Bank AL Habib

From Wikipedia, the free encyclopedia

Bank AL Habib Limited
Type	Private KSE: BAHL LSE: BAHLTFC
Founded	Karachi, 1991
Headquarters	Karachi, Pakistan
Industry	Banking, Capital Markets, Investment Banking
Products	Loans, Credit Cards, Savings, Consumer Banking etc...
Revenue	$150 Milion USD (2005)
Employees	3500
Website	www.bankalhabib.com

The Bank AL Habib Limited is one of the growing banks in Pakistan run by the Dawood Habib group of companies, and was selected as one of the top 200 Best Under A Billion companies by Forbes Asia in their annual review of 2005. The Bank's Head Office is located in the city of Multan in Punjab, but its main Principal Office is located in Karachi. Presently, the Bank has a network of 152 branches in all the major cities of Pakistan. Habib Group are pioneers in introducing banking in Pakistan. Their involvement in Banking service dates back to 1930s. They successfully launched Habib Bank. Still one of the largest bank in Pakistan. This bank was nationalized in 1971. After the privitization scheme announced in 1991 by the Government, Habib Group were the first to be awarded to start a private bank.

Contents 1 History 2 Vision 3 Mission 4 Functions 4.1 Services 4.2 Internet banking 4.3 1-Link partner 4.4 Master Card 4.5 Investment banking products 4.5.1 Growth certificates 4.5.2 Super saving 4.5.3 Mahana Munafa 5 Branches 5.1 Pakistan 5.2 Bahrain 6 Board of Directors 7 Departmental heads 8 Brand and advertising 8.1 Lion symbol 8.2 Advertising and sponsorship 9 External links

[edit] History

The Habib Bank has come a long way from its modest beginnings in Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees. Impressed by its initial performance, Qaid-e-Azam Mohammed Ali Jinnah asked the Habib Bank to move its operations to Karachi after the independence of Pakistan. Habib Bank Limited established itself in the Karachi in 1943 and became a symbol of pride and progress for the people of Pakistan.

During October 1991, Bank AL Habib was incorporated as a public limited company. Ater two years of gradual improved growth in 1992 the bank started banking operations. Also during the same year in January the bank was granted membership to be part of the Clearing House. In 2005, as information technology was being the thing of the future, Bank AL Habib launched it first internet banking so accounts and records could be viewed online. In 2006, Bank AL Habib became partners with MasterCard that allowed the lauch of credit cards.

[edit] Vision

To be a quality financial service provider maintaining the highest standards in banking practices.

[edit] Mission

To be a strong and stable financial institution offering innovative products and services while contributing towards the National economic and social development.

[edit] Functions

Full commercial and consumer services are offered by this bank. The bank also maintains correspondent relations with leading international banks, including: American Express Bank, USA; Banco Di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; Hong Kong and Shanghai Banking Corporation Ltd., Hong Kong.

Recently Bank AL Habib is implementing the Risk Management and Basel II accord.

[edit] Services

Bank AL Habib Ltd offers a wide range of services to its customers and recognizes the importance of efficient business delivery and providing timely solutions.

• Inter Bank Funds Transfer (ATM based transfer of funds within partner banks)
• Online Banking
• Safe Deposit Lockers
• ATM Card
• Debit Card
• Tele Banking
• Remittances (PO, DD, FDD etc.)
• Cash Management
• Internet Banking (Balance Inquiry, Funds Transfer etc.)
• Master Card

[edit] Internet banking

Coded as NetBanking and security entrusted by VeriSign, a twenty four hours banking service is provided to customer. Using Netbanking customer can check their account balance, transfer their funds to some other accounts, request pay orders / demend drafts online, halt their debit cards, request change of address, Online statements etc. This was launched with a contract made with TPS, (Pakistan).

TPS specializes in solutions related to electronic payments, transaction switching and online remote banking services. TPS carries diversified and complimentary products in its portfolio to address complete payment processing requirements of financial and non-financial sectors.

TPS holds multi-dimensional expertise that covers not only switching knowledge and expertise but also business domain knowledge related to self service banking, knowledge of multi-vendor ATMs and their applications, communication and networking knowledge, systems integration expertise and project management expertise related to deployment of complex switching environments

[edit] 1-Link partner

Bank AL Habib is one of the eleven partners of 1-Link system, an inter-bank ATM sharing system which allows customers to transact on ATM of any partner bank. All the branches of Bank AL Habib are currently operating their ATMs under 1-Link umbrella. This includes the newly opened branches and from day one. The shared network also facilitates other banking functions that allow customers a faster and more convenient banking experience. Bank AL Habib is the third largest ATM service provider in Pakistan, having 129 ATMs.

[edit] Master Card

Bank AL Habib Limited in affiliation with the Arab Financial Services offers two types of Master Cards.

• Green Master Card.

With limit starting from PKR 30,000 and cash debit limit of PKR 12,000.

• Gold Master Card.

Exclusive card for elite personals and with limits starting from PKR 500,000.

[edit] Investment banking products

The much famous investment products offered by Bank AL Habib are as follow.

[edit] Growth certificates

Period of deposits can be of 3 years or 5 years only. It is also automatically renewable.

Tentative profit rates

Term	1st six months	2nd six months	3rd six months	4th six months	5th six months	6th six months	7th six months	8th six months	9th six months	10th six months
Rate (in %)	6.0	6.0	7.0	7.5	8.0	8.5	9.0	9.5	10.0	10.5

[edit] Super saving

The minimum deposit amount is required to be PKR 500,000.

Profit rates

Amount	Rate (in % P.A)
From PKR 500,000 to PKR 1,999,999.99	4
From PKR 2,000,000 to PKR 9,999,999.99	5
From PKR 10,000,000 and above	6

[edit] Mahana Munafa

Mahana Munafa (Monthly Profit) is the latest product to be offered.

Profit rates

Term	1 year deposit	2 year deposit	3 year deposit	4 year deposit	5 year deposit
Rate (in % P.A)	10.00	10.25	10.50	10.75	11.00

[edit] Branches

The bank has a network of one hundred and fifty two branches. Outlined below are operations shown country / city wise.

[edit] Pakistan

• Karachi, has around 72 branches in all major/suburbs parts. This include one international branch at Export Processing Zone and one Islamic banking branch at Sharah-e-Faisal.
• Lahore, has around 24 branches in all major/suburbs parts.
• Multan, has around 4 branches.
• Faisalabad. has around 3 branches.
• Islamabad, has around 3 branches.
• Hyderabad, has around 3 branches.
• 27 other cities of Pakistan are having Bank AL Habib branches. These cities include Rawalpindi, Sialkot, Sukkur, Quetta etc.

[edit] Bahrain

• Manama has a branch which acts as an Offshore Banking Unit.

[edit] Board of Directors

Ex-Chairmen of the Bank AL Habib included

• Hamid D. Habib, Chairman (Till 2000)
• Rashid D. Habib, CEO & Managing Director (until 1994)

Current board of directors of the Bank comprises the following:

• Ali Raza D. Habib, Chairman
• Abbas D. Habib, CEO & Managing Director
• Anwar Haji Karim, Director
• Faiz N. Abdul Ali, Director
• Hasnain A. Habib, Director
• Imtiaz Aalam Hanfi, Director
• Murtaza H. Habib, Director
• Qumail R. Habib, Executive Director
• Syed Mazhar Abbas, Director
• Tariq Iqbal Khan, Director
• Mahmood S. Allarakhia, Company Secretary

[edit] Departmental heads

The Departmental Heads of Bank AL Habib includes.

• Syed Aziz Wasti, Information Technology - General Manager
• Akbar Raza Khan, Consumer Banking - General Manager

[edit] Brand and advertising

House of Habib have maintained a similar kind of logo in their banking sector investment. All their major banks including, Bank Al Habib, Habib Bank (Previously owned), Metropolitan Bank, Habib Bank AG Zürich have nearly identicle logo with minute differences.

[edit] Lion symbol

Bank AL Habib Limited logo is diversified one adopting traditional dark green Islamic color. Mainly because Prophet Muhammad (P.B.U.H) consistently quoted in various hadith about the purity of this color. As saying that water, greenery, and a beautiful face were three universally good things. Also in Qur'an, sura Al-Insan says, followers of Allah in Jannah wear fine green silk. [1].

With green color spectrum there is Basmala calligraphy on the top of the logo. The lion represents Imam Ali, the sword represents Zulfiqar and the five stars represent Muhammad, Ali, Fatima Zahra, Hasan & Husayn ibn Ali.

[edit] Advertising and sponsorship

Bank AL Habib is a socio-responsible organization. It has sponsored a number of important events. This includes

• Seminar on the Role of Women in Nation Building, held on 10-12 November, 2005 at Bahauddin Zakriya University, Multan.
• Hamid D. Habib and Rashid D. Habib Memorial Golf Tournament held at Golf Club, Karachi. This is made a regular yearly event and in the last event of it on January, 2006 about 83 professional golfers took part in it. Of them 30 golfers were awarded cash prizes.
• International Central Bankers Training team was invited by by Bank AL Habib and Institute of Bankers, Pakistan to attend a training lesson. It was attended by Asian, Arab and African countries banking personnel
• Apart from sponsorship, advertising is made possible on large billboards, Media including television and radio.
• Bank Al Habib Prize in Institute of Bankers Pakistan for passing and securing the second highest total marks in Stage-I and in first attempt.

[edit] External links

• Welcome to the Bank AL Habib Limited
• The Habib Group website