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Bank Islami Pakistan

Company type	Public
Traded as	PSX: BIPL KSE 100 component
Industry	Islamic banking
Founded	7 April 2006; 18 years ago (2006-04-07)
Headquarters	Karachi, Pakistan
Products	Retail banking consumer banking investment banking trade financing
Revenue	Rs. 3.39 billion (US$12 million) (2021)
Net income	Rs. 2.06 billion (US$7.1 million) (2021)
Total assets	Rs. 408 billion (US$1.4 billion) (2021)
Owner	Jahangir Siddiqui & Co. (53.49%)
Number of employees	4,046 (2021)
Parent	Jahangir Siddiqui & Co.
Website	bankislami.com.pk

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

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.

BankIslami made an initial public offering in March 2006.

References

1. ^ "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.

External links

• Official website

v t e Banking in Pakistan
Central bank	State Bank of Pakistan
Big Four	Habib Bank MCB Bank National Bank United Bank
Commercial banking	Public sector Bank of AJK Bank of Khyber Bank of Punjab First Women Bank Industrial Development Bank Karakoram Cooperative Bank Punjab Provincial Cooperative Bank Limited Sindh Bank Zarai Taraqiati Bank Limited Private sector Allied Bank Askari Bank Bank AL Habib Bank Alfalah HabibMetro JS Bank Soneri Bank Standard Chartered Pakistan
Microfinance	Advans Pakistan Finca Pakistan HBL Microfinance Bank Khushhali Bank NRSP Microfinance Bank Telenor Microfinance Bank
Islamic banking	BankIslami Bank Makramah Al Baraka Bank Pakistan Dubai Islamic Bank Pakistan Faysal Bank MCB Islamic Bank Meezan Bank Samba Bank
House building	House Building Finance Company
Savings Bank	National Savings Organization
Foreign banks	Citibank Pakistan Deutsche Bank Pakistan ICBC Pakistan BOC Pakistan Bank of Tokyo Mitsubishi Pakistan
Defunct banks	BCCI Bank of Bahawalpur Burj Bank Federal Bank for Cooperatives KASB Bank NIB Bank PICIC Commercial Bank RBS Pakistan Silkbank Union Bank
See also	List of banks in Pakistan Pakistani bankers Institute of Bankers Pakistan KIBOR National Institute of Banking and Finance
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As of October 2024

• 2006 establishments in Pakistan
• Banks established in 2006
• 2006 initial public offerings
• Islamic banks of Pakistan
• Companies based in Karachi
• Companies listed on the Pakistan Stock Exchange