KARACHI, February 28, 2025 โ BankIslami has posted a record-breaking 24.4% rise in pre-tax profit to Rs. 25.5 billion for the year ending December 31, 2024, reinforcing its stature in Pakistanโs Islamic banking sector. Despite economic volatility and shifting regulatory conditions, net profit rose 7.1% to Rs. 11.8 billion.
Upholding its mission of โSaving Humanity from Riba,โ the Bank announced a total dividend of Rs. 2.75 per share, comprising a final 12.5% cash dividend alongside a previously declared 15% interim payout.
BankIslamiโs balance sheet expanded steadily, with total deposits rising 7% year-on-year to Rs. 559 billion. A notable 18.9% surge in savings deposits and a 9.2% uptick in current deposits pushed the CASA ratio to 65.7%, underscoring strong liquidity and depositor confidence. Gross financing jumped 28.8% to Rs. 327.2 billion, while investments grew 9.9% to Rs. 345.1 billion, reflecting a measured growth strategy. Meanwhile, non-fund-based income (NFI) increased by Rs. 1.3 billion, lifting its share of total income from 7.6% to 9%, broadening revenue streams.
The Bankโs risk management efforts further strengthened its financial position, with the infection ratio improving from 9% to 7.4%, driven by proactive credit risk management and recoveries. At the same time, the Bankโs Capital Adequacy Ratio (CAR) stood at 24.11%, well above the 11.50% regulatory requirement, highlighting its financial strength and stability.
Over the past year, BankIslami launched Pakistanโs largest Islamic banking marketing campaign, amplifying brand presence and customer engagement. The Bank also spearheaded a major technological overhaul,ย with the launch of its new Internet and Mobile Banking applications as well as revamping its core banking system to enhance operational efficiency and digital capabilities.
With 540 branches nationwide, BankIslami is expanding accessibility while investing heavily in digital transformation. Looking ahead, BankIslami is poised to deepen its digital footprint, enhance operational efficiencies, and expand its financing and investment portfolios. With robust risk governance and a customer-centric strategy, the Bank remains well-positioned for sustained growth in an evolving financial landscape.