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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]
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 ...
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
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]
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 ...
In 2008, the head office of MCB was shifted from MCB Tower, Karachi to Lahore in a newly constructed building, namely MCB House located at Sharea Ghous-ul-Azam, commonly known as Jail Road. In 2000, MCB established its Islamic Banking Business Group and opened its first branch in 2003. [ 9 ]
Faysal Bank Limited (Urdu pronunciation: [ˈfɛj.səl bɛŋk] FAY-sul-BANK) is a Pakistani Islamic bank based in Karachi. [2] [3] Founded as Al-Faysal Investment Bank in 1995, it became an Islamic bank in 2023. It is named after Mohammed bin Faisal Al Saud. Over the years, Faysal Bank has been involved in multiple controversies.
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]