Tag: Islamic Banking

BankIslami forms a strategic alliance with US cyber security firm Resecurity to deploy AI driven digital risk monitoring and real time threat intelligence solutions.

Total inflows into Pakistan Roshan Digital Accounts exceed 13.059 billion dollars with strong year on year growth from non resident Pakistani investors.

The central bank reveals stable foreign exchange contributions through the RDA initiative despite minor monthly fluctuations in remittance velocity.

Bank of Khyber launches Pakistan first fully digital Tijarah based Supplier Finance Program in collaboration with Nimir Group and Fauree to modernize supply chain financing.

Habib Bank Limited partners with Temenos and Systems Limited to migrate millions of accounts to a hybrid-cloud core banking platform for enhanced agility and scale.

PayPak signs strategic agreement with Meezan Bank to launch exclusive spend campaigns across Meezan Bank POS and eCommerce merchant network in Pakistan.

Meezan Bank reports a record monthly card spend of 45 billion rupees reflecting a massive shift toward digital transactions and cashless payments in Pakistan.

Meezan Bank accelerates Pakistan digital payments by onboarding 50000 merchants and integrating Raast to drive financial inclusion and a documented economy.

Pakistan’s Roshan Digital Account (RDA) initiative recorded $205 million in gross inflows in October 2025, signaling sustained investor confidence from overseas Pakistanis and continued growth in digital banking and investment channels.

MCB Islamic Bank has partnered with Visa to launch seven tailored Shari’ah-compliant Visa Debit Cards, providing customers with enhanced convenience, global acceptance, and advanced digital payment solutions.

Meezan Bank has renewed and expanded its strategic partnership with Visa to enhance its Shariah-compliant debit card portfolio and introduce premium lifestyle-focused digital payment products, strengthening customer experience and reinforcing its leadership in Pakistan’s digital Islamic banking sector.

Mashreq NEOBIZ is redefining business banking in Pakistan with a digital-first, paperless platform designed specifically for SMEs and entrepreneurs. Focused on accessibility, inclusion, and innovation, NEOBIZ aims to empower Pakistan’s 5.2 million small businesses by offering smarter, faster, and more relevant banking solutions.