This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "BankIslami" – news · newspapers · books · scholar · JSTOR(October 2022) (Learn how and when to remove this template message)
Bank Islami Pakistan
Company type
Public (PSX: BIPL)
Industry
Islamic banking
Founded
7 April 2006; 18 years ago (2006-04-07)
Headquarters
Karachi, Pakistan
Products
Retail banking
consumer banking
investment banking
trade financing
Revenue
Rs. 3.39 billion (US$12 million)[1] (2021)
Net income
Rs. 2.06 billion (US$7.1 million)[1] (2021)
Total assets
Rs. 408 billion (US$1.4 billion)[1] (2021)
Number of employees
4,046[1] (2021)
Parent
Jahangir Siddiqui & Co. (21.26%)
Website
bankislami.com.pk
BankIslami Pakistan LTD. (بینک اسلامی پاکستان لمیٹڈ) is a Pakistani Islamic bank based in Karachi, Pakistan.[2] It has 400+ branches in 150 cities in Pakistan. It is the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from the State Bank of Pakistan on March 31, 2005. The bank started its operations on 7 April 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. With the amalgamation of KASB on May 7, 2015, all 104 branches of KASB have become part of BankIslami’s branch network. BankIslami is now the 11th largest banking network in the country. The idea of BankIslami was conceptualized by Jahangir Siddiqui & Company Limited and Randeree family in late 2003. Mr. Hasan A. Bilgram I. was appointed as adviser to the sponsors on 16 March 2004 to formalize the idea. He presented the concept paper of BankIslami to sponsors on 24 March 2004. A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on 26 May 2004. On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital.
^ abcd"Archived copy" (PDF). Retrieved 21 March 2022.
^"BankIslami's North Korean entanglement featuring Seth Rogen and the English Premier League". Profit by Pakistan Today. 19 September 2021.
BankIslami Pakistan LTD. (بینک اسلامی پاکستان لمیٹڈ) is a Pakistani Islamic bank based in Karachi, Pakistan. It has 400+ branches in 150 cities in Pakistan...
Global IslamiBank, former known as NRB Global Bank, is a fourth generation Bangladeshi sharia compliant private bank. Nizam Chowdhury is the chairperson...
Social IslamiBank PLC (SIBPLC; Bengali: সোশ্যাল ইসলামী ব্যাংক পিএলসি) is a Shari'ah based islamibank in Bangladesh. It was established on 22 November...
Shahjalal IslamiBank Limited (SJIBL) is a sharia compliant private sector commercial bank headquartered in Dhaka, Bangladesh. The Bank was incorporated...
On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares of BankIslami Pakistan Limited to JS Bank Limited. Currently, more than 9,000...
First Security IslamiBank PLC (Bengali: ফার্স্ট সিকিউরিটি ইসলামী ব্যাংক পিএলসি) is a public limited bank in Bangladesh which was founded on 29 August...
complaints against the Bank of Punjab and its staff Asia Money, Pakistan: Bank of Punjab makes a national splash HBL, BoP, BankIslami, U Bank ranked highest...
Bank Al Habib Limited (بینک الحبیب لمٹیڈ) is a Pakistani commercial bank owned by the Dawood Habib Family and is based in Karachi, Pakistan. It is one...
Bank Alfalah Limited, formerly Habib Credit and Exchange Bank, (بینک الفلاح لمیٹڈ) is a Pakistani retail bank that is a subsidiary of the Emirati company...
Bank. It was renamed to Allied Bank of Pakistan, from Australasia Bank Limited in 1974, and Sarhad Bank Ltd, Lahore Commercial Bank Ltd and Pak Bank Ltd...
Meezan Bank (Urdu: میزان بینک) is Pakistan's first Islamic bank, which began its operations in 2002 after obtaining the inaugural Islamic commercial banking...
Khushhali Bank Limited is the first microfinance bank which is based in Islamabad, Pakistan. It was founded in 2000. It was a part of the Government of...
MCB Bank Limited (ایم سی بی بینک لمیٹڈ) is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares...
Habib Metropolitan Bank, (حبیب میٹروپولیٹن بینک) commonly known as HABIBMETRO, is a Pakistani subsidiary of Swiss bank Habib Bank AG Zurich. It is based...
United Bank Limited (UBL) (یونائیٹڈ بینک لمیٹڈ) is a Pakistani multinational commercial bank which is based in Karachi, Pakistan. For the year 2020, UBL...
The Bank of Khyber is a provincial government bank owned by Government of Khyber Pakhtunkhwa and based in Peshawar, Pakistan, with 216 branches all over...
National Bank of Pakistan, abbreviated as NBP (Urdu: نیشنل بینک آف پاکستان) is a Pakistani government-owned multinational commercial bank which is a subsidiary...
Habib Bank Limited (Urdu: حبیب بینک محدود) abbreviated as HBL, is a Pakistani multinational bank based at Habib Bank Plaza, Karachi, Pakistan. Established...
and media (Play TV). On 7 May 2015, the bank merged with BankIslami due to financial difficulties. "Kasb Bank Limited (Islamabad) Company Profile - Pakistan...
Bank Makramah Limited (Urdu: بینک مکرمہ لمیٹڈ), formerly Summit Bank, is a Pakistani Islamic bank, which is a subsidiary of Suroor Investment, an investment...
State Bank of Pakistan (SBP) (Urdu: بینک دَولتِ پاکِستان) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of...
Faysal Bank Limited is a Pakistani Islamic bank, a subsidiary of KSA Holdings, the ultimate parent of bank is KSA Holdings and Ithmaar Bank, based in Karachi...
subsidiary of British multinational bank Standard Chartered. It is Pakistan's oldest and largest foreign commercial bank. Standard Chartered Pakistan currently...
interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. The banks used it as a benchmark...
The Sindh Bank Limited (Urdu: سندھ بینک لمیٹڈ) is a Pakistani scheduled bank headquartered in Karachi. It has over 331 branches in 169 cities. It was set...
Global Information
Rs. 3.39 billion (US$12 million)[1] (2021)