Yes, Mashreq provides a global award-winning Islamic banking solution which offers Shari’ah-compliant products through its digital platform under the rules and regulations stipulated by the State Bank of Pakistan.

Mashreq operates under a strong Shari’ah governance framework, overseen by the Bank's Shari’ah Board. The Shari’ah Compliance Department conducts regular reviews, along with internal and external Shari’ah audits, to ensure adherence to Shari’ah principles.

Yes, the basis of Islamic banking is laid down on ethical values and a socially responsible banking system. Value like justice, mutual consent and honesty on the part of the parties in a contract, avoiding fraud, misrepresentation, misstatement of facts, negation of injustice and exploitation, form the basic principles of Islamic banking. The principles of Islamic banking are designed to lead the economic system to achieve the common good and economic prosperity. Therefore, Islamic banking is a viable option for everyone irrespective of their religious beliefs.

Anyone can open an Islamic banking account. However, for business banking accounts, it is important that the customer's nature of business is in accordance with Shari’ah principles.

Riba is an Arabic term that translates to "increase" or "excess." In Islamic finance, it refers to the concept of charging interest on loans. Any amount over and above the principle in a contract of loan or debt is Riba which is prohibited by Shari’ah.