Habib Bank goes for Islamic banking

Habib Bank (HBL), Pakistan's largest bank, with a presence of over six decades in Sri Lanka launched Islamic banking operations recently.

HBL's Global Head of Islamic Banking, Mirza Saleem Baig said, "Sri Lanka was the first country outside Pakistan for HBL to launch its overseas operations so it is appropriate that it be the first territory outside of Pakistan for launching Islamic banking products as well."

"The bank has made considerable effort in ensuring that its product offering systems and processes were robust and meets globally accepted standards for Shariah complaint products," he said.

This launch is in addition to HBL's plans to open two more branches this year in Sri Lanka along with the launch of Visa Debit Card and a state-of-the-art internet banking platform, thereby ensuring that the bank provides the network and products that its growing customer base seeks.

"HBL offers banking solutions to customers in 29 countries spanning four continents.