BankIslami Pakistan appoints chairman, CEO

BankIslami Pakistan Limited, the country’s leading Islamic financial institution, has appointed Shahid Hussain Jatoi as Chairman of its Board of Directors for a three-year term, effective August 10, 2026.

The bank disclosed the development in a notice to the Pakistan Stock Exchange (PSX)

“We wish to inform you that the newly elected Board of Directors of the bank, at its first meeting held on August 10, 2026, appointed Shahid Hussain Jatoi as Chairman of the Board, effective August 10, 2026, for a term of three years,” read the notice.

Rizwan Ata takes charge of BankIslami as its new President & CEO

Meanwhile, the Board decided that Rizwan Ata will continue to serve as the bank’s President and chief executive officer (CEO) until the completion of his current three-year term on September 28, 2026.

“The Board recognised and appreciated the efforts of Rizwan Ata,” BankIslami said in a separate notice.

The bank further announced the appointment of Imran Haleem Shaikh, currently serving as deputy CEO, as the incoming President and CEO for a three-year term effective September 29, 2026.

“The appointment of Imran Haleem Shaikh is subject to the requisite regulatory clearance from the State Bank of Pakistan (SBP),” it added.

BankIslami Pakistan Limited was incorporated in Pakistan as a public limited company in 2004, founded by Jahangir Siddiqui & Company Limited and the Randaree family.

 Dubai Bank later joined as a founding shareholder in 2005.

The bank was granted a license as a “Scheduled Islamic Commercial Bank” in 2005 under the Islamic banking policy of 2003 from the SBP, and it officially began operations on April 7, 2006.