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| Islamic Financial Institutions in Pakistan |
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Meezan Bank Limited |
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Meezan Bank Limited is a publicly listed company, first incorporated on January 27, 1997. It started operations as an investment bank in August of the same year. In January, 2002 in an historic initiative, Meezan Bank was granted the Nations first full-fledged commercial banking license dedicated to Islamic Banking, by the State Bank of Pakistan. Meezan Bank has built a strong Information Technology and customer knowledge-based focus that continues to use state of the art technology and systems. The Bank’s Corporate and Investment Banking business unit is geared towards nurturing and developing a long-term relationship with clients by understanding their unique financing requirements and by providing Shariah compliant financing solutions through corporate banking and structured finance.
Website: - www.meezanbank.com |
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Albaraka Islamic Bank B.S.C. (E.C.) |
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Albaraka Islamic Bank B.S.C. (E.C.) is a Scheduled Commercial Bank operating in Pakistan as a foreign bank under license from State Bank of Pakistan. It was incorporated in Bahrain as a Bahrain Shareholding Closed Company. The paid up capital of the Bank is US$ 50 million. Having its operations in Pakistan in the year 1991 with country Head Office in Lahore, it now has branches in Lahore, Karachi, Faisalabad, Islamabad and Rawalpindi.
Website: - www.albaraka.com.pk |
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Established in 1987, and listed on the Karachi and Lahore stock exchanges, SCM is now one of the largest modarabas in the country. SCM's management company (mudarib), Standard Chartered Services of Pakistan (Pvt.) Ltd. (Formerly Grindlays Services of Pakistan (Pvt.) Ltd.), is wholly owned by Standard Chartered Group, which has over 150 years of banking experience. The laws governing modarabas were introduced in Pakistan in 1980 as one of the first steps taken by the Government towards establishing a financial system in coherence with the injunctions of Islam.
Website :- www.grindlaysmodaraba.com |
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