VEON subsidiary launches Islamic banking in Pakistan
Dubai-based telecommunications and digital services company Veon has launched Islamic banking operations in Pakistan, building on the country’s bid to expand its Shariah-compliant offerings.
Veon’s financial services subsidiary, Mobilink Microfinance Bank, inaugurated its first dedicated Islamic banking branch in Karachi, with a second branch scheduled to commence operations in Peshawar later this month.
The two launches will be followed by a phased rollout of Islamic banking services across additional locations nationwide. Mobilink Bank received its Islamic banking licence this year.
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