BankIslami
Islamic bank in Pakistan
From Wikipedia, the free encyclopedia
BankIslami Pakistan Limited (Urdu pronunciation: [bɛŋk ɪs.ˈlaː.mi] bank-is-LAH-mee) is a Pakistani Islamic bank based in Karachi.[2]
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| Type | Public |
|---|---|
| PSX: BIPL KSE 100 component | |
| Industry | Islamic banking |
| Founded | 7 April 2006 |
| Headquarters | Karachi, Sindh, Pakistan |
| Products |
|
| Revenue |  Rs. 3.39 billion (US$12 million)[1] (2021) |
| Rs. 2.06 billion (US$7.4 million)[1] (2021) | |
| Total assets | Rs. 408 billion (US$1.5 billion)[1] (2021) |
| Owner | Jahangir Siddiqui & Co. (53.49%) |
Number of employees | 4,046[1] (2021) |
| Parent | Jahangir Siddiqui & Co. |
| Website | bankislami |
History
BankIslami was founded on 31 March 2005. On 26 September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital. The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products.
BankIslami made an initial public offering in March 2006.[3]
In May 2015, KASB Bank was acquired by BankIslami and later its branches were merged into BankIslami.[4] KASB Bank was formerly known as Platinum Commercial Bank.[5] In 2002, Khadim Ali Shah Bukhari & Company Limited (KASB) acquired the bank, and the two entities merged the following year.[5] The merger led to the renaming of the bank as KASB Bank in 2003.[5]
In May 2025, BankIslami acquired the 32-storey KASB Altitude building in Karachi to use as their new headquarters.[6][7]
