Petitions Challenging KASB-BankIslami merger dismissed by Honourable Supreme Court

Karachi, September 10, 2018 (PPI-OT): The Honourable Supreme Court has dismissed the petitions of members/shareholders of defunct KASB Bank Ltd. challenging the amalgamation of defunct KASB into BankIslami. The defunct KASB Bank Ltd. was merged by the State Bank of Pakistan with and into BankIslami on 7th May, 2015, with the approval of Ministry of Finance, Government of Pakistan.
This merger was challenged by the spRead More…

BankIslami partners with DHA Multan to offer house financing solutions

Karachi, August 29, 2018 (PPI-OT): BankIslami Pakistan Ltd, one of the leading Islamic banks of Pakistan, has joined hands with the Defence Housing Authority (DHA) Multan to offer Shariah compliant financing solutions to the registered allottees of DHA Multan Villas which is a new housing scheme launched recently. The objective of the partnership is to support and promote Pakistan’s housing sector that has great poRead More…

BankIslami celebrates Independence Day by ‘Plantation for the Nation’

Karachi, August 13, 2018 (PPI-OT): As Pakistan celebrates its 71 years of independence, BankIslami Pakistan Ltd, one of the leaders of Islamic Banking in Pakistan, has given a meaningful spin to the Independence Day celebrations through its ‘Plantation for the Nation’ campaign where Bank’s staff came out of offices and planted trees on a greenbelt situated at University Road, Karachi. BankIslami also endowed 27Read More…

BankIslami earns profit of PKR 608.5 Million

Karachi: BankIslami Pakistan Limited delivered strong results by posting profit before tax of Rs 608.5 million for the year 2011 as against Rs.44.50 million in 2010. The Bank also recorded an increase of 32.4% in Deposits which crossed Rs. 50 billion. Asset base was noted at Rs. 58.8 billion denoting an increase of 30.6%. In the last three years the Bank has grown by more than 300% making it one of the fastest growinRead More…