Veon’s Mobilink Microfinance launches Islamic banking operations in Pakistan

VEON (VEON) announced that its financial services subsidiary, Mobilink Microfinance Bank, has launched Islamic banking operations in Pakistan, expanding access to Shariah-compliant financial services in in response to growing customer demand. Mobilink Bank inaugurated its first dedicated Islamic banking branch this week in Karachi, Pakistan’s economic hub. A second Islamic banking branch is scheduled to commence operations in Peshawar later this month, followed by a phased rollout of Islamic banking services across additional locations nationwide. Mobilink Bank received its Islamic Banking license from the State Bank of Pakistan earlier in 2025. “With the launch of Islamic banking at Mobilink Bank, we are reinforcing our commitment to inclusive, customer-centric financial services,” said Aamir Ibrahim, Chairman of the Mobilink Bank Supervisory Board. “The continued growth of Islamic banking in Pakistan reflects strong demand and significant potential, which we are proud to address through solutions that empower individuals and businesses.”