HBL unveils innovative Islamic Banking Branch in Karachi

Web DeskJune 4, 2024 05:41 AMbusiness
  • HBL introduces first Islamic Banking Branch in DHA Phase 8, Karachi
  • HBL Islamic focuses on SME and Commercial Banking clients
  • Muhammad Nassir Salim emphasizes HBL's commitment to Shariah-compliant services
HBL unveils innovative Islamic Banking Branch in KarachiImage Credits: pakistantoday
HBL, a leading bank in Pakistan, inaugurates its first Islamic Banking Branch in Karachi, emphasizing Shariah-compliant services and expansion plans.

HBL, one of Pakistan's leading banks, has recently unveiled its first Islamic Banking Branch in DHA Phase 8, Karachi. This branch stands out with its innovative modular construction design, setting a new standard in the country's banking sector. The move is part of HBL's continuous efforts to grow its branch network and provide Shariah-compliant products and services to its customers.

The inauguration ceremony of the branch was graced by the presence of the Branch Manager's mother and the esteemed President & CEO of HBL. Currently, HBL Islamic operates through 408 dedicated branches and 569 Islamic Banking Windows (IBWs) across 300 cities nationwide. The bank has ambitious plans to further expand its reach by introducing more IBWs in the coming days.

HBL Islamic Banking focuses on serving SME and Commercial Banking clients by offering a wide array of financial products, such as working capital and project financing. Moreover, the bank has set up trade centers in key markets to provide Shariah-compliant solutions for both local and international trade finance requirements.

In his remarks on the branch opening, Muhammad Nassir Salim, the President & CEO of HBL, underscored the institution's dedication to meeting the growing demand for Shariah-compliant banking services. By tailoring financial solutions to meet the needs of its clients, HBL aims to support them in achieving their financial goals. The expansion of HBL Islamic Banking's branch network further cements its position as a significant player in the industry.

The launch of HBL's new Islamic Banking Branch in Karachi marks a significant milestone in the bank's commitment to providing accessible and innovative Shariah-compliant financial services to its customers. With a focus on expansion and customer-centric solutions, HBL Islamic Banking is poised to continue its growth trajectory and strengthen its position in the market.

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