BankIslami Pakistan

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BankIslami Pakistan Limited
Type Public (KSEBIPL)
Industry Islamic banking
Founded April 7, 2006 (2006-04-07)
Headquarters Principal Office, Karachi Pakistan
Key people Hasan A Bilgrami (CEO)
Products Retail Banking, Consumer Banking, Investment Banking, Trade Financing etc.
Revenue IncreasePKR 3,806.209 Million - 2010[1]
Net income IncreasePKR 46.550 Million - 2010
Employees 1,347 as on 31 Dec, 2010[1]

BankIslami Pakistan Limited (“BankIslami”) is located in Karachi, Sindh, Pakistan. BankIslami Pakistan Limited was the first Islamic Commercial Bank to receive the Islamic banking license under the Islamic banking policy of 2003 from State Bank of Pakistan on March 31, 2005. The Bank started its operations from April 7, 2006 and offers shariah compliant retail banking, investment banking, consumer banking and trade finance products. The Bank intends to focus on Wealth Management as the core area of business and plans to soon launch Proprietary products, and Integrated financial planning services.

The Bank has a nationwide presence, its branch network consists of 201 branches & sub branches spread over 75 cites of Pakistan.

Sponsors[edit]

BankIslami is the Joint venture project of three groups namely Jahangir Siddiqui & Co. Pakistan, Randeree family, & Dubai Bank. The Bank is also publicly traded on the Karachi Stock Exchange.

Credit rating[edit]

The Bank is assigned a long term entity of 'A' and short term rating of 'A-1' by Pakistan Credit Rating Agency Limited (PACRA), reflecting BankIslami's well conceived business strategy and establishment of effective operating platform by the Bank to execute the business strategy.

Brand image[edit]

BankIslami has been able to build a strong image by using smart marketing ideas that resonate well with the public mind. For example, the calligraphy of the Bank's name in Urdu have been done by the same calligrapher Shafiq uz Zaman who has been working in the Holy Mosque of Medina in Saudi Arabia.

See also[edit]

References[edit]

  1. ^ a b [1]

External links[edit]