BankIslami is engaging clerics from various religious backgrounds to foster understanding and trust in the benefits of joining the Islamic banking network
BankIslami, one of the leading Islamic financial institutions in Pakistan, has launched a pivotal initiative, making its Islamic banking services accessible to people from diverse backgrounds and faiths. This move reflects BankIslami’s mission to promote ethical and inclusive banking across Pakistan, aligning with the principles of Shariah compliance, while upholding social responsibility and transparency.
Islamic finance prohibits interest (Riba), a practice seen as unjust in many religions. This is why Islamic banking resonates with people of all faiths, fostering inclusivity by offering fair and transparent financial alternatives. The global Islamic finance industry, valued at over $3 trillion, continues to grow, reflecting the rising demand for ethical and Shariah-compliant financial solutions.
Amid growing interest in alternative banking models, BankIslami aims to raise awareness about the benefits of Islamic and ethical banking, encouraging wider participation in the country’s financial system. The State Bank of Pakistan has chalked out a plan to convert all commercial banks to the Islamic banking system by 2027, reinforcing the country's commitment to a fully Shariah-compliant financial sector.