BankIslami Pakistan Limited has announced major leadership changes, appointing Shahid Hussain Jatoi as chairman of its Board of Directors and naming Imran Haleem Shaikh as its incoming president and chief executive officer.
The newly elected board made the decisions at its first meeting on August 10, according to disclosures submitted to the Pakistan Stock Exchange. Jatoi will serve as chairman for a three-year term starting immediately.
“We wish to inform you that the newly elected Board of Directors of the bank, at its first meeting held on August 10, 2026, appointed Shahid Hussain Jatoi as Chairman of the Board, effective August 10, 2026, for a term of three years,” the bank said in its PSX notice.
Jatoi takes charge of BankIslami board
Jatoi brings extensive experience in law, taxation and public administration to the role.
BankIslami says he holds an LLB degree from the University of Karachi. He spent more than 35 years serving in key Government of Pakistan institutions.
His career includes senior positions at the Federal Board of Revenue and the Ministry of Finance and Revenue. He also worked with the Ministry of Production, Establishment Division, Overseas Pakistanis Division and Federal Investigation Agency.
BankIslami trades on the Pakistan Stock Exchange under the symbol BIPL.
Rizwan Ata to complete current term
The board also confirmed that Rizwan Ata will remain president and CEO until his existing three-year term ends on September 28, 2026.
“The Board recognised and appreciated the efforts of Rizwan Ata,” BankIslami said in a separate notice.
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Ata has led the bank during his current term while Imran Haleem Shaikh has served as deputy CEO. BankIslami’s recent corporate disclosures and financial reports identify Shaikh in that senior management position.
The planned succession gives the bank a transition period of several weeks before the new chief executive takes office.
Imran Shaikh set to become president and CEO
The board appointed Shaikh as incoming president and CEO for a three-year term beginning September 29, 2026. His appointment still requires approval from the State Bank of Pakistan.
“The appointment of Imran Haleem Shaikh is subject to the requisite regulatory clearance from the State Bank of Pakistan (SBP),” the bank said.
BankIslami incorporated as a public limited company in Pakistan in 2004. Jahangir Siddiqui & Company Limited and the Randaree family founded the institution, while Dubai Bank joined as a founding shareholder in 2005.
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The State Bank granted BankIslami a licence under Pakistan’s Islamic banking framework. The institution formally started banking operations on April 7, 2006.
The latest appointments therefore mark an important leadership transition as the bank enters its third decade of operations.
Jatoi takes control of the board immediately, while Ata will continue running the institution until late September. Shaikh will then assume executive leadership, provided he receives the required SBP clearance.
