PESHAWAR: The National Bank of Pakistan (NBP) has set up about 110 branches of Islamic banking within a period of one and a half years.
This was stated by NBP Regional Head Islamic Banking Saima Rahim, while speaking to newsmen at an Iftar dinner hosted by NBP. Provincial Minister for Excise and Taxation Mian Jamshed Kakakhel was chief guest and NBP President Iqbal Arshraf was also present on the occasion.
Talking to newsmen, Saima Rahim said NBP is spreading its Islamic banking branches in every nook and corner of the country. She said the decision to start Islamic banking was taken after appearance of reports about looting of public money by vested elements in the name of Mudarba.
Speaking on the occasion, Mufti Ehsan Waqar, a religious scholar, appreciated promotion of Islamic banking in the country and role of NBP in this regard. He said NBP is planning to expand its branches from 110 to 175 within a year and it is a very good sign.
