Connect with us

Hi, what are you looking for?


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

ISLAMABAD: 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.”

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *




SSP Ataur Rahman said that when police arrested Zahir Jaffer from the crime scene, he was mentally stable and normal. However, during remand the...

Latest Updates

Islamabad police obtained a three-day remand of the suspect from a local court, while officials are investigating the suspect’s motive for allegedly killing the...


In its Tweet, the US Embassy in Islamabad made it clear that in a foreign country, US citizens are subject to that country's laws.

Latest Updates

Pakistan Ulema Council has decided that its lawyers wing would provide complete legal assistance to plaintiffs and  victims in cases of violence and abuse...

Copyright © 2021 The Truth International