What You Need to Know About Shariah-Compliant Banking in Pakistan
Shariah-compliant financial institutions are also known as Islamic banks or Islamic financial entities. They follow Islamic law, also known as Shariah, in their fiscal policies. The primary principles of Islamic banking are equitable sharing between stakeholders and banning interest payments by lenders and financiers. Islamic financial markets account for 22% of the world stock market’s […]
Mobilink Microfinance Bank Signs Agreement with IBP
A Partnership to Achieve a Dream Interestingly, Mobilik is joining hands with the country’s major banking training organization, “Institute of Bankers Pakistan ”. It trains and develops the upskill and capabilities of the workforce, to improve and strengthen the banking process. Moreover, it aims to provide customers with greater experience and standards of delivery. With […]
Future Fest Founder Arzish Azam Represents Pakistan at BSV Global Blockchain Convention in Dubai
Future Fest Founder Arzish Azam attended the BSV Global Blockchain Convention 2022. It took place in Dubai, UAE on 19th and 20th May 2022. Arzish Azam Arzish Azam was born in Pakistan and is now based in Dubai where he works in the healthcare field. He also runs a company called Future Fest […]
How to Open up a Bank Account in the UK and Receive Payments in Pakistan Using TransferWise?
In 2011, Transferwise was started by Skype’s first employee, Taavet Hirinkus. The transfer has now become a worldwide multi-currency service to transfer and manage assets. How to Receive Payments Through TransferWise in Pakistan? During the birth year of the company, it amounted to 10 million euros. As compared to a competitor site, Monito, it was […]
The Digital Banker Recognizes Standard Chartered Saadiq (Islamic Banking) for Various Digital CX Awards
Digital Banking has been on the rise in recent years, with more and more people moving their transactions online. This can be seen in the increasing popularity of services such as PayPal and Venmo. Standard Chartered Saadiq, a division of Standard Chartered Bank that offers Islamic Banking products and services, was recently recognized by The […]
Pakistan’s Dr. Amjad Saqib Nominated for Nobel Peace Prize 2022
This is the third time a Pakistani citizen is in the nominations for the award following Abdus Salam and Malala Yousafzai. Dr. Amjad Saqib is a civil servant and the mastermind behind Akhuwat, an interest-free microfinance program. He started Akhwat in 2001 and today the organization has helped 5 million homes in Pakistan. Aside from […]
Tania Aidrus Kickstarts D-Bank, a Pakistani Digital Bank
Ms. Tania Aidrus, former Special Assistant to the Prime Minister of Pakistan, launches a fintech venture in the form of a digital bank called D-Bank. This project is funded by an established international company Kleiner Perkins. Besides them, the project is also funded by Sequoia Capital and Nubank. The venture assures that it will soon […]
Pakistani Startup Oraan Raises $3m Seed Funding for Gender-Inclusive Fintech
Way to go women power! Oraan has successfully managed to raise 3 million dollars through seed funding via a local startup. The company is based in Karachi. Earlier, the company had raised funding from companies like Tharros, Graph Ventures and Zayn Capital. As a result, the total funds generated by the company come up to […]
Commercial Banks and State Bank of Pakistan Teamup to Introduce ‘Roshan Apna Ghar’ Scheme
“A game changer”, according to Prime Minister Imran Khan, the Roshan Apna Ghar scheme is declared to meet the current deficit. The scheme will allow non-residents of Pakistan to get the financial help to own a house in Pakistan, this will be done through Roshan Digital Account. With the help of commercial banks, SBP is […]
Bank Alfalah Becomes the First-ever Pakistani Bank to Launch a Digital Banking Portal
The state bank of Pakistan has declared Bank Alfalah as the first-ever Pakistani digital banking portal where the latter took the initiative to execute a digital banking portal for their banking services. This initiative will resolve numerous queries faster and in a more organized manner. Due to the pandemic, visitation for the bank has been […]
Ignite and JS Bank Collaborate to Support the Young Entrepreneurs of Pakistan
A collaboration has been forged between JS Bank Ltd. and Ignite. JS Bank will be funding ignite in their Research and Development projects, five startups of National Incubation Centers, and freelancers. Ignite and JS Bank Ltd will be helping startups, freelancers working under Ignite’s Digiskill.pk program. The banking needs of the freelancers such as remittance […]