Karachi, September 01, 2020: The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on August 28, 2020 in Karachi approved the Bank’s interim financial results for the first half year ended June 30, 2020. BankIslami generated operating profits (before provisions and tax) to the tune of Rs. 3,382million,…
Karachi, July 01, 2020: The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetric increase in financing and instruments….
Karachi, June 24, 2020: BankIslami announced the opening of its new branch in Sanjavi Balochistan. To commemorate the new location, higher officials from Balochistan and Burhan Hafeez, General Manager – South, BankIslami joined, at the grand opening celebration and ribbon-cutting ceremony to officially open the branch. “We’re excited to expand our presence in Balochistan and…
Karachi, May 15, 2020: Pakistan Stock Exchange announced the listing of BankIslami Pakistan Limited (BankIslami) Ehad Sukuk Certificates with effect from May 14, 2020 whereas trading in the same has commencedfrom today, May 15, 2020. The President & CEO of BankIslami, Syed Amir Ali, commenced the listing of the Sukuk issue by striking the PSX…
IPO oversubscribed by 1.07x with more than 80% of the applicants subscribed through E-IPO. Karachi, April 28, 2020: The Initial Public Offering (IPO) of BankIslami Ehad Sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against the IPO…