BankIslami Pakistan Limited
BankIslami Pakistan Limited (the Bank) was incorporated in Pakistan as a public limited company on October 18, 2004 under the Companies Ordinance, 1984 to carry out business of an Islamic Commercial Bank in accordance with the principles of Islamic Shariah.
The State Bank of Pakistan granted a Scheduled Islamic Commercial Bank license on March 18, 2005. The Bank commenced its operations as a Scheduled Islamic Commercial Bank with effect from April 07, 2006, on receiving Certificate of Commencement of Business from the State Bank of Pakistan (SBP).The Bank is principally engaged in corporate, commercial, consumer, retail banking activities and investment activities.
The shares of the Bank are quoted on the Pakistan Stock Exchange Limited.
PACRA has assigned the Bank’s long-term entity rating to ‘AA-‘, citing the Bank’s remarkable financial performance, robust underwriting practices, and substantial growth in its Balance sheet. This rating denotes Bank’s strong business strategy, prudent risk management practices, and the unwavering trust bestowed upon the Bank by its valued customers.
Website: https://bankislami.com.pk/
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