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BankIslami

Bank Islami Pakistan
Company typePublic
PSXBIPL
KSE 100 component
IndustryIslamic banking
Founded7 April 2006; 18 years ago (2006-04-07)
HeadquartersKarachi, Pakistan
Products
  • Retail banking
  • consumer banking
  • investment banking
  • trade financing
RevenueIncrease Rs. 3.39 billion (US$12 million)[1] (2021)
Increase Rs. 2.06 billion (US$7.1 million)[1] (2021)
Total assetsIncrease Rs. 408 billion (US$1.4 billion)[1] (2021)
OwnerJahangir Siddiqui & Co. (53.49%)
Number of employees
4,046[1] (2021)
ParentJahangir Siddiqui & Co.
Websitebankislami.com.pk

BankIslami Pakistan Limited (Urdu pronunciation: [bɛŋk ɪs.ˈlaː.mi] bank-is-LAH-mee) is a Pakistani Islamic bank based in Karachi.[2]

History

BankIslami was founded on March 31, 2005. On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital. The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products.

In May 2015, KASB Bank was acquired by BankIslami and later its branches were merged into BankIslami.[3]

BankIslami made an initial public offering in March 2006.[4]

References

  1. ^ a b c d "Archived copy" (PDF). Retrieved 21 March 2022.
  2. ^ "BankIslami's North Korean entanglement featuring Seth Rogen and the English Premier League". Profit by Pakistan Today. 19 September 2021.
  3. ^ Rizwan Bhatti (29 April 2015). "SBP proposes amalgamation of KASB into BankIslami". Business Recorder. Karachi. Retrieved 10 July 2018.
  4. ^ "Up to 25 percent of Pakistani banking system to be Islamic in 5 years: Bilgrami". Brecorder. 24 May 2006. Retrieved 3 September 2024.

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