BANK OF KHYBAR ISLAMIC BANKING

The Bank of Khyber (BOK) Islamic Banking

The Bank of Khyber (BOK) is a provincial government-owned commercial bank in Pakistan, established in 1991 under the Bank of Khyber Act, 1991. Its Islamic Banking Division operates as a dedicated segment offering Shariah-compliant financial products and services to its customers.

Regarding your question about whether it is a factory or a trading company:

The Bank of Khyber Islamic Banking is neither a factory nor a trading company. It is a financial institution. Its core business involves providing banking and financial services, such as accepting deposits, extending various forms of financing (loans) based on Islamic principles, facilitating trade finance, and offering other Shariah-compliant financial solutions to individuals, businesses, and corporations. It does not manufacture physical goods (like a factory) nor does it engage in the physical buying and selling of goods for profit (like a trading company).

The Bank of Khyber is headquartered in Peshawar, Khyber Pakhtunkhwa, Pakistan. It aims to contribute to the economic development of the region by providing accessible and ethical financial services. Its Islamic Banking segment specifically caters to the increasing demand for banking solutions that adhere to Islamic ethical and legal frameworks.

Bank of Khyber Islamic Banking offers a variety of Shariah compliant products and services.

Retail Banking Products:

Deposit Accounts:

BOK Islamic Current Account

BOK Islamic Savings Account (Mudarabah)

BOK Islamic Term Deposit Account (Mudarabah)

BOK Islamic Children Account

BOK Islamic Senior Citizen Account

BOK Islamic Asaan Account

BOK Islamic Asaan Remittance Account

Financing Products:

BOK Islamic Auto Financing (Murabaha)

BOK Islamic Home Financing (Diminishing Musharakah)

BOK Islamic Personal Financing (typically based on Murabaha for specific goods or services)

Other Retail Services:

ATM Debit Cards

Online Banking

Mobile Banking

Locker Facility

Utility Bill Payments

Remittance Services

Pay Orders and Demand Drafts

Corporate and Commercial Banking Products:

Deposit Accounts:

BOK Islamic Current Account for Businesses

BOK Islamic Savings Account for Businesses

BOK Islamic Term Deposit Account for Businesses

Financing Products:

Murabaha Finance (for working capital, trade finance, asset acquisition)

Musharakah Finance (for project financing, partnerships)

Ijarah Finance (for equipment leasing, vehicle leasing)

Istisna Finance (for manufacturing, construction projects)

Salam Finance (for agricultural products, future goods)

Islamic Trade Finance (including Islamic Letters of Credit, Islamic Guarantees)