KARACHI: BankIslami, a prominent name in Pakistan’s Islamic banking landscape, has posted a robust Profit Before Tax (PBT) of Rs5.49 billion for the first quarter ended March 31, 2025.
This impressive performance reflects the Bank’s solid start to the year, underpinned by strategic diversification and a strong focus on innovation.
According to its latest financial disclosure, BankIslami recorded a 6.3% growth in total income along with a remarkable 98% surge in non-fund-based income. These gains underline the Bank’s successful efforts to broaden its income streams beyond traditional avenues, contributing to sustainable profitability.
Deposits saw a healthy 16% increase during the quarter, primarily fueled by substantial growth in Current Accounts (24.1%) and Savings Accounts (26.6%). BankIslami also maintained a strong Capital Adequacy Ratio (CAR) of 22.89%, nearly double the regulatory minimum of 11.5%. This highlights the Bank’s prudent capital management and its commitment to financial resilience.
One of the quarter’s standout developments was the launch of ‘aik’ — Pakistan’s first fully digital Islamic banking experience. Developed by BankIslami to cater to tech-savvy and Shariah-conscious consumers, ‘aik’ delivers a seamless, mobile-first banking journey, reinforcing the Bank’s pioneering role in advancing Islamic financial technology.
Rizwan Ata, President and CEO of BankIslami, emphasized the institution’s dedication to its foundational mission: “Our strategy centers on responsible growth and expanding access to Shariah-compliant financial services. We are committed to saving humanity from Riba by delivering ethical, innovative, and customer-centric banking solutions.”
Currently operating over 540 branches nationwide, BankIslami continues to expand across various financial services, including home remittance, trade and investment banking, cash management, and now digital banking. Its consistent focus on purpose-driven banking, guided by Islamic principles, continues to set BankIslami apart in a competitive and evolving financial market.
With its forward-looking strategies and unwavering ethical foundation, BankIslami is well-positioned to remain a leader in Pakistan’s Islamic finance sector, fostering both innovation and trust in the years ahead.