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Karachi, June 17, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic banks, has signed a Technical Services Agreement with Al-Hilal Shariah Advisors. Through this deal, both institutions aim to enhance Shariah screening and equity monitoring through data-driven tools.
Under the agreement, Al-Hilal Shariah Advisors will provide technical support for screening listed equities on the Pakistan Stock Exchange. It will apply pre-defined Shariah parameters approved by BankIslami’s Shariah Board. In addition, it will continuously monitor equities to identify companies moving toward Shariah compliance. As a result, the bank will improve speed, accuracy, and transparency in its compliance process.
Moreover, the use of advanced data analytics will strengthen Shariah governance. It will also support more reliable and timely investment decisions in the capital market.
BankIslami and Al-Hilal Shariah Advisors formalised the agreement at a signing ceremony in Karachi. Senior representatives from both organisations attended the event, including Imran H Shaikh, Deputy CEO of BankIslami, and Faraz Younus Bandukda, CEO of Al-Hilal Shariah Advisors.
Speaking on the occasion, BankIslami President and CEO Rizwan Ata said the partnership reflects the bank’s focus on operational efficiency and cost effectiveness. Furthermore, he said the collaboration highlights the importance of using data-driven insights to strengthen Shariah-compliant capital markets in Pakistan.
Overall, the agreement reinforces BankIslami’s commitment to improving Shariah governance. It also ensures more reliable, timely, and technology-enabled compliance monitoring going forward.
