AL BARAKA ANK PAKISTAN PVT LTD

Company Type: Financial Institution (Bank). It is neither a factory nor a trading company.

Company Introduction:

Al Baraka Bank (Pakistan) Limited is a prominent Islamic financial institution operating across Pakistan. It functions as a subsidiary of Al Baraka Banking Group (ABG), an international Islamic banking group based in Bahrain, with a significant presence in multiple countries.

The establishment of Al Baraka Bank (Pakistan) Limited involved a series of strategic mergers. Its foundation traces back to the merger of the Pakistan operations of Al Baraka Islamic Bank B.S.C. (Bahrain) with Emirates Global Islamic Bank in 2010. This was further solidified in 2016 through its merger with Burj Bank Limited, which considerably expanded its national footprint and operational capabilities within the Pakistani banking sector.

The bank is dedicated to providing a comprehensive array of Shariah-compliant financial products and services. These offerings cater to various segments and include:

Retail Banking: Personal accounts, financing, and debit cards.

Corporate Banking: Solutions for businesses, including financing and cash management.

Investment Banking: Advisory and investment services.

Treasury Services: Management of funds and financial instruments.

Trade Finance: Facilitating international and domestic trade transactions.

Small and Medium Enterprise (SME) Financing: Financial support for small and medium-sized businesses.

Consumer Finance: Products like auto finance and home finance.

With an extensive network of branches strategically located throughout Pakistan, Al Baraka Bank (Pakistan) Limited is committed to delivering ethical, transparent, and responsible financial solutions. Its operations strictly adhere to Islamic principles, aiming to serve a diverse customer base with products that align with Shariah law.

Here are some of the products that AL BARAKA BANK PAKISTAN LTD. produces or sells:

* **Islamic Banking Products:**

* Current Accounts

* Savings Accounts

* Term Deposits

* **Financing Products:**

* Murabaha Financing

* Ijarah Financing

* Diminishing Musharaka Financing

* **Trade Finance Products:**

* Letters of Credit

* Import/Export Financing

* **Other Services:**

* ATM Services

* Online Banking

* Mobile Banking

* Remittance Services