BankIslami Pakistan appoints chairman, CEO
BankIslami Pakistan Limited, the country’s leading Islamic financial institution, has appointed Shahid Hussain Jatoi as Chairman of its Board of Directors for a three-year term, effective August 10, 2026. The bank disclosed the development in a notice to the Pakistan Stock Exchange (PSX) “We wish to inform you that the newly elected Board of Directors of the bank, at its first meeting held on…
BankIslami Pakistan Limited, Pakistan's premier Islamic financial institution, has announced the appointment of Shahid Hussain Jatoi as the Chairman of its Board of Directors, effective August 10, 2026. This decision was made at the first meeting of the newly elected Board, held on the same day. Rizwan Ata, currently serving as CEO, will continue in his role until the end of his current three-year term on September 28, 2026.
Imran Haleem Shaikh, BankIslami's current deputy CEO, will assume the position of President and CEO starting from September 29, 2026. However, his appointment is contingent upon obtaining the necessary regulatory approval from the State Bank of Pakistan (SBP). BankIslami Pakistan was established in 2004 as a public limited company, originally founded by Jahangir Siddiqui & Company Limited and the Randaree family.
The bank was granted a license to operate as a Scheduled Islamic Commercial Bank by the SBP in 2005 and commenced its operations on April 7, 2006.
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