BankIslami, the country’s leading Islamic bank, has bagged one of the most prestigious national accolades this year by becoming the Brand of the Year 2019. The bank won in the Islamic Banking category in acknowledgment of its achievements in highlighting brand excellence as well as noteworthy performance across the industry.  The Brand of the Year […]

The new project will be deployed on Oracle Cloud Infrastructure for high-performance computing power to run the bank’s IT workloads while providing real-time elasticity. Amana Bank, a leading Islamic bank in Somalia announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based […]

Meezan Bank, Pakistan’s first and largest Islamic bank, recently announced a groundbreaking partnership with Finja, the country’s first dual-regulated fintech (regulated by SBP and SECP), to support MSMEs (Micro, Small, and Medium Enterprises) through Shariah-compliant digital financing. Local small businesses play a major role in the country’s economy but unfortunately, this sector has had limited […]

Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs. 200 billion by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan. The milestone transaction, powered by the […]

  Dato’ Arif Siddiqui, Chief Digital Officer at Faysal bank Limited shares the journey of digital transformation with Daily NewsPK and discusses the future initiatives that will be taken under his leadership.