HBL Microfinance Bank Launches Islamic Banking in Pakistan

The bank has inaugurated its first Islamic banking branch in Timergara, Khyber Pakhtunkhwa, after receiving a licence from the State Bank of Pakistan.

HBL Microfinance Bank Limited (HBL MfB) has launched Islamic banking operations, opening its first Islamic banking branch in Timergara, Khyber Pakhtunkhwa, following the grant of an Islamic banking licence by the State Bank of Pakistan (SBP).

The new service will provide Shariah-compliant financial solutions to individuals, micro-entrepreneurs, farmers and communities seeking banking services aligned with Islamic principles.

Amir Khan, President and CEO of HBL Microfinance Bank, said the launch marked an important milestone in the bank’s efforts to make financial services more inclusive and accessible.

He said the first Islamic banking branch in Timergara would help bring banking services closer to communities and support customers in managing their financial needs.

Established in 2002, HBL Microfinance Bank serves customers across Pakistan, with a focus on improving access to financial services for underserved communities.

The launch of Islamic banking expands the bank’s service offerings by providing customers with another option for accessing financial solutions structured around Shariah principles.

HBL Microfinance Bank said it aims to expand its Islamic banking operations further as part of its broader efforts to support financial inclusion and economic progress.