TO BANKISLAMI PAKISTAN LIMITED CE

BANKISLAMI PAKISTAN LIMITED Company Introduction

BankIslami Pakistan Limited is a licensed commercial bank operating in Pakistan, dedicated to providing Shariah-compliant financial products and services. Established in 2005, it was the first Islamic bank to commence operations in Pakistan with a focus on retail banking. The bank offers a comprehensive range of Islamic banking solutions, including current accounts, savings accounts, financing facilities (such as Murabaha, Ijarah, and Diminishing Musharakah), debit cards, mobile banking, internet banking, and other financial services for individuals, small and medium-sized enterprises (SMEs), and corporate clients. Its operations are guided by Islamic principles, ensuring all transactions are free from interest (Riba) and other non-compliant elements. BankIslami aims to contribute to the economic development of Pakistan by offering ethical and responsible financial alternatives.

Nature of Business:

BankIslami Pakistan Limited is neither a factory nor a trader. It is a financial services provider, specifically an Islamic commercial bank.

BankIslami Pakistan Limited offers or sells the following financial products and services:

1. Retail Banking Products

1. Current Accounts

2. Savings Accounts (Mudarabah based)

3. Term Deposit Accounts (Mudarabah based)

4. Islamic Home Financing (Ijara, Diminishing Musharakah)

5. Islamic Auto Financing (Ijara)

6. Personal Financing (Murabaha, Tawarruq)

7. Debit Cards (PayPak, Visa)

8. Islamic Credit Cards

9. Mobile Banking Services

10. Internet Banking Services

11. ATM Services

12. Local and International Remittance Services

2. Corporate and Investment Banking Products

1. Corporate Current Accounts

2. Trade Finance Services (Import Murabaha, Export Wakala)

3. Working Capital Financing (Murabaha, Musharakah)

4. Project Financing

5. Syndicated Financing

3. Treasury Products

1. Interbank Placements

2. Investments in Government Islamic Securities (Sukuk)

4. Bancassurance Products

1. Takaful (Islamic Insurance) products