Karachi, Pakistan, January 21, 2025: BankIslami Pakistan has been recognized as the “Best Islamic
Trustee” at the IFN Best Banks Poll 2024, marking a significant moment in the global Islamic finance
landscape.
The IFN Best Banks Poll, now in its 20th edition, introduced the “Best Islamic Trustee” category this
year, acknowledging the critical role of trustee and custodial services in the Islamic finance ecosystem.
BankIslami secured the top position in a highly competitive category, with Maybank and Standard
Chartered Bank named as runners-up.
This year’s poll attracted input from financial stakeholders across 35 countries, underscoring the
increasing relevance and growth of Islamic finance on a global scale.
The “Best Islamic Trustee” category was introduced to highlight financial institutions providing fiduciary
and custody services that prioritize asset management for third-party managers. The award reflects
BankIslami’s approach to these services, rooted in compliance with Shariah principles and operational
reliability.
The annual IFN Best Banks Poll is considered a key measure of industry sentiment and performance in
Islamic finance. Categories such as Best Islamic Bank for ESG & SRI, Best Islamic Digital Bank and the
new Best Islamic Trustee represent evolving priorities in the sector, including sustainability, digital
transformation and asset stewardship.
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About BankIslami
BankIslami is one of the country’s leading Islamic financial institutions, with a network of over 530
branches nationwide. Established in 2005 as the first Islamic commercial bank to receive a license under
Pakistan’s 2003 Islamic Banking Policy, BankIslami provides a range of Shariah-compliant banking
solutions, including retail, investment and trade finance services. As a subsidiary of JSGroup, it is part of
one of Pakistan’s leading financial services groups.
About IFN
Islamic Finance News (IFN) is a global platform for Islamic banking and finance, providing news,
insights and analysis to audiences in over 35 countries. The annual IFN Best Banks Poll recognizes
outstanding contributions across various segments of Islamic finance, offering a comprehensive snapshot
of market trends and institutional performance.
