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HBL Microfinance Bank Limited (HBL MfB) has launched its Islamic banking operations with the inauguration of its first Islamic banking branch in Timergara, Khyber Pakhtunkhwa.
The launch follows the bank’s receipt of an Islamic banking licence from the State Bank of Pakistan (SBP). The initiative aims to expand access to Shariah-compliant financial services for individuals, farmers, micro-entrepreneurs and communities seeking banking solutions aligned with Islamic principles.
Speaking at the launch, HBL Microfinance Bank President and CEO Amir Khan described the new branch as an important milestone in the bank’s efforts to make financial services more inclusive and accessible.
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“The launch of our Islamic Banking branch marks a key milestone in the bank’s journey to make financial services more inclusive, accessible and responsive to serve the people of Pakistan. Our first Islamic Banking branch in Timergara is a step in the right direction especially for those who need our services the most and brings communities closer and enables our customers to thrive with confidence,” Khan said.
The bank said the new branch would provide customers with additional options for accessing financial services designed around Shariah principles.
Established in 2002, HBL Microfinance Bank serves customers across Pakistan, with a focus on improving access to financial services for underserved communities.
The launch of Islamic banking expands the bank’s existing services and offers another option for customers seeking Shariah-compliant financial solutions.
HBL Microfinance Bank said it plans to expand its Islamic banking operations further as it continues to support individuals and communities in pursuing economic growth and development.
