Islamabad, 12 Oct 2023:BankIslami Pakistan Limited has earned the runner-up spot in the Best Islamic Bank category at the 20th Annual Excellence Awards, as per the information divulged in a recent press release by the financial institution. The awards, orchestrated by the CFA Society Pakistan and held on October 6, 2023, aimed to honour and spotlight the commendable performances of players within the financial sector of Pakistan, underscoring their pivotal contributions.
During the ceremony, BankIslami was distinguished with the runner-up position in the Best Islamic Bank category, reflecting its steadfast commitment towards providing Shariah-compliant banking services and its dedication towards innovating customer-centric financial solutions. While the bank’s adherence to saving humanity from Riba (usury) was emphasized in the press release, there were no additional details regarding the specific initiatives or strategies that facilitated BankIslami in achieving this recognition.
The press release did not disclose the winner of the Best Islamic Bank category nor did it provide further details about other nominees or categories present at the 20th Annual Excellence Awards. Additionally, there was no information regarding the criteria or metrics upon which banks were evaluated and adjudged during the awards.