BankIslami, one of Pakistan’s fastest-growing Islamic banks, has entered a Technical Services Agreement with Al-Hilal Shariah Advisors for the provision of specialized equity screening and data analytics services.
Under this agreement, Al-Hilal Shariah Advisors will provide technical support for screening and monitoring of listed equities at the Pakistan Stock Exchange against pre-defined Shariah screening parameters approved by BankIslami’s Shariah Board. This collaboration will enable timely identification of listed equities transitioning towards Shariah compliance. The incorporation of data-driven insights will strengthen Shariah governance and enhance transparency.
The partnership was formally marked at a signing ceremony at BankIslami’s headquarters in Karachi, attended by Imran H Shaikh, Dy Chief Executive Officer of BankIslami, Faraz Younus Bandukda, Chief Executive Officer of Al-Hilal Shariah Advisors, along with other senior representatives from both organizations.
“This collaboration is a reflection of BankIslami’s commitment to enhance operational efficiency and cost-effectiveness by leveraging specialized technical expertise where available,” Rizwan Ata, CEO and President of BankIslami, said on the occasion. “It also highlights the importance of incorporating data-driven insights to support the development of Shariah-compliant capital market activities in Pakistan.”
This agreement reflects BankIslami’s commitment to strengthening Shariah governance through reliable and up-to-date compliance monitoring.
Stay Connected with ProPakistani
Get the latest news and stories wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
