made against a deferred […]

Meezan Bank, Pakistan’s first and largest Islamic bank held a learning session titled ‘The Glorious Role of Women in Islam’ for the female staff members of the Bank on International Women’s Day at its Head Office, Karachi. Alimah Sobia Hasan, Co-founder and Director at Maryam Institute – a non-commercial, non-political educational institute for women dedicated to classical […]

Meezan Bank, Pakistan’s first and largest Islamic bank, has recently introduced mobile-based contactless payment service for its customers through its Mobile Banking App. Based on the Near Field Communications (NFC) technology, the service, named – ‘Meezan Mobile Tap & Go’ enables customers to pay by simply tapping their NFC enabled Android smartphones at POS (Point […]

Singapore mainboard listed Silverlake Axis Ltd. (SGX:5CP) (“SAL” or “the Group”), the ASEAN market leader in core banking software, announced an expansion to the partnership with Silkbank Limited (“Silkbank”), a leading commercial and Islamic bank in Pakistan. Through the latest agreement, Silkbank will upgrade its card management suite to use Silverlake Axis’s latest platform, Silverlake […]

Meezan Bank has collaborated with the National Clearing Company of Pakistan Limited (NCCPL) to develop new Shariah-compliant products for the country’s capital market. Through this collaboration, Meezan Bank will extend its support in introducing the Murabaha Share Financing System (MSF) — a new Shariah-compliant product implemented by the NCCPL to help extend Shariah-compliant stock financing […]

Bahrain Islamic Bank has launched  a new feature in its Bank’s corporate mobile application, BisB Corporate Digital for its corporate customers. The new end-to-end digital service allows individual establishments and Sijili customers to open and operate a corporate account using facial recognition in a few minutes. This service completely eliminates the hassle of customers needing […]