Tuesday, November 4, 2025

aik by BankIslami Empowers local Merchants with a Shariah-Compliant QR Payments Service in Karachi

In line with the Go Cashless Economy Drive led by Prime Minister Shehbaz Sharif and the State Bank of Pakistan, aik by BankIslami is launching a focused activation campaign at Creek Walk Food Street in Karachi from November 7 to 16, 2025. The initiative underscores aik’s mission to promote Shariah-compliant banking and accelerate the adoption of secure digital payments nationwide.

This initiative aims to promote the adoption of digital payments with aik QR—a fast, secure, and Shariah-compliant solution that empowers merchants and customers to embrace a cashless, interest-free lifestyle. Throughout the campaign, local merchants will receive seamless, convenient digital banking services that fully align with Shariah-compliant banking principles.

“This drive is about digitizing everyday commerce—right where local entrepreneurs serve their customers,” said Ashfaque Ahmed, Chief Officer of aik. “With this QR payment feature, merchants can accept secure digital payments in seconds, while customers enjoy a Shariah-compliant and cashless experience that aligns with Pakistan’s national vision”.

To support this initiative and enhance customer acceptance, aik QR payments will offer 50% cashback for aik and BankIslami customers and 30% cashback for customers of other banks on payments (terms and conditions applied).

This activation reflects aik and BankIslami’s unwavering commitment to financial inclusion and Shariah-compliant innovation—advancing digital payment adoption while strengthening the brand’s presence within Karachi’s vibrant retail and dining community.

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