BankIslami reports Rs5.49bn profit before tax in first quarter

KARACHI: BankIslami announced its financial results for the first quarter ended March 31, 2025. The bank reported a profit before tax (PBT) of Rs5.49 billion, 6.3 per cent growth in total income and a significant 98 per cent increase in non-fund-based income.

Deposits grew by 16 per cent, driven primarily by growth in current accounts (24.1 per cent) and savings accounts (26.6 per cent). the bank closed the quarter with a strong capital adequacy ratio (CAR) of 22.89 per cent, nearly double the minimum regulatory requirement of 11.5 per cent, reflecting prudent capital management and sound financial oversight.

During this quarter, BankIslami launched ‘aik’, Pakistan’s first fully digital Islamic banking experience. Aimed at digitally native and Sharia-conscious customers, ‘aik’ offers a mobile-first, end-to-end banking experience and marks a significant milestone in the evolution of Islamic finance in the country and reinforces BankIslami’s commitment to innovation with purpose.

Commenting on the bank’s performance, President and CEO of BankIslami Rizwan Ata said, “This quarter reflects the high expectations we have set for ourselves. We remain committed to expanding access to Sharia-compliant finance through innovation, trust, and excellence to people across all backgrounds.”