KARACHI, September 3, 2026: BankIslami has launched Pakistan’s first Shariah-compliant Gold-Based Financing facility, allowing customers to obtain financing against their gold assets without interest. The new facility enables customers to access financing of up to PKR 5 million, with flexible repayment tenures of up to four years. The initiative is …
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KARACHI, Aug. 5: The fourth National Islamic Economic Forum, organized by Saylani Welfare International Trust and the Saylani School of Business and Islamic Leadership, called for the complete transition of Pakistan’s commercial banking sector to Islamic banking by December 31, 2027. The conference adopted a unanimous resolution urging all commercial …
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Karachi, February 9: Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest financial institutions, has entered into an agreement with Freedom Bank Kazakhstan to establish a PKR Vostro Account, marking a significant step in strengthening correspondent banking ties between Pakistan and Kazakhstan. The signing ceremony took place …
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