BankIslami hosted a reception dinner in Riyadh in honor of His Excellency Ahmad Farooq, Ambassador of Pakistan to the Kingdom of Saudi Arabia. The event brought together members of Saudi civil society as well as the Pakistani diaspora. Commenting on the nearly eight-decade-long partnership between the Kingdom of Saudi Arabia and Pakistan, Ambassador Farooq highlighted […]
BankIslami
BankIslami, NCCPL join hands to expand Islamic finance
BankIslami has signed a Memorandum of Understanding (MoU) with the National Clearing Company of Pakistan Limited (NCCPL) to strengthen the presence of Islamic finance in the country’s capital markets. This collaboration aims to introduce innovative, Shariah-compliant financial solutions, creating new opportunities for investors seeking Riba-free financial solutions. This partnership combines BankIslami’s expertise in Islamic finance […]
BankIslami, MG introduce industry’s lowest auto rental rate
BankIslami, Pakistan’s leading Islamic bank, has announced a special collaboration with MG Motors Pakistan, offering customers the most competitive Shariah-compliant auto financing package in the industry. With an unprecedented rental rate starting from just 4.99% (1-year equivalent rate 1.49%), BankIslami’s MG financing offer sets a new benchmark in affordability and convenience for auto consumers. This […]
SC dismisses petition against BankIslami-KASB merger
KARACHI: The Supreme Court of Pakistan (SC) has dismissed the petition filed by Khadim Ali Shah Bukhari, former CEO of defunct KASB bank, and other minority shareholders challenging the KASB merger with BankIslami. “The Honourable Supreme Court of Pakistan by an order has dismissed applications by Nasir Ali Shah Bukhari and other minority shareholders of […]