BankIslami Pakistan

Intro

It is the first bank to have started offering shariah compliant services to customers. Its Islamic banking services were the first to have rolled out in 2005 when it received the license from State Bank of Pakistan for the Islamic banking policy of 2003. The operations were started by the bank in April 2006. Currently the bank is known for offering trade finance products, investment banking, retail banking and consumer banking. It recognizes wealth management as one of its core banking areas and for it the bank will launch financial planning services and proprietary products.

With over 213 branches spread all over Pakistan, BankIslami is now the 11th largest network of banking. Since its amalgamation with KASB in 2015, the bank has ever grown. Its headquarters are in Karachi and the current CEO is Hasan A Bilgrami. It had a revenue of Rs. 7,812 Million in 2014 whereas the net income of the bank was Rs. 314 Million.

PACRA – Pakistan Credit Rating Agency Limited has rated the bank for long term entity as A and a short term entity rating as A-1 which reflects the companys exceptional business strategy as well as operations to execute it.

Products & Services

Consumer Banking

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Investment Banking

  • Advisory
  • Private Placement
  • Sukuk Arrangement
  • Syndication
  • Underwriting
  • Trusteeship
  • Structured Finance
  • Listing on Capital Markets
  • Project Financing
  • Mergers & Acquisitions

Value Added Services

  • SMS Alert Plus
  • Online Banking
  • Inter Bank Fund Transfer
  • Internet Banking
  • Visa / Debit Card
  • Biometric ATM
  • 24/7 Phone Banking
  • eStatement
  • Self Service Phone Banking
  • Lockers

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Retail Banking

  • Islami Current Account
  • Islami Foreign Currency Account
  • Islami Bachat Account
  • Islami Dollar Bachat Account
  • Islami Mahana Munafa Account
  • Islami Amadni Certificate
  • Islami Sahulat Account
  • Islami Asaan Account
  • Rates & Weightages

SME Banking & Financing

  • SME Banking & Financing

Banca Takaful

  • Consumer Takaful

Foreign Exchanges & Remittances

  • Home Remittance
  • Foreign Exchange Services

Corporate Banking

  • Account Services
  • Trade Services
  • Working Capital Finance
  • Project Finance
  • Musharakha Financing
  • Mudarabah Financing