Islamabad: The State Bank of Pakistan released the latest weighted average customer exchange rates, indicating slight fluctuations across major currencies in the country. According to the central bank’s Domestic Markets and Monetary Management Departm…
Karachi: BankIslami has announced a major upgrade to its digital Islamic banking platform, ‘aik’, enhancing its capabilities to provide Pakistan’s first truly Riba-free digital banking experience. The revamped platform now offers improved system featu…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the asset manager rating of JS Investments Limited, reflecting the company’s enhanced operational quality and governance standards. The upgrade underscores JSIL’s successful initi…
London: Islamic finance, once a niche market, has expanded into a significant financial sector with assets surpassing USD 5 trillion across more than 80 countries. However, a recent report by Standard Chartered reveals that a lack of understanding abo…
Karachi: The Exchange Companies Association of Pakistan (ECAP) announced the closing exchange rates for major currencies in the open market on November 5, 2025. The rates, sourced from the State Bank of Pakistan, reflect the current buying and selling…
Karachi: The Karachi Interbank Offered Rate (KIBOR) has experienced a modest rise across all tenors, according to the latest figures released by the State Bank of Pakistan on November 5, 2025. The KIBOR rates, which serve as a benchmark for lending be…