Bank Al Habib

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For other places with similar names, see Habib Bank (disambiguation).
Bank AL Habib Limited
Industry Banking,
Capital Markets,
Investment Banking
Founded 1991
Headquarters Multan & Karachi, Pakistan
Key people
Abbas D. Habib
Products Loans, credit cards, Savings, Consumer Banking etc.
Revenue Increase PKR 14,261.4 million (2013)[1]
IncreasePKR 5,154 million (2013)[1]
Number of employees

The Bank AL Habib Limited, in Pakistan, is run by the Dawood Habib family group of companies. The bank's head office is located in the city of Multan in Punjab, but its principal office is located in Karachi. Presently, the bank has a network of 505 branches (inclusive of sub branches) and offshore banking units in Bahrain, Turkey and EPZ. Habib Group's involvement in banking services dates back to 1930s. They launched HBL Pakistan, which was nationalized in 1971 and is still one of the largest banks in Pakistan; since 2002 it has been jointly owned by the government and the Aga Khan Fund for Economic Development. After the privatization scheme announced in 1991 by the Pakistani Government, Habib Group were the first to be granted permission to start a private bank, the Bank AL Habib Limited.


The original Habib Bank began modestly in Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees. Impressed by its initial performance, Quaid-e-Azam Mohammed ali jinnah asked the Habib Bank to move its operations to Karachi after the independence of Pakistan. It was nationalized in 1974.

Under the privatization policy of Government of Pakistan, the Dawood Habib Group was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. (Late) Hamid D. Habib, grandson of the founder a Habib Group, was the first Chairman of Bank AL Habib Limited. He was a Director in Habib Bank Limited from 1954 and its Chairman from 1971 until nationalization. After the death of Hamid D. Habib in May 2000, Ali Raza D. Habib, who was Director on the Board, was appointed the Chairman of the Bank.

(Late) Rashid D. Habib, who was the Managing Director of Habib Bank Limited from 1953 till its nationalization, was appointed as the Managing Director & Chief Executive of Bank AL Habib Limited until he expired in 1994. After his death, Abbas D. Habib who was the Joint Managing Director and closely associated with the bank since its inception 1991, was appointed as the Managing Director and Chief Executive of the Bank. In 2016, he was appointed as Chairman.

In 2005, Bank AL Habib began offering internet banking, with accounts and records visible online. In 2006, Bank AL Habib became partners with MasterCard, allowing them to issue credit cards for the first time.


The bank maintains correspondent relations with American Express Bank, USA; Banco di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; and The Hongkong and Shanghai Banking Corporation, Hong Kong.

The bank follows the internet banking code NetBanking and security is entrusted by Verisign. This was launched with a contract made with TPS Pakistan. The bank supports the MNET Switch as a result of MoU signed between MNET and 1-Link.

Bank AL Habib is one of the eleven partners of 1-Link system, an inter-bank ATM sharing system which allows customers to transact on ATM of any partner bank. Bank AL Habib is the third largest ATM service provider in Pakistan,[citation needed] having 196 ATMs while having the largest number of ATMs in the city of Karachi.

In affiliation with the Arab Financial Services, the bank offers two types of MasterCard.

The bank has a major ownership stake in AL Habib Capital Markets (Pvt) Ltd, a brokerage house working under the logo of Bank AL Habib..

Executive leadership[edit]

  • Abbas D. Habib, Chairman
  • Mansoor Ali Khan, CEO
  • Qumail R. Habib, Executive Director

Former Chairmen and Chief Executives of Bank AL Habib Limited include: Hamid D. Habib, Chairman (till 2000), Rashid D. Habib, CEO & Managing Director (till 1994) and Ali Reza D. Habib, Chairman (till 2016).


Karachi Main Branch at night

The bank has a network of 401 branches (inclusive of sub-branches) and three offshore banking units in Bahrain, Turkey and EPZ.



  • Manama: one branch which acts as an offshore banking unit


The bank was selected as one of the top 200 Best Under A Billion companies by Forbes Asia in their annual review of 2005.

The Asian Banker "Strongest Bank Balance Sheet in Pakistan, 2013".

Advertising and sponsorship[edit]

Bank AL Habib has sponsored:

  • "Role of Women in Nation Building" seminar held on 10–12 November 2005 at Bahauddin Zakriya University, Multan
  • "Hamid D. Habib and Rashid D. Habib Memorial Golf Tournament" held annually at Karachi Golf Club
  • "International Central Bankers Training" event for banking personnel from various Asian, Arab, and African countries
  • "Bank Al Habib Prize" for high marks in the Institute of Bankers Pakistan examinations


External links[edit]