With a vision for unrivalled services, dedication to Islamic principles of banking, increasing network points, and innovative product line, Al Baraka Bank (Pakistan) Limited is committed to the Banking Industry in Pakistan. Al Baraka Bank (Pakistan) Limited (ABPL) is the result of a merger between Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain and Emirates Global Islamic Bank (Pakistan). The merged entity commenced operations on November 1st 2010. The merger, a first in the Islamic Banking sector in Pakistan, positions ABPL to play an important role in further growing an industry which has witnessed tremendous growth over the last 5 years. With assets in excess of Rs. 80 billion; a workforce of 1400 professionals and a network of 94 branches in 42 cities and towns across Pakistan, Al Baraka Bank (Pakistan) Limited is devoted in providing customers with a range of Shariah compliant products to suit their banking needs. Faced with growing challenges in this rapidly developing market, ABPL strongly relies on its ability to be an effective and efficient market player through renewed focus on superior customer service, development of Islamic alternatives to conventional financing facilities, and strict adherence to Shariah rulings and principles. Al Baraka Bank (Pakistan) Limited, offers a wide array of Islamic financing products such as Murabaha, Ijarah, Musharakah and Islamic Export Refinance etc., catering to a diverse cross-section of the economy including the Corporate, SME and Consumer sectors. Moreover, various Shariah compliant deposit schemes are also available for customers to invest their funds in, along with a variety of other ancillary services such as online branch banking, ATM/debit card, SMS banking, electronic statement of accounts, safe deposit lockers and utility bill payments. The Pakistan Credit Rating Agency (PACRA) has assigned long-term and short-term rating entity A, and A1 respectively. These ratings denote a lower expectation of credit risk emanating from a strong capacity for timely payments of financial commitments. ABPL is a subsidiary of Al Baraka Banking Group (ABG), a Bahrain Joint Stock Company, listed on Bahrain and NASDAQ Dubai stock exchanges. It is a leading International Islamic bank with Standard & Poor’s long and short-term credit ratings of BBB- and A-3 respectively and offers retail, corporate and investment banking, and treasury services strictly in accordance with the principles of Islamic Shariah. The authorized capital of ABG is US$ 1.5 billion; asset base of US$ 18.4 billion and total equity of US$ 1.9 billion. The group has Banking units and representative offices in 15 countries spanning from Europe to MENA and Asia, with a network exceeding 450 Branches. It is part of ABPL’s commitment, to put the customer’s values foremost, hence providing them with a banking solution that is in line with their beliefs.