1 BankIslami
2 Islamic commercial bank (Al Baraka)
3 Dubai Islamic Bank
4 Meezan Bank
5 Bank Alfalah Limited
6 The Islamic Development Bank
7 Burj Bank
8 Emirates Islamic Bank
Trading
List of Islamic Banks in Pakistan
Published by Gbaf News
Posted on April 5, 2013
1 min read· Last updated: November 27, 2018
Key Takeaways
- Pakistan hosts several full-fledged Islamic banks alongside Islamic windows of conventional banks.
- Major Islamic banks include Meezan Bank, BankIslami, Dubai Islamic Bank Pakistan, Al Baraka Bank Pakistan, Bank Alfalah Islamic, Faysal Bank and Bank Makramah.
- Islamic banking branches—full-service and windows—now represent over 40% of Pakistan’s branch network.
- The industry is regulated by the State Bank of Pakistan, with Shariah compliance overseen by specialists.
- The sector is expanding rapidly as Pakistan moves toward a fully Shariah-compliant banking system by 2028.
References
Frequently Asked Questions
What qualifies a bank as an Islamic bank in Pakistan?
Banks must be licensed by the State Bank of Pakistan and operate under Shariah‑compliant principles overseen by a Shariah board.
Which are the main full-fledged Islamic banks?
They include Meezan Bank, BankIslami Pakistan, Dubai Islamic Bank Pakistan, Al Baraka Bank Pakistan, Bank Alfalah Islamic, Faysal Bank and Bank Makramah.
How widespread is Islamic banking in Pakistan?
By end‑2025, Islamic banking branches and windows represented about 42% of Pakistan’s banking network.
What is the future of Islamic banking in Pakistan?
The government aims to convert the entire banking system to Shariah‑compliant operations by around 2028.
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