Karachi: BankIslami Pakistan Limited's Board of Directors convened on August 19, 2026, in Karachi, to review the financial performance for the half-year ending June 30, 2026. The board announced an interim cash dividend of Rs.1.5 per share, equating to a 15% distribution to shareholders, with the payout scheduled for those registered by September 1, 2026.

The financial statement reveals a mixed performance, with total assets rising to Rs.810.87 billion from Rs.771.34 billion, indicating positive growth. However, investments fell to Rs.305.80 billion from Rs.322.89 billion. The bank's deposits and other accounts showed an increase, standing at Rs.700.33 billion, up from Rs.660.18 billion.

Net profit for the half-year was Rs.2.02 billion, a decrease from Rs.4.41 billion in the same period the previous year. The profit before taxation was Rs.4.31 billion, compared to Rs.8.96 billion last year. According to information available from the Pakistan Stock Exchange (PSX), the profit after taxation exhibited a very large or significant move downwards by 54.18%.

The bank's cash and balances with treasury banks reached Rs.75.64 billion, an increase from Rs.71.82 billion, while balances with other banks saw a minor move up to Rs.1.08 billion. Islamic financing, related assets, and advances climbed to Rs.309.83 billion from Rs.291.75 billion, reflecting a stable rise in the core Islamic banking operations.

On the income front, the bank's profit/return earned during the half-year was Rs.34.37 billion, down from Rs.38.90 billion, while profit/return expensed decreased to Rs.16.75 billion from Rs.20.37 billion. Net profit/return was Rs.17.62 billion, a reduction from Rs.18.52 billion in the previous year.

Other income sources generated Rs.2.86 billion, a drop from Rs.4.90 billion. Operating expenses increased to Rs.17.10 billion from Rs.15.01 billion, indicating heightened operational costs.

The bank's share capital remained constant at Rs.11.01 billion, with unappropriated profit slightly rising to Rs.25.18 billion from Rs.24.92 billion. Reserves increased to Rs.8.77 billion from Rs.8.37 billion, while the surplus on revaluation of assets fell to Rs.3.49 billion.

The Share Transfer Books will remain closed from September 2 to September 4, 2026, ensuring all transfers received by the close of business on September 1, 2026, are eligible for the dividend. The bank will communicate the half-yearly report through PUCARS in due course.