BankIslami Reports its Highest-Ever Profitability during 2020

KARACHI: BankIslami has reported its highest-ever profitability during financial year 2020. Profit after tax closed at Rs. 1.70 billion, up by 56% comparing with profitability of Rs. 1.09 billion during the financial year 2019. Despite downward adjustment in policy rate, net spreads of the Bank increased by 16% on account… Continue reading

BankIslami enables its account holders on NIFT ePay

BankIslami signs up with NIFT ePay for Digital Commerce Payments. Karachi: BankIslami, in line with its vision to enable and promote cash-less and digital payments, becomes the first Islamic bank to go live with NIFT ePay. National Institutional Facilitation Technologies (NIFT), one of the largest payment processors in Pakistan launched… Continue reading

BankIslami Wins 4 awards at the 6th Islamic Retail Banking Awards 2020

KARACHI: BankIslami, Pakistan’s leading Islamic finance institution won 4 accolades at the prestigious 6th Islamic Retail Banking Awards (IRBA) 2020 adding another feather to its cap. BankIslami won the Critic’s Choice Best Islamic Retail Bank Award in Pakistan along with the Best Fintech Application Award for this year.  Syed Amir… Continue reading

International Banking, Finance Conference: BankIslami CEO Stresses Collective Efforts to Mitigate Covid-19’s Impact

KARACHI: The President and CEO of BankIslami, Syed Amir Ali stressed upon the stakeholders in the financial and banking sector to develop the solutions, models, and procedures for overcoming the economic challenges in wake of the pandemic, while addressing the 4th International Conference on Islamic Banking and Finance at IoBM… Continue reading

BankIslami, AirForce Join Hands BankIslami’s ATM Inauguration at Airmen Golf Club & Recreational Park (AGC&P)

Karachi:  BankIslami inaugurated their biometric ATM at the Airmen Golf Club & Recreational Park (AGC&P) in Karachi recently by Syed Amir Ali, President & CEO BankIslami accompanied by Air-Vice Marshal, Ghulam Abbas Ghumman, SI (M), T. Bt Air Officer Commanding Southern Air Command. The bank also presented a golf cart… Continue reading

BankIslami partners with PIA for in-plane branding

KARACHI: BankIslami Pakistan Limited, a leading Islamic bank with a network of 330 branches in 114 cities and the pioneer of One Touch Banking, signed the MoU with Pakistan International Airlines (PIA) at the PIA Headquarters in Karachi. The signing ceremony consolidated the collaboration for the in-plane branding of PIA’s… Continue reading

BankIslami and EFU Life join hands for BancaTakaful Business

Karachi: BankIslami Pakistan Limited and EFU Life Assurance Limited have entered into strategic alliance for distribution of EFU Life’s Hemayah Family Takaful products. BankIslami is one of the leading Islamic banks operating through a network of 330 branches in 114 cities in Pakistan. EFU Life is one of the leading… Continue reading

BankIslami announces 2018 annual financial results

Karachi: The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February 28, 2019. BankIslami posted profit before tax (PBT) of Rs. 403 million for the year 2018, depicting a growth by… Continue reading

BankIslami Introduces ‘OneTouch Banking’a Complete Biometric Banking Solution for the First time in Pakistan

KARACHI: With the growing prevalence of technologically advanced solutions in banking industry, BankIslami breaks through the industry with OneTouch Banking, a complete Biometric solution which enables you to carry out all your transactions by just an impression of your thumb. BankIslami, for the first time in Pakistan, introduces One Touch Banking… Continue reading

“BankIslami responds timely to cyber-attack, keeps customer accounts protected” is being released to the media

KARACHI: In a major effort to align its education and training system with the industry, the Usman Institute of Technology (UIT) has set up a Research and Development Cell for Robotics (RDCR) in collaboration with the leading robotics developer EDVON Robotics at its premises in Karachi. Formal launch of the… Continue reading