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Business & Finance Print edition: 2026-06-20

BankIslami launches currency exchange subsidiary

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KARACHI: BankIslami has launched BIPL Exchange Company Private Limited, its wholly-owned currency exchange subsidiary.

This launch marks a significant step forward in the bank’s strategic expansion plans, further strengthening the Riba-free financial ecosystem for its customers across Pakistan.

BIPL Exchange, an independent subsidiary of BankIslami, commenced operations with the inauguration of its first branch by Jahangir Siddiqui, founder of JS Group.

The ceremony was attended by leadership from BankIslami and JS Group, including Group President Suleman Lalani, CEO of JSCL Asad Nasir, Dy Chief Executive Officer of BankIslami Imran H Shaikh, CEO of BIPL Exchange Muhammad Yaqoob Sheikhji, alongside other senior management members.

Copyright Business Recorder, 2026

BankIslami JS Group Jahangir Siddiqui JSCL Suleman Lalani Imran H Shaikh BIPL Exchange

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