BankIslami Records PKR 5.49 Billion Profit, Unveils First Islamic Digital Banking Service

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Karachi: BankIslami, a major player in the country’s Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increase in total income, alongside a remarkable 98% surge in non-fund-based income compared to the same period last year.

The bank’s deposits saw a significant 16% year-on-year growth, primarily fueled by substantial increases in Current Accounts (24.1%) and Savings Accounts (26.6%). BankIslami ended the quarter with a Capital Adequacy Ratio (CAR) of 22.89%, nearly double the regulatory requirement of 11.50%. The bank maintained a healthy Asset-to-Deposit Ratio (ADR) above 50%, while improving its infection ratio to 7.2% from 7.4% in December 2024.

Marking a key development in Islamic finance, BankIslami launched ‘aik’, the first fully digital Islamic banking service in Pakistan. Targeted at digitally savvy and Shariah-conscious customers, ‘aik’ offers a comprehensive mobile-first banking experience, furthering the bank’s mission of innovation with purpose.

Rizwan Ata, President and CEO of BankIslami, remarked on the bank’s performance, emphasizing its commitment to broadening access to Shariah-compliant financial services. “Our strategy is simple—grow responsibly, provide best-in-class services to our customers, and stay true to our mission of saving Humanity from Riba,” Ata stated.

Central to BankIslami’s achievements is its dedication to its founding mission of eliminating Riba from the financial system. This purpose-driven approach sets the bank apart in a market increasingly focused on values.

With a national network of over 540 branches, BankIslami continues to invest in strategic growth areas, including digital banking and various financial services. As a leader in Pakistan’s Islamic banking sector, the bank remains dedicated to delivering ethical, customer-centric financial solutions across its expanding reach.