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INTRODUCTION

Islamic Banking Division was formed with effect from 1st January 2003, which in a short span of time, has developed sufficient expertise, necessary infrastructure, information technology, and manpower to run Islamic Banking Operations and offer Islamic Banking Products.

Mission Statement

To play a dynamic role in promotion of Islamic Banking and win customers trust by providing sharia compliant financial services.

Vision Statement

To become a leader among Islamic Banks of the country in the coming years capturing major share of the domestic Islamic financial market.

Shariah Advisor

Dr. Muhammad Zubair Usmani, working as Sharia Advisor in our bank since July 2000 is a prominent scholar having Ph.D. degree in Islamic Finance as well as Fazil Takhassus from Jamia Darul Uloom Karachi, (i.e. specialist of Islamic Fiqh and Fatawa).

He has attended and addressed several international and local seminars / conferences as guest speaker in Pakistan as well as abroad.

He has also worked as Research Scholar and member of various forums and committees formed for promoting the cause of Islamic Banking in Pakistan and abroad.

All products are approved by our Sharia Advisor Dr. Muhammad Zubair Usmani and these are further approved and vetted by Dar ul Ifta, Jamia Dar ul Uloom Korangi Karachi.

Majority of the products are signed by Maulana Muhammad Taqi Usmani.

Legal Advisor

M/s Mohsin Tayebaly & Co., Advocates & Legal Consultants, has vetted all documentation. The Co. for this purpose not only have expertise in legal and corporate affairs but also have competent lawyers possessing knowledge of Sharia.