Pakistan

Residents of Paktika, Khost, and Nangarhar reported that after the airstrikes, Taliban forces surrounded several areas. Web Desk February 23, 2026 Afghanistan has reportedly restricted media and civilian access to areas affected by recent Pakistani airstrikes, according to regional news sources. Pakistan stated that its air operations were conducted based on what it described as credible intelligence, targeting locations allegedly …

Iran has indicated it is prepared to make concessions on its nuclear programme in talks with the U.S. in return for the lifting of sanctions and recognition of its right to enrich uranium, as it seeks to avert a U.S. attack. Both sides remain sharply divided — even over the scope and sequencing of relief from crippling U.S. sanctions — …

The Indian Air Force (IAF) has lost another Tejas Light Combat Aircraft (LCA) in an accident, triggering investigations and extensive technical checks across the fleet. According to sources, the incident took place earlier this month in an operational area at a key air base when the indigenously made fighter jet was landing after a routine training sortie. Preliminary assessment pointed …

Weapons, ammunition and explosives were also recovered from khwarij, military’s media wing Web Desk February 23, 2026 Rawalpindi: Security forces killed five militants during an intelligence-based operation in District Pishin, Balochistan, the military’s media wing, Inter-Services Public Relations (ISPR). According to ISPR, the operation was launched after security forces received credible intelligence regarding the presence of militants in the area. …

Standardisation gaps and Shariah scholar shortage challenge sector’s sustainable progress Islamic finance, grounded in Shariah principles, eschews interest (Riba), ambiguity (Gharar), and speculation (Maysir), favoring risk-sharing, ethical investments, and tangible asset linkages. This framework fosters socioeconomic equity, drawing from Quranic injunctions and Prophetic traditions. Globally, the sector has burgeoned into a robust ecosystem, with assets totaling USD 5.98 trillion as …

Islamic banking sector is expected to reach a 30% market share by 2026, with assets growing at an average rate of 25-28% annually Pakistan’s contribution to the global Islamic banking market is significant. The country’s Islamic finance ecosystem includes Islamic banking institutions, sukuk (Islamic bonds), and takaful (Islamic insurance). Pakistan’s Islamic banking sector is expected to continue growing, driven by …

Shariah-compliant finance drives ethical investment, financial inclusion, and sustainable growth across global markets Islamic banking, rooted in Shariah principles that prohibit interest (riba) while promoting risk-sharing, ethical investments, and asset-backed financing, has transformed from a niche system into a global financial powerhouse. According to the LSEG Islamic Finance Development Report 2025, global Islamic finance assets reached US$5.985 trillion in 2024, …

Federal Shariah Court declares interest-based practices incompatible as Islamic banking assets grown dramatically Islamic finance, founded on Shariah principles, began to take shape in the modern era roughly eight to nine decades ago. Its global prominence surged after the oil boom of the 1970s in the Middle East, when newly accumulated wealth sought financial systems aligned with Islamic values. One …

Pakistan’s leading digital microfinance bank, Mobilink Bank has announced its financial results for the year ended December 31, 2025. The bank delivered strong growth across key financial and operational indicators while reinforcing its leadership position in Pakistan’s microfinance banking sector. Mobilink Bank delivered a strong financial turnaround in 2025, with Profit Before Tax reaching PKR 3.62 billion, reflecting a 217% …

The UAE has established itself as the global leader in Islamic banking, fintech, Takaful, and capital markets, positioning the country at the forefront of Shariah-compliant finance. The UAE leadership in these sectors is a result of strategic foresight, regulatory excellence, and technological innovation, making the nation the global hub for Islamic financial solutions. As of 2026, UAE Islamic banking assets …