Advertisement

HBL Islamic Banking the first to introduce Islamic Merchant Acquiring in Pakistan

HBL’s Islamic Banking has achieved a first mover advantage by launching Islamic Merchant Acquiring for the first time in Pakistan after signing Merchant Establishment Agreement with Edenrobe.

Print Friendly, PDF & Email

Karachi – 19 July 2021: HBL’s Islamic Banking and Edenrobe signed a Merchant Establishment Agreement on 7 July 2021, at Lucky One Mall in Karachi. The agreement was signed by Shahzad Babar, Head Governance, Planning & Initiatives – HBL Islamic Banking and Junaid Dandia, Chief Executive Officer, Edenrobe, a venture of Eden Apparels Pvt Ltd., one of Pakistan’s premier fashion retail brands offering quality clothing and fragrances.

Through this agreement HBL’s Islamic Banking has achieved a first mover advantage by launching Islamic Merchant Acquiring for the first time in Pakistan. This means that customers can now make transactions using POS Machines through Visa, Master, Union Pay and Pay Pak at the terminals of Islamic Merchants, who will maintain Islamic Banking Accounts with HBL Islamic Banking.


Commenting on this occasion, Muhammad Afaq Khan, Head – Islamic Banking, HBL stated, “HBL Islamic Banking always strives to provide seamless and innovative solutions to its customers for their convenience. By being the first Bank to introduce Islamic Merchant Acquiring in Pakistan, HBL has once again shown that it is a pioneer and market leader in the banking industry.”

Read more: You can now book your Honda with HBL

HBL’s Islamic Banking, with the addition of a dedicated HBL Islamic Commercial Centre, Trade Hub, and Branch in Karachi, provides Shariah-compliant financial services from over 911 branches/windows nationwide.

 

Latest

Indian claims against Pakistan not credible: Afghan official snubs Indian reporter

According to an Indian anchor, Pakistan is playing a double game in Afghanistan. On one hand, Islamabad and Beijing are planning anti-terror actions for Afghan peace, but on the other hand, Pakistan is carrying out terrorist activities in Afghanistan. The anchor's claims were debased by Torek Farhadi who said he has not seen any proof of Pakistan's terror activities in any credible news forums.