TO ALBARAKA BANK

Type of Business: Financial Services (Islamic Banking)

Introduction:

Al Baraka Bank (Pakistan) Limited is a leading Islamic financial institution operating in Pakistan. It is a subsidiary of Al Baraka Banking Group B.S.C., a multinational Islamic banking group headquartered in Bahrain, with a significant presence across various countries.

The bank provides a comprehensive range of Sharia-compliant financial products and services to its diverse customer base, which includes individuals, corporations, and small and medium-sized enterprises (SMEs). These services encompass deposit accounts, various financing options (such as Murabaha, Ijarah, Musharaka, and Mudaraba), trade finance, treasury services, and other banking facilities, all structured in adherence to Islamic principles.

Al Baraka Bank (Pakistan) Limited is committed to offering ethical and responsible banking solutions, contributing to the growth and development of the Islamic finance industry in Pakistan.

Regarding your query: Al Baraka Bank (Pakistan) Limited is neither a factory nor a trader. It is a financial services provider.

Al Baraka Bank Pakistan offers a range of Shariah-compliant financial products and services. These include:

Retail Banking Products:

Savings Accounts (including Al Baraka Savings Account, Premium Savings Account, Youth Account, Senior Citizen Account, Women's Account)

Current Accounts (Al Baraka Current Account)

Term Deposit Accounts (Mudarabah Term Deposit, Wakala Term Deposit)

Auto Financing (Al Baraka Auto Ijarah)

Home Financing (Al Baraka Home Musharakah, Al Baraka Home Ijarah)

Personal Financing (often for goods/services through Murabaha or Ijarah)

Debit Cards (Mastercard)

Mobile Banking Application

Internet Banking Services

SMS Alert Services

ATM Network Access

Local and International Remittance Services

Locker Facilities

Corporate and Investment Banking Products:

Working Capital Financing (Murabaha, Musharakah, Wakala)

Project Financing

Term Financing

Trade Finance (Letters of Credit, Guarantees)

Treasury Services (Foreign Exchange, Interbank Placements)