Naya Nazimabad, Karachi: Bank Alfalah introduces first one-stop digital ICFC

KARACHI: Bank Alfalah has inaugurated Pakistan’s first Digital Islamic Consumer Finance Centre (ICFC) at Naya Nazimabad, Karachi.

The inauguration ceremony was attended by the Bank’s senior management, along with Saleem Ullah, Deputy Governor of State Bank and Arif Habib, Founder Arif Habib Group, marking a significant milestone in expanding access to integrated Shariah-compliant financial services.

The new centre introduces a first-of-its-kind banking model in Pakistan by integrating digital consumer financing, an Islamic banking branch and a self-service digital banking lobby within a single destination.

People can select products, receive specialist advice by a qualified merchant, apply for financing digitally without paperwork and complete their banking needs instantly through one seamless experience.

Furthermore, partnerships with leading property developers, solar providers, automotive companies, and consumer brands allow customers to compare products and receive expert guidance.

Atif Bajwa, President and Chief Executive Officer, Bank Alfalah has said that this centre represents the future of consumer banking in Pakistan. Customers no longer need to visit multiple locations or complete lengthy paperwork to finance life’s important purchases. “By combining product discovery, expert advisory services, digital financing and Islamic banking under one roof, we are redefining how customers experience banking while expanding access to Shariah-compliant financial solutions,” he added.

The inauguration also marks another important milestone for Bank Alfalah as it surpasses 1,200 branches nationwide. The new facility is the Bank’s 451st Islamic Banking branch.

Copyright Business Recorder, 2026