Burj / Albaraka Bank is the country one complete banking operating under Islamic Banking head. It is the sixth bank in terms of number to be offering shariah based services in the country. Al Baraka Bank was originally called the Dawood Islamic Bank Limited (DIBL) which started off in April 2007 after getting its license from the State Bank in May 2006.
It was in 2011 that the name of the bank was changed to Burj Bank Ltd. The bank’s shariah advisor is Mufti Munib-ur-Rehman, heading the Shariah Department of Burj Bank. There are 75 online branches of the bank currently. As of 2014, the bank had a total net income of PKR 292.63 million.
Coming to the products and services which the bank offers, it has both funded and non-funded ones for individual as well as for corporate clients to suit their needs. Further, the investment and corporate services are availed by customers further advancing the bank’s reach.
Mr. Ahmed Khizer Khan is currently the CEO of the bank.
The bank is to merge with Al Baraka Pakistan from 1st November, 2016. This will eventually help the bank to have exceeding branches spread over 100 cities of Pakistan.
Products & Services
- Deposit Products
- Takaful Products
- Financing Products
- Fund Based Products
- Non-Fund Based Products
- Trade Finance
- Cash Management
- Trade Centre, I.I. Chundrigar Road, Karachi-74000, Pakistan
- Burj Phone Banking (Toll free): 0800-00343