BankIslami and EFU
BANKING

BankIslami and EFU Life join hands for BancaTakaful Business

KARACHI – BankIslami Pakistan Limited and EFU Life Assurance Limited have entered into a 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 life insurance companies […]

Meezan Bank
BANKING

Meezan Bank signs Cash Management Services Agreement with Port Services Limited

KARACHI – Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments & cash management services. The agreement was signed by Mr. Abdullah Ahmed – Group Head Corporate & Institutional Banking, Meezan Bank and Mr. Navid Iqbal Sheikh – Director, […]

Standard Chartered
BANKING

Standard Chartered Pakistan receives “Best Commercial Bank 2019” Award by Management Association of Pakistan

KARACHI – Standard Chartered Pakistan has been recognized as the Best Commercial Bank 2019 by Management Association of Pakistan (MAP). This award is a recognition of Standard Chartered’s superior and unmatched product suite and banking capabilities. Since inception Standard Chartered has launched several products and solutions to meet the needs of its diverse set of […]

Meezan Bank
BANKING

Meezan Bank and Central Depository Company join hands to provide Shares Custody Services to Meezan Customers

KARACHI – Meezan Bank Pakistan’s leading Islamic bank and the Best Bank in Pakistan, has recently joined hands with Central Depository Company (CDC) – the sole securities (shares) depository in the country – to launch Shares Custody Services for its customers. Mr. Ariful Islam, Deputy CEO, Meezan Bank and Mr. Badiuddin Akber, Chief Executive Officer, […]

Bank Alfalah
BANKING

Bank Alfalah Islamic signs Strategic Partnership MoU with LUMS

Bank Alfalah Islamic Banking has recently signed MoU for Strategic Partnership with Centre for Islamic Finance (CIF) at Lahore University of Management Sciences (LUMS) to jointly setup a research initiative to promote Pakistan’s first ever asset side Musharakah based financing product. The understanding between one of the leading Islamic Banking Institution and Pakistan’s top business […]

Bank Alfalah
BANKING

Bank Alfalah profit before tax up by 21 pct in the first quarter

The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on 25 April 2019, approved the Bank’s unaudited interim financial statements for the period ended March 31, 2019. Profit before taxation stands at Rs. 6.134 billion for the  quarter ended March 31, up from Rs. 5.075 billion rupees a year ago, […]

BANKING

BankIslami posts Profit After Tax of Rs.251 million in First Quarter of the Year 2019

KARACHI – The Board of Directors of BankIslami has approved the Bank’s First Quarter Financial Statements for the period ended March 31, 2019, in their meeting held in Karachi on April 24, 2019. The Bank has witnessed a promising start of the year 2019 and posted impressive results during first quarter of the current year. […]

BankIslami
BANKING

BankIslami Pakistan signs MoU with BIPL Securities and Kifayah Investment Company

KARACHI – A Memorandum of Understanding (MoU) has been signed between BankIslami, BIPL Securities and Kifayah Investment Company with the aim to promote investment culture for Non-Resident Pakistanis (NRPs) and locals in Pakistan by providing them a one-stop solution for all their investment needs.

Taleem by Alfalah Investments
BANKING

“Taleem by Alfalah Investments”- A Savings Strategy for Children’s Higher Education

KARACHI – Alfalah Investments launched their latest education-centric savings strategy “Taleem by Alfalah Investments” in Karachi, accompanied by a special screening of Disney’s latest children’s animated fantasy movie, ‘Dumbo’. The objective of the strategy is to aid young parents in the planning of their children’s future through regular investments, no matter how small, and help […]

BANKING

Khushhali Microfinance Bank goes live on Temenos Core Banking, FCM, Business Analytics and Digital Platform with NDCTech Pakistan

KARACHI – Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan, announced that they have gone live with the world’s leading Core Banking System along with  Financial Crime mitigation (FCM) and Analytics offered by Temenos (the software specialist for banking and finance). The system is implemented by National Data Consultant (NdcTech), a specialized Fintech […]