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BankIslami Pakistan Limited was the first bank to receive an Islamic banking license under the Islamic banking policy of 2003 on 31 March 2005. The bank envisioned focusing primarily on wealth management as the core area of business in addition to sharia-compliant retail banking products, Proprietary and Third-party products, and Integrated ...
Faysal Bank started in Pakistan in October 1987, with a tiny branch and as a subsidiary of Faysal Islamic Bank, a Bahraini bank owned by Mohammed bin Faisal Al Saud, the son of the late King Faisal of Saudi Arabia. [4][5] The bank was part of a broader initiative by the Dar al-Maal al-Islami Trust (DMI), a Geneva-based organization founded in ...
Islamic banking, Islamic finance (Arabic: مصرفية إسلامية masrifiyya 'islamia), or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing and ...
Number of employees. 17,186 [1] (2023) Subsidiaries. Meezan Exchange Company (100%) Al Meezan Investment Management (65%) Website. meezanbank.com. Meezan Bank Limited (Urdu: میزان بینک) is a Pakistani Islamic bank headquartered in Karachi. [2] It is the largest Islamic bank and the largest bank based on market capitalization in Pakistan.
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Roshan Digital Account. Roshan Digital Account (RDA) (Urdu روشن ڈیجیٹل اکاؤنٹ) is a facility available to non-resident Pakistanis, this facility allows Pakistani nationals living abroad to have access to banking services within Pakistan without having to visit a consulate, embassy, or a physical bank branch. The initiative was ...
MCB Bank Limited. MCB Islamic Bank Limited. Meezan Bank Limited. National Bank of Pakistan (NBP) Soneri Bank Limited. Standard Chartered Bank (Pakistan) Limited (SC Pakistan) Sindh Bank. The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) United Bank Limited (UBL)
Habib Bank Limited. Habib Bank Limited (Urdu: حبیب بینک) commonly known as HBL, is a Pakistani commercial bank based at Habib Bank Plaza, Karachi, Pakistan. Established in 1941 by the Habib Family, HBL is Pakistan's oldest, largest and the first commercial bank. In 1951, it opened its first international branch in Colombo, Sri Lanka.