AL BARAKA LTD

Company Type: Financial Institution (Neither a factory nor a trading company in the traditional sense.)

Company Introduction:

Al Baraka Bank (Pakistan) Limited is a prominent Islamic financial institution operating in Pakistan. It was established through a significant merger in 2016, combining Al Baraka Islamic Bank B.S.C. (E.C.), Emirates Global Islamic Bank, and Burj Bank Limited, thereby creating one of the largest Shariah-compliant banking entities in the country. The bank is a subsidiary of Al Baraka Group B.S.C., a leading international Islamic banking group headquartered in Bahrain.

Al Baraka Bank (Pakistan) Limited offers a comprehensive suite of Shariah-compliant banking products and services tailored for its diverse clientele, encompassing retail, corporate, and investment banking segments. Its service portfolio includes current and savings accounts, various financing facilities for trade, project, and working capital, home finance, auto finance, and treasury services, all structured in strict adherence to Islamic principles.

The institution is dedicated to providing ethical and socially responsible financial solutions, contributing to the economic growth and development of Pakistan. It operates through an extensive network of branches across major cities, aiming to deliver innovative and customer-centric Islamic banking services while upholding the highest standards of Shariah compliance and corporate governance.

Al Baraka Bank (Pakistan) Limited offers a range of Shariah-compliant financial products and services. These include various types of deposit accounts such as Current Accounts, Savings Accounts, and Term Deposits. The bank provides financing facilities like Murabaha, Ijarah, Musharakah, Salam, and Istisna for individuals and businesses. Other services encompass trade finance solutions including Letters of Credit and Guarantees, as well as treasury products, remittance services, ATM facilities, online banking, and mobile banking applications. The bank also issues debit cards to its customers.