Bank Alfalah Islamic wins two prestigious awards at the 10 th Annual Global Islamic Finance Awards (GIFA)

By Team BitBol, 

In recognition of its outstanding performance
and leadership in Pakistan, Bank Alfalah Islamic received the ‘Most Innovative
Islamic Banking Window 2020’ and ‘Best Islamic Savings Product 2020’ awards at
the prestigious Global Islamic Finance Awards (GIFA). The awards ceremony was
held on September 14 at Marriot Hotel, Islamabad. President of Pakistan, Dr. Arif
Alvi graced the occasion as the chief guest, whereas other attendees included
Governor State Bank of Pakistan Mr. Reza Baqir, senior ministers, senior officials
of State Bank, ambassadors & diplomats of all Islamic countries, local and
international leading players, and other stakeholders of the industry.
Bank Alfalah Islamic was recognised for its continued efforts to serve customers in
new and better ways, such as through the successful launch of its Premier
proposition and its unique deposit facility of Alfalah Islamic Recurring Value
Deposit. This year the Bank also introduced a Shariah compliant Islamic App
Journey for its customers.
The Bank’s Alfalah Islamic Recurring Value Deposit, which won under the category
of ‘Best Islamic Savings Product 2020’, has served as an outstanding star to Bank’s
Deposit Portfolio. This is a one-of-its-kind savings proposition in the industry,
which lets customers save in instalments and provides them with increasing Halal
Mr. Atif Bajwa, CEO and President, Bank Alfalah, said “At Bank Alfalah, we pride
ourselves on keeping our customers and their financial needs as our key priority.
We continue to find new and innovative ways of providing our customers a
seamless banking experience with value added Islamic products while remaining
fully compliant with Shariah principles. We are grateful to the GIFA Panel for
awarding us as the Most Innovative Islamic Bank and the Bank with Best Islamic
Products and Services. We hope to carry this momentum to reach newer and
bigger milestones in the future and pave the way forward!”
Commenting on Bank Alfalah Islamic’s awards at the GIFA, Dr. Muhammad Imran,
Group head, Bank Alfalah Islamic Banking Group, stated “At Bank Alfalah, we see

tremendous potential for growth in the area of Islamic Banking, and we are
actively working towards providing our customers with innovative products,
which can give them greater convenience. We seek to be pioneers in meeting the
evolving needs of our customers with the latest digital solutions and exceptional
customer service so that they can bank with us securely and with peace of mind.
GIFA’s acknowledgement is a further testament to the trust that our customers
place in Bank Alfalah Islamic.”
The Global Islamic Finance Awards (GIFA) is one of the most prestigious and
recognized global award programs in the field of Islamic Banking and Finance,
which recognizes governments, institutions and individuals from across the world
who have made a significant mark in Islamic Banking and Finance, in the past one
year. The awards completed a decade in 2020.

About Ali Raza

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