Karachi: BankIslami has been recognized as a leading Islamic financial institution in Pakistan, clinching two significant awards at the 22nd CFA Society Pakistan Annual Excellence Awards. The bank was awarded "Best Bank of the Year 2024 (Mid-Sized Banks)" and was named the "Best Islamic Bank (Runner-up)."

The awards highlight BankIslami's strong financial performance and governance standards, underscoring its role in advancing Pakistan's transition toward a Riba-free economy. The CFA Society Awards are recognized as a credible acknowledgment of excellence in the country's financial sector.

Rizwan Ata, President and CEO of BankIslami, expressed pride in the bank's achievements, stating that their mission is to save humanity from Riba. He emphasized that the recognition from the CFA Society is a testament to the bank's ethical banking commitment and efforts to build an inclusive, Shariah-compliant financial system.

This recognition adds to BankIslami's successful year, following accolades such as Pakistan's Best Islamic Bank from Euromoney and local and international awards from Global Islamic Finance Awards, Dragons of Asia, and the Pakistan Digital Awards.

With over 550 branches across 210 cities, BankIslami continues to innovate in Islamic banking. The bank has launched Pakistan's first fully digital Islamic banking solution and introduced accessible products for various sectors, furthering its goal of a Riba-free economy.