aik by BankIslami empowers local merchants with a Shariah-compliant QR payments service

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.