AL BARAKA BANK PAK LTD

AL BARAKA BANK (PAKISTAN) LIMITED

Company Introduction:

AL BARAKA BANK (PAKISTAN) LIMITED is a prominent Islamic financial institution operating in Pakistan. It is a subsidiary of the Al Baraka Banking Group (B.S.C.), a Bahrain-based leading international Islamic banking group with a wide presence across the Middle East, Africa, and Asia. The bank offers a comprehensive range of Shariah-compliant financial products and services to its customers, catering to retail, corporate, and investment banking segments. Its offerings include current and savings accounts, financing facilities, trade finance solutions, treasury services, and investment products, all designed in accordance with Islamic principles. The bank has grown through strategic mergers, including the merger with Emirates Global Islamic Bank (Pakistan) and later with Burj Bank Limited, strengthening its market position and branch network across Pakistan. It is committed to providing ethical and responsible banking solutions while contributing to the economic development of the country.

Nature of Business:

AL BARAKA BANK (PAKISTAN) LIMITED is a financial institution and a service provider. It is neither a factory nor a trader. It operates within the banking sector, offering financial services rather than manufacturing goods or engaging in commodity trading.

AL BARAKA BANK PAK LTD offers or sells the following products and services:

Retail Banking

- Current Accounts

- Savings Accounts

- Term Deposit Accounts (e.g., Al Baraka Mahana Amdan Account, Al Baraka Rozana Munafa Account)

- Islamic Auto Finance (Ijarah)

- Islamic Home Finance (Diminishing Musharakah)

- Personal Finance (Murabaha)

- Debit Cards

- Internet Banking

- Mobile Banking

- ATM Services

- Remittance Services

- Bancassurance

Corporate and Investment Banking

- Corporate Finance (e.g., Project Finance, Working Capital Finance, Term Finance)

- Trade Finance (e.g., Letters of Credit, Guarantees)

- Cash Management Solutions

- Treasury Products

- Investment Banking Advisory

SME Banking

- Tailored financing and banking solutions for Small and Medium Enterprises

Digital Banking

- Online banking platforms

- Mobile banking applications