BankIslami Ehad Sukuk Oversubscribed By 1.07x With More Than 80% Of The Applicants Subscribed Through E-IPO

Alhamdulillah, the Initial Public Offering of BankIslami Ehad Sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against the IPO size of PKR 300 million through 127 applications, ensued into an oversubscription of ~1.07 times. It is pertinent […]

JS Bank and Clients Deploy 110 Million Fund for Immediate COVID-19 Response

Responding to the unprecedented challenges faced by the nation by the Coronavirus (COVID-19), JS Bank has established a 110 Million Rs fund in association with key partners to help address the impact of the pandemic during the month of April. Based on a pledge matching initiative wherein JS Bank equally matched all support pledges made […]

JS Bank Fights Corona: Offers Urgent Financing to Hospitals to Curb Corona Pandemic

JS Bank Fights Corona: Offers Urgent Financing to Hospitals to Curb Corona Pandemic. Playing its role in facilitating the nation and its institutions to fight the Coronavirus pandemic, JS Bank, has introduced financing of upto Rs. 200 million to hospitals and medical centers, for the purchase of equipment to detect, contain and treat patients infected […]

U Microfinance Bank Wins Grant from Karandaaz for Financial Inclusion of Women

U Microfinance Bank Ltd. signed a grant agreement with Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation. The grant will help U Bank further its mission of financially including more women. U Bank won the grant through a competitive application process via Karandaaz’s Digital Experiments program. While uptake for digital financial services (DFS) […]

BankIslami Partners with IMC to Ease Vehicle Financing for Customers

BankIslami Pakistan Limited and Indus Motor Company (IMC) sign an MoU for enabling smooth auto financing for their Residual Value Customers. BankIslami Pakistan Limited, one of the leading Islamic banks of Pakistan with a network of more than 330 branches in over 114 cities, signed an agreement with Indus Motor Company Limited (IMC), the exclusive […]

You Can Earn Profit in Dollars With Pakistan Banao Certificate Scheme: Here’s How to Apply?

Everything about the Pakistan Banao Certificate Scheme, details, how to apply, profit rate, and who is eligible? Prime Minister Imran Khan inaugurated the Pakistan-Banao Certificate Scheme which will attract the overseas Pakistanis to invest in the economy of the country and also to earn profit under the scheme in dollars. Prime Minister Imran Khan inaugurates […]

SimSim Aims A Holistic Approach to Digitize Payment Modes

SimSim Aims A Holistic Approach to Digitize Payment Modes . SimSim, Pakistan’s first leading free mobile wallet, is revolutionizing digital commerce growth in Pakistan. SimSimis adding two new services for its valuable users, the ‘Door-Step’cash-in service and a collaboration with TCS (courier service), introducing SimSim as a payment method for cash on delivery (COD). As […]