ALBARAKA BANK PAKISTAN LIMIT

Albaraka Bank Pakistan Limited Corporate Introduction

Albaraka Bank Pakistan Limited is a prominent Islamic financial institution operating in Pakistan. It was established in 2010 through the merger of Albaraka Islamic Bank BSC, Emirates Global Islamic Bank, and some operations of Burj Bank. The bank is part of the Al Baraka Banking Group, a Bahraini joint stock company licensed as an Islamic wholesale bank by the Central Bank of Bahrain.

Albaraka Bank Pakistan provides a wide range of Shariah-compliant banking products and services to its customers, including corporate banking, retail banking, investment banking, and treasury services. Its offerings include current and savings accounts, financing facilities (murabaha, ijara, musharaka), trade finance, and various other Islamic financial solutions tailored for individuals, small and medium enterprises (SMEs), and large corporations. The bank operates through an extensive network of branches across Pakistan, aiming to contribute to the economic development of the country while adhering to Islamic principles.

It is a financial institution, not a factory or a trading company.

Al Baraka Bank Pakistan Limited offers the following products and services:

Retail Banking Products and Services:

Current Accounts

Savings Accounts

Mudarabah Savings Accounts

Wakalah Term Deposit Accounts

Home Financing

Auto Financing

Personal Financing

Debit Cards

Internet Banking

Mobile Banking

ATM Services

Bancassurance

Remittance Services

Business and Corporate Banking Products and Services:

Business Current Accounts

Business Savings Accounts

Term Deposit Accounts for Businesses

SME Financing

Corporate Financing

Trade Finance (Import and Export Letters of Credit, Guarantees, Bills Discounting)

Cash Management Services

Treasury Services

Foreign Exchange Services