Latest news with #EuromoneyIslamicFinanceAwards2025
Daily Tribune
2 days ago
- Business
- Daily Tribune
BisB named Bahrain's Best Islamic Digital Bank at Euromoney Islamic Finance Awards 2025
Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has been recognised as Bahrain's Best Islamic Digital Bank at the prestigious Euromoney Islamic Finance Awards 2025. The award acknowledges BisB's leadership in delivering Sharia'a compliant digital banking services that are secure, accessible, and tailored to the dynamic needs of customers across Bahrain and the GCC. Ms. Fatema AlAlawi, Chief Executive Officer of BisB, stated, 'This award is a representation of our continued efforts to build a modern Islamic bank that harnesses technology to deliver financial solutions grounded in Sharia'a principles. Forus, Digital transformation is a responsibility to improve financial access, enhance security, and empower customers to take control of their finances with confidence. We are proud to be among the leaders shaping the future of Islamic banking in Bahrain and beyond through services that are innovative, inclusive, and aligned with the values of our community.' Aligned with its innovation-driven approach, BisB has strengthened its digital ecosystem with new capabilities designed to deliver seamless customer onboarding and enhanced product accessibility via the BisB Mobile App. These include GCC onboarding for regional clients, the ability to create Special Investment Deposits, and the launch of the Tejoori Premium Investment Deposit Account. Customers can also open Call Accounts digitally, offering flexible financial management options in line with Islamic principles. BisB has also enhanced the functionality of its digital services to provide customers with greater control and convenience. These include a redesigned rewards dashboard offering transparent tracking of earned benefits, a Sharia'a compliant card with instalment plans for flexible spending, and an instant digital personal finance against Tejoori balances. Strengthening its role in Bahrain's digital ecosystem, BisB has advanced its Open Banking capabilities through strategic partnerships, enabling customers to manage open banking consents securely and seamlessly. The E-Banking Host-to-Host solution streamlines salary processing and payment management for corporate clients, while the revamped PayPal service facilitates smooth linking and withdrawals, supported by BisB's robust Anti-Money Laundering (AML) and identity verification protocols. Security and compliance remain central to BisB's digital strategy. The Bank has implemented advanced cybersecurity and fraud prevention measures, including an upgraded Identity & Verification platform, the deployment of an AI-powered Fraud Risk Management solution, and real-time threat detection through layered security controls.
Business Recorder
03-06-2025
- Business
- Business Recorder
Euromoney Islamic Finance Awards: BankIslami named Best Islamic Bank in Pakistan
KARACHI: BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, a leading global benchmark for excellence in financial services. The award highlights BankIslami's commitment to its mission of Saving Humanity from Riba (interest) and its leadership in Pakistan's fast-growing Islamic finance sector. The Euromoney Islamic Finance Awards, now in their 16th year, recognize institutions that excel in innovation, integrity, and impact within Islamic banking worldwide. BankIslami's recognition came for its customer-first approach, innovative financial solutions, and focus on ethical, Shariah-compliant banking practices amid a global surge in demand for interest-free financial services. 'This recognition goes beyond financial performance—it reflects the trust our customers place in us and our dedication to delivering Shariah-compliant services that meet the needs of Pakistanis,' said Rizwan Ata, President and Chief Executive Officer of BankIslami. 'We're honoured by this global acknowledgment and see it as a call to do more for Pakistan', he added. Since its inception, the bank has played a pioneering role in developing Pakistan's Islamic finance landscape, from deploying biometric ATMs to being among the first to launch Islamic digital banking solutions. With a network of over 500 branches in 210+ cities, BankIslami has expanded its reach through targeted Shariah-compliant financial products tailored to both individual and business needs, including Hajj savings plans and SME financing. 'At BankIslami, we believe innovation guided by purpose creates lasting impact. This recognition belongs to our customers, who are at the heart of everything we do and have stood by us every step of the way. We are deeply grateful for their continued support and the shared journey that has brought us to this milestone,' said Imran Shaikh, Dy. Chief Executive Officer of BankIslami. BankIslami remains committed to advancing its mission by rolling out new Shariah-compliant financial tools, expanding its reach to more Pakistani households through technology-driven solutions, partnerships with community-based organizations, and promoting financial literacy for inclusive, ethical banking. Copyright Business Recorder, 2025
