BIPL exchange subsidiary gets SBP clearance to begin business

MG News | April 09, 2026 at 10:08 AM GMT+05:00

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April 9, 2026 (MLN): BankIslami Pakistan Limited's (PSX:BIPL) wholly owned subsidiary, BIPL Exchange Company (Private) Limited, has received formal authorization from the State Bank of Pakistan for Commencement of Business.

The development marks a significant milestone for the bank, the company's filing on PSX revealed today.

The State Bank of Pakistan's green light clears the way for BIPL Exchange Company to formally begin operations, strengthening BankIslami's diversified financial services portfolio under the Islamic banking framework.

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