UBL Launches NRP Banking for Overseas Pakistanis

Mr. Wajahat Husain, President & CEO, United Bank Ltd along with

Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new

innovative product – NRP Banking for non-residenace Pakistani in Karachi yesterday.

Read the rest

West Africa an Emerging Market of Islamic Finance: Zubair Mughal

 

There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries. It was spoken by Muhammad Zubair Mughal, Chief Executive Officer AlHuda Centre of Islamic Banking and Economics (CIBE) while attending an international seminar on Takaful that was held at Dakar Senegal.

Read the rest

Standard Chartered receives Islamic Finance News “Deal of the Year Award” for Pakistan

Islamic Finance News recognised Standard Chartered Saadiq for the Best Deal of the Year Award for successfully closing the US dollar dominated Government of Pakistan (“GOP”) International Sukuk.

The Bank was competing with some of the largest players in the Banking Industry and has won this award on the basis of its competence and commitment to the clients.

Read the rest

Lifting of Moratorium on KASB Bank Limited

According to press release issued by State Bank of Pakistan, Federal Government has approved amalgamation of KASB Bank Limited with BankIslami Pakistan Limited. Hence the moratorium placed on former KASB Bank Limited has been lifted while depositors of the former KASB Bank Limited can now freely operate their accounts maintained at the respective branches with BankIslami Pakistan Limited.

Read the rest