Al Baraka Bank Pakistan Limited
Organization:  

Update Date: 21-May-2014

Al Baraka Banking Group (ABG)

Al Baraka Banking Group is a Bahrain based Joint Stock Company listed on Bahrain and NASDAQ Dubai stock exchanges. ABG offers retail, corporate / investment banking and treasury services strictly in accordance with the principles of Islamic Shari’a. The total equity amounts to over US$1.9 billion and total assets over US$ 21 billion.

The Group has a wide geographical presence with subsidiary banking Units and Representative Offices in thirteen countries, which in turn provide services through more than 480 branches.

The concept of ABG’S Unified Corporate Identity is the result of revisiting the values that lay behind the original Vision statement - and the conviction that those values ought to be represented as an integral part of ABG’s Vision. The outcome is that ABG’s Vision has now been restated as their corporate ethos. According to ABG:

‘We believe society needs a fair and equitable financial system’, ‘To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success’.

By ‘partnership’, our success and that of each of our customers are as intertwined as our jointly held beliefs. Taking part in the joint effort is therefore our reward. We see money as a means to Capitalize on opportunities and create a better society for all of us. Money becomes the conduit by which we enter into new opportunities together and take part in common effort for mutual reward; as steward of the resources entrusted to us, our efforts contribute to building the community, at home and in the wider world. We call this concept: ‘Beyond Banking’ 

Al Baraka Bank (Pakistan) Limited (ABPL)

With a vision for unrivalled services, dedication to Islamic principles of banking, increasing network points, and innovative product line, Al Baraka Bank (Pakistan) Limited (ABPL) is committed to the Banking Industry in Pakistan.

Al Baraka Bank (Pakistan) Limited is the result of a merger between Al Baraka Islamic Bank Pakistan and Emirates Global Islamic Bank. 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 4 years.

With assets in excess of Rs. 85 billion; a workforce of 1400 professionals and a network of 110 branches in 58 cities and towns across Pakistan, ABPL is devoted in providing customers with a range of Shari’a 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 Shari’a rulings and principles.

ABPL, offers a wide array of Islamic financing products such as Murabaha, Ijarah, Musharakah, Business Plus Account, Islamic Export Refinance etc., catering to a diverse cross-section of the economy including the Corporate, SME and Consumer sectors.

Moreover, various Shari’a 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.

Shariah Compliant Product & Services:

It is our commitment to put our customers’ values foremost, hence providing them with the banking solutions that are in line with their beliefs.

ABPL products and services are approved by the Bank's Shariah Advisor Justice (R) Khalil-ur-Rehman Khan, who has served as Chairman on the Shariat Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. He is assisted by Mufti Abdullah Najeeb as deputy Shariah Advisor.

 
Chief Executive:  

Update Date: 10-Apr-2014

Mr. Shafqaat Ahmed
Chief Executive Officer
Al Baraka Bank Pakistan Limited

Al Baraka Bank (Pakistan) Limited, CEO, Mr. Shafqaat Ahmed possesses over 42 years of rich banking experience both within Pakistan and in the International Markets

Mr. Shafqaat Ahmed was instrumental in overseeing the merger of Al Baraka Islamic Bank and Emirates Global Islamic Bank Operations in Pakistan to form Al Baraka Bank (Pakistan) Limited. Mr. Ahmed is a graduate of Foreman Christian College, Lahore with Majors in Economics. He has served as the Vice Chairman of the Pakistan Banks Association and is a fellow of the Institute of Bankers in Pakistan. His expertise in Corporate Finance, Capital Markets and Portfolio Management has taken the bank to the next level.

“Islamic Banking” in Pakistan is a recent Phenomenon, but with Al Baraka under the leadership of Mr. Shafqaat Ahmed, Islamic banking has been its forte since the inception of the name of Al Baraka in Pakistan ,21 years back. Mr. Ahmed has addressed a number of Islamic seminars and conferences globally. 

Mr. Shafqaat Ahmed is married and his children too are serving the banking sector. Mr. Ahmed has a passion for cricket and enjoys Golf and travelling.

Key Management:

Ahmed Shuja Kidwai
 

Update Date: 10-Apr-2014

Chief Operating Officer

 
Justice (R) Khalil Ur Rehman
 

Update Date: 10-Apr-2014

Shariah Advisor

 
Ayyaz Ahmed
 

Update Date: 10-Apr-2014

Chief Risk Officer

 

Kaleem Iqbal

 

Update Date: 10-Apr-2014

Head Public Sector & Institutional Relationships

 

Amjad Ali

 

Update Date: 10-Apr-2014

Group Head Commercial & SME Banking Group

 
Imran Khizer Hayat
 

Update Date: 10-Apr-2014

Group Head Retail Banking

 
Abdul Razzaq
 

Update Date: 10-Apr-2014

Group Head Corporate & Investment Banking Group

 
Abid Ajmal
 

Update Date: 10-Apr-2014

Head of Credit

 
Abdullah Ghaffar
 

Update Date: 10-Apr-2014

Head of Investment Banking

 
Farah Naz
 

Update Date: 10-Apr-2014

Head of Strategic Planning & Marketing

 
Tamim Shabbir
 

Update Date: 10-Apr-2014

Chief Financial Officer

 
Shakir Hussain Nanji
 

Update Date: 10-Apr-2014

Head of Operations

 
Nadeem Asghar Ansari
 

Update Date: 10-Apr-2014

Head of Financial Institutions

 
Atif Ghaffar Rana
 

Update Date: 10-Apr-2014

Head of Credit Administration

 
Basit Tansir
 

Update Date: 10-Apr-2014

Head of IT Applications

 
Kashif Hafeez
 

Update Date: 10-Apr-2014

Head of Information Technology

 
Arif Mahmood Chaudry
 

Update Date: 10-Apr-2014

Head of Special Asset Management

 
Hanif Ashraf
 

Update Date: 10-Apr-2014

Head of Internal Audit

 
Masroor Rao
 

Update Date: 21-May-2014

Head of Compliance

 
Salman Ali
 

Update Date: 10-Apr-2014

Head of Treasury

 
Mukkarram Jafri
 

Update Date: 10-Apr-2014

Head of Human Resources

 
Aamir Najmi
 

Update Date: 10-Apr-2014

Chief Security Officer & Head of Administration

 
Pakistan Banks' Association 2005. All Rights Reserved.