ISLAMABAD, Oct 29 (APP):HBL Microfinance Bank Limited (HBL MfB) has taken a significant step towards its journey of financial inclusion, with the launch of its Islamic Banking operations, marked by the inauguration of the Bank’s first Islamic Banking branch in Timergara, Khyber Pakhtunkhwa, following the grant of an Islamic Banking licence by the State Bank of Pakistan (SBP).
Through Islamic Banking operations, the bank extends its access to Shariah-compliant financial solutions for individuals, micro-entrepreneurs, farmers and communities who prefer banking services that are aligned with Islamic principles, said a press release.
On the occasion, Mr Amir Khan, President & CEO, HBL Microfinance Bank, said, “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.”
Established in 2002, HBL Microfinance Bank has built its strong presence serving millions of customers by improving the quality of life for underserved communities across Pakistan.
The launch of Islamic Banking operations is a natural extension of Bank’s mandate, providing people with more options for varied financial solutions designed around Shariah principles.
HBL Microfinance Bank continues to serve people from all across Pakistan and provide viable financial support for their economic growth and progress. Going forward, the Bank aims to further scale its Islamic Banking operations.
Source: APP (Associated Press of Pakistan)
