BankIslami gets SBP Nod for Exchange Company

MG News | July 25, 2025 at 10:34 AM GMT+05:00

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July 25, 2025 (MLN): BankIslami Pakistan Limited (PSX: BIPL) has received a "No Objection" from the State Bank of Pakistan for the establishment of an exchange company under the name BIPL Exchange Company (Private) Limited.

The aforementioned information was disseminated through a notification to Exchange.

BIPL was incorporated in Pakistan on October 18, 2004 as a public limited company to carry out the business of an Islamic Commercial Bank in accordance with the principles of Islamic Shariah.

The State Bank of Pakistan (SBP) granted a ‘Scheduled Islamic Commercial Bank’ license to the Bank on March 18, 2005.

The Bank is principally engaged in corporate, commercial, consumer, retail banking and investment activities.

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