BankIslami Pakistan Limited
PPSX:BIPL24.00
PKR
-0.17
(-0.70%)
ISIN
PK0084801015
Return %
Stock
S&P 500
1Y
-36.22
14.20
3Y
34.45
81.12
5Y
75.18
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Imran Haleem Shaikh
- Full Time Employees
- 8,176
- Sector
- Finance
- Industry
- Major banks
- Address
- Karachi Pakistan
- IPO Date
- Mar 6, 2006
- Website
- bankislami.com.pk
- Similar Companies
- Business
- BankIslami Pakistan Limited is a Pakistan-based Islamic scheduled commercial bank that provides a comprehensive range of Shariah-compliant retail, consumer, corporate, commercial, agricultural, treasury, and digital banking products and services. Founded in 2004 and headquartered in Karachi, Pakistan, the bank operates as a subsidiary of JS Bank Limited following JS Bank's acquisition of a majority controlling stake. The bank conducts its operations through an extensive nationwide network of over 400 branches and electronic delivery channels across more than 120 cities, serving individual consumers, small and medium enterprises (SMEs), agricultural businesses, corporate clients, and non-resident Pakistanis. BankIslami structures its offerings across multiple key business divisions: Retail and Consumer Banking, which provides deposit accounts, including Islami Current Accounts, Islami Bachat Savings Accounts, Islami Premium Accounts, Islami Asaan Accounts, Islami Freelancer Accounts, and Roshan Digital Accounts for overseas Pakistanis; term deposit certificates, including Islami Amadni Certificates and Taysir Mudaraba Certificates; and consumer financing solutions, including Islami Auto Ijarah vehicle finance, Islami Ghar Sahulat home financing based on Diminishing Musharakah, Islami Bike Finance, and Musawamah-based personal financing; Corporate and Commercial Banking, which delivers working capital financing and project finance structured under Murabaha, Istisna, Tijarah, Salam, and Musawamah contracts; long-term asset financing via Ijarah and Diminishing Musharakah; syndicated financing; structured Islamic debt solutions; and investment banking advisory; Trade Finance Services, which offers import and export letters of credit, inland and foreign bill collections, shipping guarantees, financial and performance guarantees, and State Bank of Pakistan (SBP) concessionary Islamic export refinancing facilities; Agriculture and SME Banking, which offers Islami Kissan Finance for crop inputs, farm development, tractor and machinery financing, and customized working capital and asset finance for small and medium-sized businesses; Treasury and Capital Markets, which manages Shariah-compliant liquidity operations, interbank Mudarabah and Wakala placements, government GoP Ijarah Sukuk portfolios, foreign exchange spot and forward Wa'ad risk management tools, and capital market investments; and Digital Banking and Payment Solutions, which provides the OneBank mobile banking application, internet banking, OneTouch biometric ATM access, contactless PayPak and Visa debit cards, Raast instant digital payment integration, point-of-sale acquiring, and utility and merchant bill settlement services. In recent strategic developments, BankIslami transitioned to become a subsidiary of JS Bank Limited after JS Bank successfully acquired a majority controlling interest exceeding 75% through a public offer and share swap arrangement. Operationally, the bank has accelerated its digital transformation agenda by overhauling its OneBank mobile banking platform, embedding Raast Person-to-Merchant (P2M) payment capabilities, and establishing strategic partnerships with fintech entities to deliver digital supply chain and payment solutions. BankIslami has also broadened its sustainable finance portfolio by launching Islamic solar and renewable energy financing schemes for residential, commercial, and agricultural sectors under concessionary central bank refinance programs, while optimizing its capital base through the issuance of regulatory Additional Tier-1 and Tier-2 Sukuk to support continued nationwide asset growth.