BankIslami Pakistan

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Bank Islami Pakistan Limited
Type	Private
Founded	Karachi
Headquarters	Principal Office, Karachi Pakistan
Key people	Hasan A Bilgrami (CEO)
Industry	Islamic Banking Capital Markets
Products	Consumer Banking, Investment Banking, Trade Financing etc.
Revenue	▲PKR 602.06 Million - 2007^[1]
Net income	▼PKR 37.02 Million - 2007^[2]
Employees	563 as on 31 Dec, 2007 ^[3]
Website	www.bankislami.com.pk

BankIslami Pakistan Limited (“BankIslami”) is located in Karachi, Sindh, Pakistan. BankIslami Pakistan has received an Islamic commercial banking license from State Bank of Pakistan on March 31, 2005. It is the first financial institution in Pakistan that is going to focus on Wealth Management as the core area of business. It intend to offer retail banking products, proprietary and third party product, and integrated financial planning services. The Bank is expected to start its operations in the last quarter of year 2005.

1 Competition Situation
2 Image Marketing
3 See also
4 External links
5 References

[edit] Competition Situation

BankIslami is the Joint venture project of 3 groups with 18.75% equity each, namely Jahangir Siddiqui & Co. Pakistan, DCD Group UK, & Dubai Bank. Irrespective of stiff competition in the market the Bank has successfully managed to grow over 400% during last one year and all set to be a 100 Online Branch Network by the year end 2008.

The same was achieved by the existing largest player in the Islamic Banking Industry Meezan Bank in 6 years time at December 2007. BankIslami has become a hallmark of innovation and bringing new products and services in the market and by introducing the Bio-Metric ATM facility it became the first bank of the region to offer such services and till date no bank has been able to replicate this service. Bio-Metric identification (based on finger print) removes the need for PIN based verification and it adds the security element in ATM transactions.

[edit] Image Marketing

BankIslami has been able to form a strong image of having authentic basis for its banking operations by using smart marketing ideas that resonate well with the public mind. For example, the calligraphy of the bank's name in Urdu is claimed to have been done by the same calligraphers who have done similar work in the Holy Mosque of Madina in Saudi Arabia.