Your Partner Bank Has Just Created History

ABPL will have assets in excess of Rs. 50 billion, a workforce of 1400 professionals and a network of 89 branches in 36 cities and towns across the country. ABPL will commence operations from October 29, 2010 and consequently, all branches of AIBP and Emirates Global Islamic Bank will be re-branded as ABPL.

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. Substantial capital resources, combined with a nationwide branch network will enable ABPL to provide a full range of Islamic banking services, supported by the experience and expertise of the parent company, ABG.

The operations of AIBP dates back to 1991, and at the time of merging its operations it had 29 branches across Pakistan, an asset base of Rs. 31billion and profit before tax of Rs.168million.

Emirates Global Islamic Bank began its operations in Pakistan in 2007 with principal shareholders being Emirates Investment Group (through Emirates Financial Holding Company) and Al Rajhi Investment Group (through Mal Al Khaleej Investment Company).

At the time of the merger, EGIB had a 60 branch network located in 31 cities and towns throughout the country.

AIB is a subsidiary banking unit of 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, the asset base of US$ 15 billion and total equity is US$ 1.7 billion and is present in Jordan, Bahrain, Algeria, Sudan, South Africa, Lebanon, Tunisia, Egypt, Turkey, and Syria, with a representative office in Indonesia.

The total number of branches of the Al Baraka Banking Group, including Pakistan, will exceed 360 branches.

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Current Account can be opened in one of the listed currency below with no restriction in the number of withdrawal and deposits.

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Al Baraka Business Plus Account has evolved with time to offer ease, flexibility and a wide range of unmatched free services. This product is specially tailored to match all the daily needs of business class and individual customers.

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Al Baraka Shafqaat Account has been introduced as socially responsible banking services for most valued segments of our society in order for them to make their routine transactions with premium customer support along with healthy return on their investment. Al Baraka is the only full-fledged Islamic bank to offer such account services for the target market mentioned herein. This account comes along with a wide range of free services and benefits.


Al Baraka Mahana Barkah Account provides regular stream of halaal monthly income for lower and middle group customers with the same convenience and services of a regular savings account.