HBL Microfinance Bank Limited started Islamic Banking operations by opening its very first Islamic Banking branch in Timergara, Khyber Pakhtunkhwa, after the State Bank of Pakistan granted the institution an Islamic Banking licence.
These new operations allow the institution to offer Shariah-compliant financial products to communities, farmers, micro-entrepreneurs, and individuals who want banking services matching Islamic principles.
President and CEO of HBL Microfinance Bank, Mr. Amir Khan, stated, "The launch of our Islamic Banking branch marks a key milestone in the bank's journey to make financial services more inclusive, accessible and responsive to serve the people of Pakistan. Our first Islamic Banking branch in Timergara is a step in the right direction especially for those who need our services the most and brings communities closer and enables our customers to thrive with confidence."
Operating since 2002, HBL Microfinance Bank has established a presence by assisting millions of clients and raising living standards in neglected areas throughout Pakistan. Introducing Islamic Banking services serves as a natural progression of the institution's mission, offering citizens additional choices for Shariah-aligned financial products.
The bank keeps serving clients nationwide and delivering practical financial assistance for their economic development. The institution plans to expand its Islamic Banking network in the future.
