AL BARAKA BANK PAKISTAN

AL BARAKA BANK PAKISTAN

Company Introduction:

Al Baraka Bank Pakistan Limited is a licensed Islamic commercial bank operating in Pakistan. It is a subsidiary of Al Baraka Banking Group B.S.C., an international Islamic banking group based in Bahrain. The bank provides a wide range of Shariah-compliant financial products and services to individuals, small and medium-sized enterprises (SMEs), and corporate clients. These services include financing, deposits, trade finance, and treasury services, all structured according to Islamic principles.

Nature of Business:

Al Baraka Bank Pakistan is a financial institution. It is neither a factory (manufacturing goods) nor a trader (buying and selling physical goods). Its core business involves providing banking and financial services.

AL BARAKA BANK PAKISTAN offers a range of Sharia-compliant financial products and services. These typically include:

Retail Banking Products:

Savings Accounts

Current Accounts

Fixed Term Deposits (Term Deposit Accounts)

Youth Accounts

Women Specific Accounts

Personal Finance (Murabaha-based)

Auto Finance (Ijarah-based)

Home Finance (Diminishing Musharakah-based)

Debit Cards

Credit Cards (Tawarruq or Ujrah-based)

Internet Banking

Mobile Banking

ATM Services

Corporate and Commercial Banking Products:

Corporate Current Accounts

Business Accounts

Trade Finance Services (Import Letters of Credit, Export Letters of Credit, Guarantees, Bills Discounting - Islamic alternatives)

Working Capital Finance (Murabaha, Musharakah)

Project Finance

Syndicated Finance

Treasury Services

Cash Management Services

Employee Banking Solutions

Islamic Investment Products:

Mudarabah based Deposits

Musharakah based Investment Certificates

Sukuk

Other Services:

Remittance Services

Lockers

Utility Bill Payments