ALBARAKA BANK PAKISTAN LIMITED

ALBARAKA BANK PAKISTAN LIMITED is neither a factory nor a trader. It is a financial institution, specifically an Islamic bank.

Company Introduction:

ALBARAKA BANK PAKISTAN LIMITED (ABPL) is a prominent Islamic bank operating in Pakistan. It was established in October 2010 through the merger of Al Baraka Islamic Bank B.S.C. (E.C.) Pakistan Operations, Emirates Global Islamic Bank (Pakistan), and the branch operations of Union National Bank.

As a subsidiary of the Al Baraka Banking Group B.S.C. (ABG), Bahrain, which is one of the world's largest Islamic banking groups, ABPL operates strictly under Shariah principles. The bank provides a comprehensive range of Shariah-compliant financial products and services to its diverse customer base, including retail, corporate, and small and medium-sized enterprise (SME) clients. Its offerings include current and savings accounts, various financing facilities, trade finance, treasury services, and investment products, all designed to meet modern banking needs in accordance with Islamic finance ethics. ABPL maintains an extensive network of branches across Pakistan, dedicated to delivering ethical and innovative banking solutions.

Products and Services:

Retail Banking

Savings Accounts (Sharia-compliant)

Current Accounts (Sharia-compliant)

Term Deposit Accounts (Sharia-compliant)

Auto Finance (Sharia-compliant, e.g., Murabaha or Ijarah based)

Home Finance (Sharia-compliant, e.g., Diminishing Musharakah)

Personal Finance (Sharia-compliant)

Debit Cards

Remittance Services (Local and International)

Mobile Banking

Internet Banking

Locker Facilities

Corporate and Institutional Banking

Corporate Financing (Sharia-compliant structures for working capital, project finance, etc.)

Trade Finance (Sharia-compliant import and export financing, Letters of Credit, Guarantees)

Cash Management Services

Treasury Services (Foreign Exchange, Money Market operations)

SME Banking

Business Accounts

SME Financing (Sharia-compliant solutions for small and medium enterprises)

Wealth Management

Sharia-compliant Investment Products

Advisory Services