BankIslami

BankIslami Pakistan Limited (Urdu pronunciation: [bɛŋk ɪs.ˈlaː.mi] bank-is-LAH-mee) is a Pakistani Islamic bank based in Karachi.^[2]

Bank Islami Pakistan

Company type	Public
Traded as	PSX: BIPL KSE 100 component
Industry	Islamic banking
Founded	7 April 2006; 19 years ago (2006-04-07)
Headquarters	Karachi, Sindh, Pakistan
Products	Retail banking consumer banking investment banking trade financing
Revenue	Rs. 3.39 billion (US$12 million)[1] (2021)
Net income	Rs. 2.06 billion (US$7.1 million)[1] (2021)
Total assets	Rs. 408 billion (US$1.4 billion)[1] (2021)
Owner	Jahangir Siddiqui & Co. (53.49%)
Number of employees	4,046[1] (2021)
Parent	Jahangir Siddiqui & Co.
Website	bankislami.com.pk

History

BankIslami was founded on March 31, 2005. On the 26th of 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]

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