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BankIslami Pakistan

Made Today

بنك إسلامي باكستان

A Pakistani Islamic bank in Karachi operating as a Shariah-compliant institution, which began operating on 7 April 2006 under a State Bank of Pakistan licence and has more than 550 branches; it became part of JS Group in 2023.

Depth

At a glance

Region
South Asia
Identifiers
Wikidata

Trade and financeThe halal economy

In the Modern Islam Browser

Modern Islam BrowserEnterprise, brands and finance2006Pakistan

Footprint

On Wikipedia in:arenfapnbur (read on 2026-11-06)

Wikidata:Q4855882

Summary

BankIslami Pakistan is a Shariah-compliant Islamic bank in Karachi; in 2025 it had more than 550 branches, and the State Bank of Pakistan's 2024 report listed it among the top three Islamic banks by assets and deposits. 1

Founding and acquisitions

It was incorporated in 2005 and began operating on 7 April 2006 under an Islamic banking licence of the 2003 policy. 1 In May 2015 it acquired KASB Bank after the State Bank intervened to protect depositors, and in August 2023 JS Bank raised its holding to 75.12%, making it part of JS Group. 1

Sharia oversight

An independent Shariah Supervisory Board oversees it, and in 2025 it launched the Aik digital banking platform. 1

References

  • English Wikipedia, "BankIslami", revision 1383347462. 1

People and things also explored

Islamic banks and conventional banks — the difference, the doubts and the performance· Abu Dhabi Islamic Bank· Alrajhi Bank· Alinma Bank· Bank Albilad· Dubai Islamic Bank· Dukhan Bank· Emirates Islamic

Sources

  1. BankIslami — English Wikipedia
  • Wikidata
Cite this page

islam.museum contributors. “BankIslami Pakistan”. islam.museum, https://islam.museum/en/listing/bankislami/. CC BY-SA 4.0. Last updated 2026-11-07.

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Islamic banks and conventional banks — the difference, the doubts and the performance

The two 'Al-Wasatiyya' episodes on Islamic banks. In the first, 56% of the studio audience said they could not define riba, 79% that they knew nothing of the murabaha, mudaraba, tawarruq and salam contracts, and they split into thirds on whether Islamic banks are free of doubt; in the second, 65% chose to buy by murabaha from an Islamic bank, 57% thought abolishing riba impossible while the world economy runs on interest, and 49% judged Islamic banks' social role weaker. The guests agreed that conventional bank interest is riba and differed over the existing Islamic banks.