LAHORE: Habib Bank Limited (HBL) has inaugurated its Islamic banking branch in Bahria Town, Lahore to scale up its branch network to serve Shariah-compliant products and services to its clients, a statement said on Monday.
HBL Islamic has a network of 273 dedicated branches and 572 windows, and the bank has plans to expand more across the country by adding up to 33 new branches by December, 2022, HBL said.
“The demand for Shariah-compliant banking solutions and services has seen a sharp increase, and this expansion highlights HBL Islamic banking’s commitment to support our clients’ strategic needs,” Shahzad Babar, head Retail Banking Islamic, HBL.
According to HBL, its Islamic banking offers a complete product suite for its small and medium-sized enterprises (SMEs) and commercial banking clients, ranging from short-term working capital financing to long-term project financing.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards