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Many Islamic Banks are working in Pakistan.The list of banks is given below: Meezan Bank Limited; Soneri Mustaqeem Islamic Bank; Dubai Islamic Bank; Al Baraka Bank (Pakistan) Limited - Al Baraka Bank
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] KASB Bank was formerly known as Platinum Commercial Bank. [4]
Meezan Bank was founded as an Islamic investment bank in 1997 by Noor Financial, Pak Kuwait Investment Company, and Islamic Development Bank. [5] It was then known as Al-Meezan Investment Bank. [6] In 2000, Meezan Bank was listed on the Karachi Stock Exchange. [7] In 2002, Meezan Bank acquired Pakistan operations of Société Générale. [8]
Later in 2010, Arif Habib Bank Ltd. was rebranded under the name of Summit Bank Ltd. [9] Suroor Investments Ltd. acquired the majority shares of Atlas Bank Ltd. and MyBank Ltd. [10] and these banks were later on came under the umbrella of Summit Bank Ltd., [11] increasing the network of the bank to over 193 branches in the country.
By 2014 the Islamic Banking network had grown to 34 branches. [10] This was in addition to and separate from bank's 1,100 conventional banking branches. [10] In 2015, given the potential of Islamic Banking business, the bank proceeded to establish an independent but wholly owned subsidiary bank [11] [12] named MCB Islamic Bank Limited, referred ...
In September 2018, ABL opened its Shariah-compliant Aitebar Islamic banking service through its 117 dedicated Islamic banking branches network across 53 major cities of Pakistan. Islamic account holders can also make deposits into and withdrawals from their accounts at Islamic windows in conventional branches. [5] In 2020 Allied Bank was named ...
Al Baraka (Pakistan) Limited (ABPL) (Urdu: البراکہ بینک پاکستان) is a Pakistani Islamic bank headquartered in Karachi. [2] It is a subsidiary of the Al Baraka Banking Group, a Bahrain-based Islamic banking group. [3] It came into being as a result of the first merger in the Islamic Banking sector of Pakistan. [4]
Pages in category "Islamic banks of Pakistan" The following 5 pages are in this category, out of 5 total. ... Burj Bank; F. Faysal Bank; M. Meezan Bank