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Chairman of Al Baraka Bank visits Pakistan

20 January 2012:
Mr. Adnan Ahmed Yousif, President and Chief Executive of the Al Baraka Banking Group (ABG), Bahrain, visits Pakistan for two days, 20th & 21st of January’ 2012.

During his stay in Karachi he will chair the 7th Board meeting of Al Baraka Bank (Pakistan) Limited (ABPL) and will call upon important dignitaries to exchange views on Pakistan’s dynamic Islamic Banking industry.

Al Baraka Bank (Pakistan) Limited, offers a comprehensive product portfolio to cater to the needs of diversified customer base.  It is the second largest Islamic bank in Pakistan with total assets exceeding Rs. 70 billion and a countrywide network of 89 branches.   Capitalizing on excellent knowledge of regional and local markets, ABPL’s products fully comply with Shariah principles approved by the Bank’s renowned Shariah Advisory Committee.

Al Baraka Bank (Pakistan) Limited is part of the Al Baraka Banking Group (ABG), Bahrain, a leading international Islamic banking group in the gulf region. ABG is listed on the Bahrain and NASDAQ-Dubai stock exchanges with over US$ 16.3 billion of assets, equity of more than US$1.8 billion and a network of more than 400 branches in 13 countries, including Pakistan.

Profile of Adnan Ahmed Yousif

Mr. Adnan Ahmed Yousif is the President and Chief Executive of the Al Baraka Banking Group, headquartered in Bahrain.

Mr. Yousif started his Banking Career with American Express in 1975 and later joined the Arab Banking Corporation (ABC), becoming Chairman of ABC Islamic Bank in 1998.

He then joined Bahrain Islamic Bank as General Manager and member, Board of Directors, and was involved in the restructuring of the Bank which was subsequently rated as the ‘Best Commercial Bank’ in the Gulf by Euro-money magazine.
He proceeded to establish the Al Baraka Banking Group with an authorized capital of US$1.5 billion and played a pivotal role in converting a family owned concern into a dynamic public limited company.

He is the current Chairman of Union of Arab Banks and European Islamic Investment Bank and sits on the board of several highly respected financial institutions. Mr. Yousif has been a major force in promoting Islamic Banking not only in the Middle East but also in Europe, and was instrumental in the formation of the Islamic Bank of Britain.

Due to his meritorious services to Islamic Banking, he was conferred the Award of Islamic Banker of the year thrice in the last 5 years by Ernst & Young, and has also been listed as the top 50 most influential Arabs in the world. Mr. Yousif has done his Masters in Business Administration from the United Kingdom

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