BANKISLAMI PAKISTAN LIMITED - AGENDA
Introduction to the Bank, its Vision, Mission and Core Values, Network Size, Range of Services and Products, Credit Rating
Introduction
Investment portfolio, Financing Portfolio, Non-performing Financing, Provision Coverage, Deposits, Operating Profits
Financial Performance
BANKISLAMI PAKISTAN LIMITED - WHO WE ARE
SINCE
October 2004 Incorporated as Public Limited Company to carry out business of an Islamic Commercial Bank
2004
March 2005
Granted 'Scheduled Islamic Commercial Bank' license by Central Bank
v |
PRODUCTS & SERVICES The Bank offers a full range of financial services in corporate, commercial, consumer, retail banking and investment banking activities. |
CREDIT RATING The Pakistan Credit Rating Agency Limited (PACRA) has assigned BankIslami's long-term entity rating at AA- and short term rating at A1 with a Positive Outlook. The ratings reflect BankIslami's sustained risk profile. |
April 2006
Commencement of Operations as an Islamic Bank listed on Stock Exchange
OUR VISION
Promoting global economic prosperity based on Islamic financial system.
OUR CORE VALUES
OUR MISSION
• Shariah Excellence | • | Meritocracy |
• Innovation | • | People-Centric |
• Teamwork |
BRANCH NETWORK The Bank now operates 440 branches including 60 sub branches in 140 plus cities of Pakistan |
LISTING INFORMATION Listed on Pakistan Stock Exchange on April 17, 2006 as BIPL ticker post IPO. |
Saving Humanity from Riba by offering Shariah compliant, customer-centric, innovative financial solutions and creating value for our stakeholders while upholding social responsibility and transparency.
BANKISLAMI PAKISTAN LIMITED - MAJOR STAKEHOLDERS
MAJOR SPONSORS & SHAREHOLDERS
JS Bank Limited
During the year, JS Bank acquired 67.33% shareholding in BankIslami, taking its total shareholding to 75.12%. While both banks will continue to operate independently in their respective domains, we will be able to provide a higher number of touchpoints to a wider client base through a combined network of more than 700 branches. Both banks will also continue to adopt best practices from each institution to improve customer experience.
JS Bank is a banking company incorporated in Pakistan as a public limited company on March 15, 2006. The Bank is a subsidiary company of Jahangir Siddiqui & Co. Ltd. (JSCL) and its shares are listed on Pakistan Stock Exchange Limited (PSX). JS Bank is a scheduled bank, engaged in commercial banking and related services as described in the Banking Companies Ordinance, 1962 and is operating through 291 (2022: 281) branches / sub-branches in Pakistan and one wholesale banking branch in Bahrain (2022: one). The Pakistan Credit Rating Agency Limited (PACRA) has assigned the long-term entity rating of JS Bank to AA- (Double A Minus) whereas short-term rating is maintained at 'A1+' (A One Plus), which is the highest possible short-term rating.
S AJ
Mr. Ali Hussain & SAJ Capital Management Limited
CAPITAL MANAGEMENT LTD.
Mr. Hussain is the founder and Managing Director of SAJ Capital Management Limited, BVI, a family office based in Singapore having strategic investments in Pakistan, Europe & North America. He has overall 38 years of professional experience and specialized in incubating, acquiring and managing technology companies and converting them into growth champions in Singapore, USA, Germany, UK and Canada.
REGULATORS, MEMBERSHIP & LICENSES
BANKISLAMI PAKISTAN LIMITED - NATIONAL OUTREACH AND BRANCH COVERAGE
Presence in over 150
Cities
440+
Branches
444 ATMs
Nationwide Presence with focus to reach Unbanked Areas to encourage financial inclusion
PERSONAL BANKING
Cash Management &
Employee Banking
Embracing fast pace of technology, BankIslami is offering Corporate Payments, Corporate Bill/ Tax Payments, Bulk Real Time Gross Settlement - RTGS, introduction of Payment voucher for mutual funds redemption, off-site pay-order printing, MT-940 availability and collections via POS solution. Besides this, also offering payroll processing, bike financing and consumer durable goods financing.
Small and Medium-sized Enterprises (SMEs) drive economic growth by stimulating innovation, acting as a critical value chain partner to existing businesses to increase their productivity and making a disproportionately large contribution to job creation. BankIslami is dedicated in supporting SME business with all the products and services available through its branch banking network. The products and services are offered to SME clients strictly under Shariah modes.
SME FINANCING
AGRI FINANCING
Investment Banking is a high Economic Value-Added franchise of the Bank, specialized in tailoring and structuring varied complex deals in an innovative and Shariah Compliant manner to meet the on-going critical needs of large corporate clientele. Such deals may range from short-term to long-term syndicated deals, raising of redeemable capital through Islamic debt instruments i.e. Islamic Commercial Paper (ICP) and Sukuk, offering of securities to raise equity or typical project & structured financing.
BankIslami provides solution where farmers can purchase tractors & equipment for their farm, based on Diminishing Musharakah under Shirkat-ul-Milk arrangement. This segment also offers financing to farmers to fulfill their short term working capital requirements.
BankIslami offers a wide variety of accounts fulfilling all the financial needs of its diverse customer base.
INVESTMENT BANKING
CORPORATE BANKING
BankIslami offers a world class Shariah compliant financing solutions to its corporate customers. Various products and services are offered to help its clients' in achieving their business objectives.
CONSUMER FINANCE
BankIslami offers a range of house financing, auto financing, takaful and remittance products to its customers.
SPECIALIZED PRODUCTS
One Touch Banking
Wealth Management
Islamic Housing
FinanceHome Remittance
Islamic Auto Loans
Shariah Compliant Investment Solutions
Freelancer Account
Digital Delivery Channel
BANKISLAMI PAKISTAN LIMITED - JOURNEY OF A TURN-AROUND (Contd)
Particulars | 2018 | 2023 | CAGR % |
---Rupees in Mn--- | |||
Operating Profit before Provisions | 439 | 26,915 | 128% |
Profit Before Tax | 403 | 20,523 | 119% |
Profit After Tax | 213 | 11,045 | 120% |
Total Deposit | 185,945 | 522,541 | 23% |
Current A/c Deposits | 59,746 | 194,998 | 27% |
Total Assets | 215,743 | 654,866 | 25% |
Investments - net | 38,832 | 314,084 | 52% |
Financing - net | 118,571 | 230,194 | 14% |
Total Equity | 14,515 | 36,466 | 20% |
Capital Adequacy Ratio (CAR) % | 3.87% | 23.79% | 44% |
Operating expenses per employee* | 2.2 | 2.74 | 5% |
Total income per employee* | 2.4 | 7.38 | 25% |
* Closing No of Employees
Deposit | 2018 | 2023 | Absolute Growth | CAGR |
Rs. In Million | % | |||
Industry | 13,353,916 | 29,128,202 | 118% | 17% |
BIPL | 185,945 | 522,541 | 181% | 23% |
BIPL Market Share | 1.4% | 1.8% |
Financing Net | 2018 | 2023 | Absolute Growth | CAGR |
Rs. In Million | % | |||
Industry | 7,888,024 | 12,178,293 | 54% | 9% |
BIPL | 118,571 | 230,194 | 94% | 14% |
BIPL Market Share | 1.5% | 1.9% |
Investments | 2018 | 2023 | Absolute Growth | CAGR |
Rs. In Million | % | |||
Industry | 7,583,240 | 26,019,114 | 243% | 28% |
BIPL | 38,832 | 314,084 | 709% | 52% |
BIPL Market Share | 0.5% | 1.2% |
10
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Bank Islami Pakistan Ltd. published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 06:16:04 UTC.