BOP opens Islamic banking branch in Peshawar

LAHORE: The Bank of Punjab Islamic Banking Group has extended its network by inaugurating its 100th Taqwa Islamic banking branch at Nasir Bagh, Peshawar.

The branch will facilitate individuals, business community, and traders of the vicinity in conducting their day to day banking operations including deposit account opening, Riba Free Certificate issuance, foreign remittances, financing arrangements, conducting transactions of local and international trade business at competitive business terms in Shariah compliant manners.

The branch was inaugurated by Zafar Masud (President & CEO — The Bank of Punjab). The event was attended by various executive personalities of the vicinity, representatives of business community and management team of The Bank of Punjab.

Speaking on the occasion Zafar Masud said: “The popularity of Shariah compliant banking is undeniably on the rise, not just in local markets, but around the globe. It has a wide-growing appeal, and the model goes far beyond the niche.

“Accordingly, consumers are expecting nothing less from Islamic services than what they have gotten from traditional banks. Islamic banks are actively responding to this demand and showing the augmented growth.