Karachi, September 28, 2023: Bank Alfalah Islamic, the leading Islamic banking institution, is reappointed as a Joint Financial Advisor (JFA) to the Ministry of Finance for 5 years, reinforcing its status as the sole Islamic Banking window among esteemed JFAs, dedicated to provide advisory services for the issuance of Government of Pakistan Ijara Sukuk, Green Sukuk and any Shariah compliant instrument. The Ministry’s reappointment highlights the Bank’s commitment and expertise in Islamic Banking and Shariah Advisory, reaffirming its role as a trusted government financial partner.
“We are honored to be reappointed as the Joint Financial Advisor to the Ministry of Finance for Domestic Sukuk issuance. This appointment reflects our expertise and showcases the importance of Islamic banking in Pakistan’s financial landscape”, said Dr. Muhammad Imran, Head of Islamic Banking.
Bank Alfalah Islamic remains resolute in its commitment to providing outstanding Islamic financial services, fostering the development and prosperity of Pakistan’s economy.
About Bank Alfalah:
Bank Alfalah is a leading commercial bank in Pakistan, boasting over 900 branches across 200 cities and an international presence in the UAE, Bangladesh, Bahrain, and Afghanistan. The bank offers a wide range of products and services, including corporate and investment banking, consumer banking, securities brokerage, commercial, small and medium enterprise, agricultural, and asset financing to private-sector institutions and governments.
In 2018, Bank Alfalah launched its digital banking group, setting a high standard for the industry to follow with its Alfa app, a revolutionary new application that brings together an unprecedented range of services and features all in one convenient platform. In 2022, the bank was awarded the best ‘Digital Bank’ and ‘Housing Finance’ across Pakistan, highlighting its commitment to simplifying and improving the financial capabilities of its customers.
