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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]
National Bank of Pakistan (NBP) Karachi: Bank of Punjab (BOP) Lahore: Sindh Bank: Karachi: Bank of Khyber (BOK) Peshawar: First Women Bank: Karachi: Zarai Taraqiati Bank Limited (ZTBL) Islamabad: Industrial Development Bank of Pakistan: Karachi
Bank Islami is the joint venture project of three groups namely Jahangir Siddiqui & Co. Pakistan, Randeree family, & Dubai Bank. [14] The State Bank of Pakistan issued a No Objection Certificate on 19 August 2004 and Bank Islami Pakistan Limited, the second full-fledge Islamic commercial bank in Pakistan, was incorporated on 18 October 2004 in ...
In 2006, Arif Habib Securities Limited acquired the Pakistani operations of Rupali Bank Limited, under the Scheme of Amalgamation by the State Bank of Pakistan. [5] The resulting bank was named Arif Habib Rupali Bank, and it began operations on August 5, 2006. [6] [7] In 2008, then known as Arif Habib Bank was listed on the Karachi Stock ...
Bank Islami Pakistan Limited 2012–2014: Zia-ul-Mustafa Awan: CFO & Business Administrator: Expo Lahore (Pvt.) Limited 2015–2016: Kashif Mateen Ansari: Chief Executive Officer: Sachal Energy Development (Pvt) Limited 2016–2017: Mohammad Iqbal Ghori: Director Strategic Planning & CFO: Sadaqat Limited 2018-2022: Zia-ul-Mustafa Awan: CFO ...
Al Baraka Bank's branch on I.I. Chundrigar Road in Karachi. Al Baraka Islamic Bank was initially established in Pakistan in 1991 as Al Baraka Islamic Bank (AIB) Bahrain, and later incorporated as a public limited company in December 2004, receiving its Islamic banking license in 2007. [3] [8]
The State Bank of Pakistan gained autonomy, and United Bank Limited, which had collapsed, was recapitalized under central bank management. [1] In 1997, Pakistan initiated banking reforms to address long-standing issues within major state-owned banks, such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), and United Bank Limited ...
The other branch of Habib family founded Bank AL Habib, which is owned by the descendants of Habib's elder son, Dawood Habib. [3] The bank was listed on the Karachi Stock Exchange in the same year. [5] Kassim Parekh, who had served as the president of Habib Bank from 1984 to 1988, was appointed as chairman and CEO of Metropolitan Bank in 1992. [3]