Seminar on Islamic banking: ‘95pc of revenue is consumed in paying off domestic loans’ LAHORE: The speakers at an Islamic banking awareness seminar highlighted that around 95 percent of national revenue... Published 23 May, 2025 06:12am
Print Pakistan economy moving in the right direction: SBP governor KARACHI: Governor of the State Bank of Pakistan, Jameel Ahmad Tuesday said after facing significant economic... Updated 21 May, 2025 08:45am
Business & Finance ‘Global Islamic finance assets to surpass $7.5trn by 2028’ Standard Chartered on Tuesday released a report ‘Islamic Banking for Financial Institutions: Unlocking Growth Amidst... Published 20 May, 2025 05:59pm
Business & Finance Malaysian banking team visits Meezan Bank KARACHI: For the first time in Pakistan’s history, a senior Malaysian banking delegation visited Meezan Bank in a... Published 24 Apr, 2025 04:11am
Business & Finance Meezan Bank profit down 12% to Rs22.42bn in 1QCY25 Meezan Bank (MEBL), the country’s largest Islamic bank, posted consolidated profit after tax (PAT) of Rs22.42... Published 21 Apr, 2025 04:07pm
Business & Finance Samba Bank to convert operations into Islamic banking KARACHI: Samba Bank Limited has officially announced its decision to convert its operations from conventional ... Published 14 Mar, 2025 05:34am
Business & Finance KP CM launches Islamic banking at Bank of Khyber PESHAWAR: KP Chief Minister Ali Amin Khan Gandapur launched Islamic banking at the Bank of Khyber to fully convert... Published 21 Feb, 2025 06:49am
Markets Bank of Khyber begins transition to Islamic banking Bank of Khyber (BoK) has formally initiated its transition into a full-fledged Islamic bank, the bank shared the... Published 20 Feb, 2025 11:11am
Business & Finance Islamic banking: MBL and TKBB ink MoU on cross-border cooperation KARACHI: In a significant step towards fostering international collaboration in Islamic finance, Meezan Bank and the... Published 20 Feb, 2025 07:33am
Business & Finance Gandapur inaugurates BoK’s transition to Shariah-compliant Islamic banking PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur announced BoK’s transition to Islamic banking,... Published 20 Feb, 2025 07:23am
Business & Finance LCCI organizes seminar on Islamic banking LAHORE: The Lahore Chamber of Commerce and Industry, in collaboration with Faysal Bank, organized a seminar on... Published 05 Feb, 2025 07:44am
Opinion ‘40pc of world’s Shariah-compliant financial experts hail from Pakistan’ This is apropos a Business Recorder news item ‘40pc of world’s Shariah-compliant financial experts hail from... Published 13 Dec, 2024 07:57am
Markets Aurangzeb says Pakistan economy’s issues have been addressed In address at Islamic capital markets conference, finance minister says country committed towards raising infrastructure finance through Shariah-compliant bonds Updated 12 Dec, 2024 10:35pm
Business & Finance LCCI, SBP organise seminar on fundamentals of Islamic banking LAHORE: The Lahore Chamber of Commerce & Industry and State Bank of Pakistan jointly organised an informative... Published 12 Dec, 2024 06:01am
Opinion Islamic banking and finance in Pakistan: challenges and roadmap “Allah has permitted trade and forbidden usury”. Al Baqarah. The creation of Pakistan was indeed based on the... Updated 06 Dec, 2024 08:31am
Business & Finance PKR saving deposits: IBIs required to pay profit equivalent to 75pc of WAGY of all pools KARACHI: In a significant move aimed at boosting returns for savers, the State Bank of Pakistan (SBP) has asked the... Published 27 Nov, 2024 06:44am
Business & Finance SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines In a major development for the banking sector, the State Bank of Pakistan (SBP) on Tuesday announced that the... Updated 26 Nov, 2024 10:53pm
Business & Finance SBP holds ‘Islamic Banking’ seminar at HCSTSI Secretariat HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon... Published 15 Nov, 2024 07:24am
Print Islamic banking operations: Senate body to call CII scholars ISLAMABAD: Senate Standing Committee on Finance and Revenue Wednesday decided to call scholars of Council of Islamic... Updated 14 Nov, 2024 09:04am
Print IBIs: SBP adopts two AAOIFI Shariah standards KARACHI: With a view to further strengthening Shariah compliance framework and harmonize the Shariah practices in... Updated 30 Oct, 2024 09:06am
Business & Finance SCB hosts Global Shari’ah Majlis KARACHI: The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on... Published 24 Oct, 2024 06:49am
BR Research HBL marches on steadily Pakistan’s largest commercial bank, HBL delivered another strong quarter, registering record 9M profits. Pretax... Published 22 Oct, 2024 06:45am
Opinion True riba-free Islamic banking The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities... Updated 11 Oct, 2024 08:20am
Business & Finance Conventional to Islamic mode: SBP sets new bank branch conversion criteria KARACHI: With a view to further facilitate banks in conversion of their branches, the State Bank of Pakistan (SBP)... Updated 03 Oct, 2024 09:06am
Print SBP working on Sukuk alternate structure: governor ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that the SBP is working on an... Updated 26 Sep, 2024 08:46am
Print Higher returns thru Islamic banking perturb Senate panel? ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain... Updated 26 Sep, 2024 09:03am
Business & Finance Mashreq Pakistan forms Shariah Board KARACHI: Mashreq Pakistan has announced the formation of the Shariah Board for its operations in Pakistan. Dr Ahcene... Updated 13 Sep, 2024 07:48am
Print ‘Fleecing by Islamic banks’: Senate panel seeks detailed briefing from SBP ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, directed the State Bank of Pakistan (SBP) to provide... Updated 29 Aug, 2024 08:56am
Print Global moot highlights opportunities for growth, innovation in Islamic banking KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted... Updated 21 Aug, 2024 08:51am
Print Investment in IT and agri sectors: Govt wants to reengage with Mashreq Bank: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday expressed government’s interest to reengage with Mashreq... Updated 20 Aug, 2024 09:30am