Bank Islami Pakistan Limited

BankIslami Pakistan Limited is a commercial bank that provides Shariah‑compliant financial products and services to customers in Pakistan. Its offerings include retail banking accounts, financing solutions, corporate and SME banking, treasury and investment services, and remittance facilities. The bank serves individual consumers, small and medium enterprises, large corporations, and institutional clients across the country. It operates through a network of branches and ATMs that enable access to its Islamic banking suite. All products are structured to comply with the principles of Islamic law as overseen by the bank’s internal Shariah board.

Bank Islami Pakistan Limited distinguishes itself as one of the pioneering Islamic banks established in the country, operating under the regulatory guidance of the State Bank of Pakistan’s Islamic banking framework. The institution places a strong emphasis on Shariah compliance, maintaining a dedicated Shariah supervisory board to review and approve its products and processes. In October 2018 the bank experienced a cybersecurity breach in which unauthorized international transactions were detected on its payment card system, leading to the suspension of overseas card usage and customer reimbursements. The incident was highlighted by Pakistan’s central banking regulator and attracted attention due to reported fraudulent card use at overseas merchants such as Target Stores in the United States and Brazil. This event underscored the bank’s focus on security incident response and its interaction with national regulatory authorities.