BankIslami unveils digital Islamic banking solution

KARACHI: BankIslami has launched ‘aik’, the country’s first fully digital Sharia-compliant banking solution, a move towards the future of Islamic finance, a statement said on Wednesday.

BankIslami currently operates over 540 branches and offers a comprehensive suite of Sharia-compliant products. With the launch of aik, the bank is leading the way in the digital transformation of Islamic finance by establishing a dedicated, fully digital division offering Riba-free financial products for a modern, tech-savvy clientele.

“Aik translates to ‘one’ -- a symbol of simplicity, unity and our shared vision for an ethical, riba-free financial future,” said Ashfaque Ahmad, chief officer of aik. “This platform fulfills a critical need in Pakistan’s banking landscape for a fully digital solution that aligns with Islamic principles without compromising convenience and accessibility.”

The platform seamlessly integrates essential banking features -- including digital account opening with biometric authentication, instant money transfers, secure bill payments, mobile top-ups and an internationally accessible debit card -- with lifestyle-enhancing functionalities such as a Qibla direction tool. Now available for download on Google Play and the Apple App Store, aik enables users to register using their CNIC and instantly access a secure, fully digital Islamic banking experience.