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Recognition highlights the Bank’s Shariah-compliant platform across client segments and its sukuk structuring capability across growth markets Karachi : May 8,2026 Standard Chartered has been named ‘Islamic Bank of the Year’ and awarded ‘Most Innovative Sukuk’ by The Banker, recognising the strength of its Islamic banking platform across affluent, corporate and …
Read More »LUMS Collaborates with Allied Bank to Advance Robotics Innovation in Banking
LAHORE: The Lahore University of Management Sciences (LUMS), through its CHISEL Lab, has entered into a strategic research and development collaboration with Allied Bank to explore the potential of robotics and Human-Robot Interaction (HRI) in transforming banking experiences. The agreement was signed by Mr. Muhammad Zaman, Group Head, Digital Transformation …
Read More »BankIslami, aik Join Paklaunch to Drive Dialogue on Fintech, AI at UNConference ‘26
Karachi, May 06, 2026 –: BankIslami and its digital banking platform- aik, partnered with Paklaunch for the 8th edition of its flagship event, UNConference ‘26. The two-day summit gathered a select group of founders, investors, and policymakers to discuss the trajectory of Pakistan’s startup ecosystem, with a particular focus on Fintech, artificial intelligence, …
Read More »ABHI Microfinance Bank, REDtone Group launch employee banking solution for corporate workforce
KARACHI, May 4, 2026: ABHI Microfinance Bank Ltd. has entered into a strategic partnership with REDtone Group, a multi-country telecom, engineering, and digital transformation company, to introduce an enhanced employee banking solution aimed at improving financial access and convenience for corporate employees. The collaboration is designed to empower the workforce …
Read More »Govt Raises Rs114 Billion Through Hybrid Sukuk Auction
Karachi, April 30: The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, …
Read More »SBP eases housing finance rules, sets 15-day approval timeline
Karachi: The State Bank of Pakistan (SBP) has introduced additional facilitative measures under its housing finance program to improve access to loans and streamline the approval process for prospective borrowers. Under the revised framework, the central bank has capped the debt burden ratio at 65 percent, requiring that total monthly …
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