The State Bank of Pakistan has awarded Silkbank with an Islamic banking license.
The bank will be initially aiming Pakistan’s main population centers, Karachi, Lahore, Islamabad and Faisalabad.
Islamic Microfinance Network (IMFN) has been set up to assemble the international Islamic Microfinance organisations on one platform.
The IMFN head office is in Lahore and its regional offices will be in Ghana, Mauritius and Middle East.
The board members of IMFN are Farida Tariq, Chairperson, Amjad Saqib, Vice Chairman, and Muhammad Zubair Mughal, Chief Executive Officer.