Al Baraka Bank (Pakistan) Limited

Al Baraka Bank (Pakistan) Limited, formerly Emirates Global Islamic Bank Limited (EGIBL) is a dedicated Islamic Commercial Bank.Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain, a majority owned subsidiary of Al Baraka Banking Group (ABG) Bahrain, and Emirates Global Islamic Bank (Pakistan) have successfully merged their operations under the name of Al Baraka Bank (Pakistan) Limited (ABPL).ABPL have assets in excess of Rs. 50billion, a workforce of 1400 professionals and a network of 89 branches in 36 cities and towns across the countryABPL is a member of the Al Baraka Banking Group, an international Islamic financial institution that offers retail, corporate & investment banking, and treasury services strictly in accordance with the principles of Islamic Shariah. The authorized capital of ABG is US$1.5 billion with equity of US$ 1.7 billion, and operates in 12 countries, including Pakistan. ABG is listed on Bahrain and NASDAQ Dubai stock exchanges.The merger, the first in the Islamic Banking sector in Pakistan, positions ABPL to play an important role in further growing an industry which has witnessed tremendous growth over the last 5 years. Substantial capital resources, combined with a nationwide branch network, will enable ABPL to provide its valued customers with a full range of shariah compliant banking products and services.