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Zafar Masud (banker) Zafar Masud ( Urdu: ظفر مسعود ) is a Pakistani banker who is the current chief executive officer of the Bank of Punjab (BOP), having held the position since 4 April 2020. [1] Masud is also known as one of only two survivors of the PIA Flight 8303 crash in May 2020, in which 97 people perished. [2]
Raast (Urdu: راست lit. 'direct') is an instant payment system developed by the State Bank of Pakistan (SBP). [1] It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [2]
Taqi Usmani. Muhammad Taqi Usmani ( Urdu: محمد تقی عثمانی; born 3 October 1943) SI, OI, is a Pakistani jurist and a leading scholar in the fields of Qur'an, Hadith, Islamic law, Islamic economics, and comparative religion. [2] He was a member of the Council of Islamic Ideology from 1977 to 1981, a judge of the Federal Shariat Court ...
The State Bank of Pakistan (SBP) (Urdu: بینک دَولتِ پاکِستان) is the Central Bank of Pakistan.Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged.
In 2018, there were 50.565 million bank accounts in Pakistan for its population of 207.77 million, resulting in a penetration rate of 24.34%. There were 15,053 bank branches, 14,148 ATMs, and 53,269 POS machines active in the country. On 28 April 2022, the Federal Shariat Court (FSC) announced a verdict in a case on Riba, declaring all the ...
An Introduction to Islamic Finance is a book written by Pakistani scholar Taqi Usmani on Islamic banking and finance. The book remains one of the gateway publications on Islamic finance. Most of the focus of the book is on banking rather than fund management. [1] The author urges Islamic banks to develop their own culture, as ultimately it is ...
Habib Bank Limited (Urdu: حبیب بینک محدود) abbreviated as HBL, is a Pakistani multinational bank based at Habib Bank Plaza, Karachi, Pakistan. Established in 1941 by the Habib Family , HBL is Pakistan's oldest, largest and the first commercial bank.
The Institute of Bankers Pakistan (IBP), ( Urdu: ادارہَ بینکارانِ پاکستان) established in 1951, is Pakistan's premier banking training institute, which aims to develop and groom a cadre of banking and financial services professionals on continuous basis. It is an ISO-9001-2000 Certified Organization.