Misplaced Pages

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "BankIslami" – news · newspapers · books · scholar · JSTOR (October 2022) (Learn how and when to remove this message)

Bank Islami Pakistan

[REDACTED]
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. KASB Bank was formerly known as Platinum Commercial Bank. In 2002, Khadim Ali Shah Bukhari & Company Limited (KASB) acquired the bank, and the two entities merged the following year. The merger led to the renaming of the bank as KASB Bank in 2003.

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. ^ Hussain, Dilawar (26 February 2003). "KASB proposes merger with Platinum Bank". DAWN.COM.
5. "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	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
Category

v t e KSE 100 companies of Pakistan
Abbott Adamjee Insurance AGP Limited Air Link Communication Allied Bank Askari Bank Atlas Honda Attock Petroleum Attock Refinery Avanceon Bank AL Habib Bank Alfalah Bank of Punjab Bannu Woollen Mills Bestway Cement Cherat Cement Cnergyico Colgate-Palmolive Pakistan DG Cement Dolmen City EFU General Insurance Engro Holdings Engro Fertilizers Engro Polymer Fatima Fertilizer Fauji Cement Fauji Fertilizer Company Faysal Bank First Habib Modarba FrieslandCampina Engro Pakistan Ghani Glass GSK HBL HabibMetro HBL Growth Fund Highnoon Honda Atlas Hubco Ibrahim Fibre JDW Sugar Mills Indus Motor Interloop Limited International Industries Limited International Steels Limited Javedan K-Electric Kohat Cement Kohinoor Spinning Mills Kohinoor Textile Kot Addu Power Lotte Chemical Lucky Cement Lucky Core Industries Maple Leaf Cement Mari Energies MCB Bank Meezan Bank Mehmood Textile Mills Millat Tractors Mughal Steel Murree Brewery National Bank National Foods National Refinery Nestlé Pakistan Nishat Chunian Power Nishat Chunian Nishat Power OGDC Packages Limited PEL Pak-Gulf Leasing Pakgen Power Pakistan Aluminium Beverage Cans PIBTL Pakistan Oilfields Pakistan Petroleum Pakistan Refinery Pakistan Services Pakistan State Oil Pakistan Stock Exchange PTCL Pakistan Tobacco Company Pioneer Cement Punjab Oil Mills Rafhan Maize Sazgar Searle Pakistan Servis Shell Standard Chartered SNGPL Systems Limited Tariq Glass Thal Limited TRG Pakistan Unilever Pakistan Foods UBL Unity Foods Yousuf Weaving Mills
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