Al Baraka Bank Pakistan Ltd.

Al Baraka Bank Pakistan Ltd., established in 2010, is the product of a merger between Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain, and Emirates Global Islamic Bank (Pakistan). With assets exceeding Rs. 225 Billion, a workforce of over 2300 professionals, and a network of over 170 branches in 84 cities and towns across Pakistan, Al Baraka Bank (Pakistan) Limited offers a range of Shariah compliant products catering to various sectors including Corporate, SME, and Consumer. The bank also provides Shariah compliant deposit schemes, Card-Based and Digital Banking solutions. VIS credit rating gives ABPL an A+ long-term and A1 short-term rating, indicating a lower expectation of credit risk. ABPL is a subsidiary of the Al Baraka Group B.S.C (ABG), a leading international Islamic financial group with operations in 14 countries and listed on Bahrain Bourse. ABG serves a population totaling around one billion customers and has an authorized capital of US$ 2.5 billion. The specific location of the headquarter and the details of the last investment and investors were not provided. The company operates in the Finance, Financial Services, and Banking industries.