BankIslami, Pakistan’s leading Islamic finance institution won 4 accolades at the prestigious 6th Islamic Retail Banking Awards (IRBA) 2020 adding another feather to its cap. BankIslami won the Critic’s Choice Best Islamic Retail Bank Award in Pakistan along with the Best Fintech Application Award for this year. Syed Amir Ali, President, and CEO, BankIslami was recognized as the IRBA Personality of the Year while Mr. Rizwan Ata, Country Head, Distribution at BankIslami was awarded the title of IRBA Islamic Retail Banker of the Year for 2020.
BankIslami has had exponential growth in terms of revenues, assets, and customer base in the year 2019. Over the year, BankIslami posted a profit increase of almost 400% while the deposits for the institution saw a rise of 24%. The Bank’s exceptional strategy and efforts have enabled not just the Islamic retail banking sector to grow but also digital banking channels to become more easily accessible to everyone around the country. BankIslami has always been a pioneer in introducing state-of-the-art technologies like biometric ATMs and One-Touch banking to its service portfolio opening new horizons for simplified financial inclusivity across Pakistan.
Speaking at the development, Syed Amir Ali, President, and CEO, BankIslami commented: “.On behalf of BankIslami team, I am pleased to receive the Best Islamic Retail Bank of the Year Award. The year 2019 was the year of splendid performance and success for BankIslami. Our deposits grew by 24% and our profit grew by 400% during this year. This indeed is due to blessings and the sheer hard work of the BankIslami team. I would like to thank the Critics’ Choice committee for selecting BankIslami for this award, and I would also like to thank the organizers for holding this event in such a successful manner during the pandemic.”
Mr. Rizwan Ata, Country Head, Distribution at BankIslami also noted: “I’m extremely thankful to the organizers for selecting me as the Retail Banker of Islamic Banking in Pakistan. This is one of my life’s missions to spread Islamic banking and to save myself and people from Riba and Allah has blessed me an opportunity in BankIslami to serve the Islamic banking industry. And Islamic banking will grow in Pakistan. I also pray that in the near future Islamic banking will dominate the Pakistani banking industry.