Update Date: 19-May-2017
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 Pakistan. Al Baraka Bank (Pakistan)
Limited is the pioneer of Islamic Banking in Pakistan and has been operating in
the country since 1991.
Al Baraka Bank (Pakistan) Limited is the result of a merger, between Al Baraka
Islamic Bank, Pakistan operations of Al Baraka Islamic Bank, Bahrain and
Emirates Global Islamic Bank, which took place on November 1st 2010. Year 2016
marked another milestone in their illustrious journey and another Islamic Bank,
Burj Bank Limited merged into ABPL.
Presently Al Baraka has assets in excess of USD 1.2 billion, a robust branch
network of over 200 branches spread across 100 cities and towns in the country.
The Pakistan Credit Rating Agency (PACRA) has assigned long-term and short-term
rating entity A and A1 respectively. They offer a diverse suite of Shariah
Compliant products and services for all your banking needs; be it Retail,
Corporate, Investment Banking, SME, Consumer, Treasury, Cash management and
state of the art ADC Services.
Al Baraka Bank (Pakistan) Limited is part of Al Baraka Banking Group (ABG) which
is owned by Dallah Al Baraka, a diversified international conglomerate with
investments in over 40 countries worldwide. Dallah Al Baraka was founded in 1969
in Riyadh by Sheikh Saleh Kamel, the President of Dallah Al Baraka and Chairman
of Al Baraka Banking Group.
ABG, founded in 2002, is a Bahrain Joint Stock company, licensed as an Islamic
Wholesale Bank by Central Bank of Bahrain. With an authorized capital of US$ 1.5
billion, total equity of over US$ 2 billion, assets in excess of US$ 25 billion
and a global footprint across 15 countries; the group provides banking services
through a network of more than 700 branches spread across three continents.
Shariah Compliant Product & Services:
It is Al Baraka Bank’s commitment to put their customers’ values foremost,
hence providing them with the banking solutions that are in line with their
ABPL products and services are approved by the Bank's Shariah Board which is
headed by Chairman Shariah Board 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 Resident Shariah Board
Member and world renowned Shariah Scholar Sheikh EssamIshaq.
Update Date: 19-May-2017
Mr. Shafqaat Ahmed
Chief Executive Officer
Bank Pakistan Limited
Al Baraka Bank (Pakistan) Limited, CEO, Mr. Shafqaat Ahmed possesses over 46
years of rich banking experience both within Pakistan and in the International
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 and recently in November 2016 another milestone
was achieved under his leadership with, the merger of Burj Bank limited into 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,26 years back. Mr. Ahmed has
addressed a number of Islamic seminars and conferences globally.
Group Head Commercial & SME Banking
Group Head Retail Banking
Group Head Corporate & Inv. Banking
Head of Information Technology
Head of Corporate Communications & Marketing
Resident Shariah Board Member (RSBM)
Head of Special Assets Management
Head of Human Resources & GSD
Company Secretary & Legal