Latest news with #RizwanAta
Business Recorder
17-07-2025
- Business
- Business Recorder
Industry bigwigs gather: BankIslami and ZLK host session on Islamic finance
ISLAMABAD: In a joint effort to promote Riba-free banking in Pakistan, BankIslami and ZLK Islamic Financial Services, Pakistan's first Shariah-compliant brokerage firm, hosted a high-impact session on Islamic finance for a diverse group of industry leaders and advocates of ethical banking. Titled 'Leading with Purpose,' the event focused on meaningful conversations around Islamic finance and aimed to help individuals make informed, faith-aligned financial decisions. Held at a local hotel in Islamabad, the session was attended by valued partners and corporate leaders from the business community, along with notable organizations, including Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Islamabad Chamber of Commerce & Industry (ICCI), Rawalpindi Chamber of Commerce & Industry (RCCI), as well as representatives from civil society, the armed forces, government, financial institutions, and religious scholars. Dr. Mufti Irshad Ahmad Aijaz, former Chairman of the Shariah Advisory Committee of the State Bank of Pakistan and current Chairman of the Shariah Advisory Committee of SECP and Chairperson of the Shariah Board of BankIslami, delivered the keynote address, highlighting the growing global relevance of Islamic finance. He addressed common misconceptions and emphasized the ethical and socially responsible nature of Islamic finance. 'As leaders in Islamic finance in Pakistan, we are committed to fostering meaningful dialogue on Riba-free banking and raising awareness to drive this crucial cause forward,' commented Rizwan Ata, President & CEO of BankIslami. 'We are honored to join hands with ZLK Islamic Financial Services to strengthen the position of Islamic banking and collectively work towards realizing our vision of a Riba-free economy,' he added. Zahid Latif Khan, Chairman of ZLK Islamic Financial Services, commented, 'This partnership with BankIslami is rooted in a shared vision to broaden understanding and trust in Shariah-compliant investments. Together, we are laying the foundation for a principled financial ecosystem that serves all segments of society and aligns with the ethical aspirations of our people, regulators, and national direction toward a fully Islamic financial system.' This session marked a significant step forward in reinforcing the role of Islamic finance in Pakistan's evolving financial landscape. As the country progresses toward a fully Shariah-compliant system, BankIslami and ZLK Islamic Financial Services remain committed to leading with purpose, engaging stakeholders, and shaping a future centered on ethical, inclusive, and faith-aligned financial solutions. Copyright Business Recorder, 2025
Business Recorder
17-07-2025
- Business
- Business Recorder
Industry bigwigs gather: BIPL and ZLK host session on Islamic finance
ISLAMABAD: In a joint effort to promote Riba-free banking in Pakistan, BankIslami and ZLK Islamic Financial Services, Pakistan's first Shariah-compliant brokerage firm, hosted a high-impact session on Islamic finance for a diverse group of industry leaders and advocates of ethical banking. Titled 'Leading with Purpose,' the event focused on meaningful conversations around Islamic finance and aimed to help individuals make informed, faith-aligned financial decisions. Held at a local hotel in Islamabad, the session was attended by valued partners and corporate leaders from the business community, along with notable organizations, including Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Islamabad Chamber of Commerce & Industry (ICCI), Rawalpindi Chamber of Commerce & Industry (RCCI), as well as representatives from civil society, the armed forces, government, financial institutions, and religious scholars. Dr. Mufti Irshad Ahmad Aijaz, former Chairman of the Shariah Advisory Committee of the State Bank of Pakistan and current Chairman of the Shariah Advisory Committee of SECP and Chairperson of the Shariah Board of BankIslami, delivered the keynote address, highlighting the growing global relevance of Islamic finance. He addressed common misconceptions and emphasized the ethical and socially responsible nature of Islamic finance. 'As leaders in Islamic finance in Pakistan, we are committed to fostering meaningful dialogue on Riba-free banking and raising awareness to drive this crucial cause forward,' commented Rizwan Ata, President & CEO of BankIslami. 'We are honored to join hands with ZLK Islamic Financial Services to strengthen the position of Islamic banking and collectively work towards realizing our vision of a Riba-free economy,' he added. Zahid Latif Khan, Chairman of ZLK Islamic Financial Services, commented, 'This partnership with BankIslami is rooted in a shared vision to broaden understanding and trust in Shariah-compliant investments. Together, we are laying the foundation for a principled financial ecosystem that serves all segments of society and aligns with the ethical aspirations of our people, regulators, and national direction toward a fully Islamic financial system.' This session marked a significant step forward in reinforcing the role of Islamic finance in Pakistan's evolving financial landscape. As the country progresses toward a fully Shariah-compliant system, BankIslami and ZLK Islamic Financial Services remain committed to leading with purpose, engaging stakeholders, and shaping a future centered on ethical, inclusive, and faith-aligned financial solutions. Copyright Business Recorder, 2025
Business Recorder
16-07-2025
- Business
- Business Recorder
Industry bigwigs gather: BIP and ZLK host session on Islamic finance
ISLAMABAD: In a joint effort to promote Riba-free banking in Pakistan, BankIslami and ZLK Islamic Financial Services, Pakistan's first Shariah-compliant brokerage firm, hosted a high-impact session on Islamic finance for a diverse group of industry leaders and advocates of ethical banking. Titled 'Leading with Purpose,' the event focused on meaningful conversations around Islamic finance and aimed to help individuals make informed, faith-aligned financial decisions. Held at a local hotel in Islamabad, the session was attended by valued partners and corporate leaders from the business community, along with notable organizations, including Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Islamabad Chamber of Commerce & Industry (ICCI), Rawalpindi Chamber of Commerce & Industry (RCCI), as well as representatives from civil society, the armed forces, government, financial institutions, and religious scholars. Dr. Mufti Irshad Ahmad Aijaz, former Chairman of the Shariah Advisory Committee of the State Bank of Pakistan and current Chairman of the Shariah Advisory Committee of SECP and Chairperson of the Shariah Board of BankIslami, delivered the keynote address, highlighting the growing global relevance of Islamic finance. He addressed common misconceptions and emphasized the ethical and socially responsible nature of Islamic finance. 'As leaders in Islamic finance in Pakistan, we are committed to fostering meaningful dialogue on Riba-free banking and raising awareness to drive this crucial cause forward,' commented Rizwan Ata, President & CEO of BankIslami. 'We are honored to join hands with ZLK Islamic Financial Services to strengthen the position of Islamic banking and collectively work towards realizing our vision of a Riba-free economy,' he added. Zahid Latif Khan, Chairman of ZLK Islamic Financial Services, commented, 'This partnership with BankIslami is rooted in a shared vision to broaden understanding and trust in Shariah-compliant investments. Together, we are laying the foundation for a principled financial ecosystem that serves all segments of society and aligns with the ethical aspirations of our people, regulators, and national direction toward a fully Islamic financial system.' This session marked a significant step forward in reinforcing the role of Islamic finance in Pakistan's evolving financial landscape. As the country progresses toward a fully Shariah-compliant system, BankIslami and ZLK Islamic Financial Services remain committed to leading with purpose, engaging stakeholders, and shaping a future centered on ethical, inclusive, and faith-aligned financial solutions. Copyright Business Recorder, 2025
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
