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AlHuda CIBE and ASASAH sign MoU to flourish Islamic Microfinance Products
AlHuda CIBE (Centre of Islamic Banking and Economics) signs MoU with ASASAH to render its services for Islamic Microfinance Product Development that is a step forward for the poverty reduction in Pakistan rightly in line with the Islamic regulations. Under this prestigious agreement, Alhuda CIBE will operate manuals....
 
Zubair Mughal, CEO AlHuda CIBE & Tabinda Jafrey, CEO ASASAH are Signing MOU for IMPD
 
 
 
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BankIslami crosses 100,000 customer base
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BankIslami Pakistan Limited, announced that its customer base has crossed 100,000 mark. The Bank registered spectacular increase of 110% in the first 10 months of the year by establishing 52,500 relationships. This growth has helped BankIslami to register almost 100% growth in deposits as against 8% for the industry. In the last three years BankIslami has recorded consistent growth ir-respespective of market conditions. Earlier, it created history by opening more than 100 branches in less than three years. It is one of the three Banks in Pakistan where the rating has been up graded in 2009. The Bank is all set to break even in the fourth quarter this year.

Speaking in the occasion , Ayesha Ashraf Jangda , a spokeswoman of the Bank thanked the customers for their confidence and trust. At the same time it clearly shows the immense potential Islamic banking has within the country

 
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