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AlBarka Bank

Al Baraka House 162 Bangalore Town, Main Shahrah-e- Faisal, Karachi, Pakistan , Karachi,75350, Pakistan
Detailed Information

With a vision for unrivalled services, dedication to Islamic principles of banking, increasing network points, and innovative product line, Al Baraka Bank (Pakistan) Limited is committed to the Banking Industry in Pakistan.

Al Baraka Bank (Pakistan) Limited (ABPL) is the result of a merger between Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain and Emirates Global Islamic Bank (Pakistan). The merged entity commenced operations on October 30th 2010.

The merger, a 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 15 years. This growth was further catalysed in November, 2016 when Burj Bank Limited’s operations were merged into ABPL making the Bank one of the leaders in the Islamic Banking sphere of the country.

With assets in excess of Rs. 179 billion a workforce of over 2800 professionals and a network of over 185 branches in 85 cities and towns across Pakistan, ABPL is devoted in providing customers with a range of Shariah compliant products to suit their banking needs.

Faced with growing challenges in this rapidly developing market, ABPL strongly relies on its ability to be an effective and efficient market player through renewed focus on superior customer service, development of Islamic alternatives to conventional financing facilities, and strict adherence to Shariah rulings and principles.

ABPL, offers a wide array of Islamic financing products such as Murabaha, Ijarah, Musharakah and Islamic Export Refinance, etc. catering to a diverse cross-section of the economy including the Corporate, SME and Consumer sectors.