This article needs to be updated. Please help update this article to reflect recent events or newly available information.(December 2014)
Burj Bank Limited, formerly known as Dawood Islamic Bank Limited (DIBL), now merged into Al Baraka Bank,[2] was Pakistan's sixth full-fledged Islamic commercial bank. The bank received its license from the State Bank of Pakistan in May 2006,[3] and officially commenced its operations on Friday, April 27, 2007.
The bank was the result of an initiative of the First Dawood Group, with the Islamic Corporation for the Development of the Private Sector (ICD) in Jeddah, Unicorn Investment Bank in Bahrain, Al Safat Investment Company in Kuwait, Gargash Enterprises (LLC) in Dubai, the Singapore-based entrepreneur Azam Essof Kolia and Shaikh Abdullah Mohammad Al-Romaizan, an entrepreneur from the Kingdom of Saudi Arabia. In July 2011, the bank was renamed Burj Bank.[4]
Burj Bank has a diversified range of shariah-compliant funded and non-funded products and services aimed at both individual and corporate customers. The bank also offers investment and corporate advisory services.
Burj Bank merged into the Al Baraka Bank in 2016.[5]
burj, bank, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, december, 2014, limited, formerly, known, dawood, islamic, bank, limited, dibl, merged, into, baraka, bank, pakistan, sixth,. This article needs to be updated Please help update this article to reflect recent events or newly available information December 2014 Burj Bank Limited formerly known as Dawood Islamic Bank Limited DIBL now merged into Al Baraka Bank 2 was Pakistan s sixth full fledged Islamic commercial bank The bank received its license from the State Bank of Pakistan in May 2006 3 and officially commenced its operations on Friday April 27 2007 Burj Bank LimitedFormerlyDawood Islamic Bank LimitedCompany typeIslamic bankDefunct2016FateMerged with Al Baraka BankSuccessorAl Baraka BankHeadquartersKarachi PakistanArea servedPakistanKey peopleAhmed Khizer Khan CEO RevenuePKR 1 188 Million 2009 1 Net incomePKR 292 63 Million 2014 1 WebsiteOfficial websiteThe bank was the result of an initiative of the First Dawood Group with the Islamic Corporation for the Development of the Private Sector ICD in Jeddah Unicorn Investment Bank in Bahrain Al Safat Investment Company in Kuwait Gargash Enterprises LLC in Dubai the Singapore based entrepreneur Azam Essof Kolia and Shaikh Abdullah Mohammad Al Romaizan an entrepreneur from the Kingdom of Saudi Arabia In July 2011 the bank was renamed Burj Bank 4 Mufti Muneeb ur Rehman was heading Shariah Department of the Bank as the bank s Shariah advisor It currently has 75 online branches Burj Bank has a diversified range of shariah compliant funded and non funded products and services aimed at both individual and corporate customers The bank also offers investment and corporate advisory services Burj Bank merged into the Al Baraka Bank in 2016 5 References edit a b DIBL 2009 Annual Report Archived March 10 2012 at the Wayback Machine Al Baraka to merge with Burj Bank Dawn newspaper Reuters Sep 6 2016 Retrieved 3 January 2017 SBP issues Islamic banking licence to Dawood Islamic Bank Daily Times Pakistan 2006 05 23 Retrieved 2006 11 25 Dawood Islamic Bank scales new heights as Burj Bank Pakistan Today 14 July 2011 Al Baraka to merge with Burj Bank Express Tribune Reuters Sep 6 2016 Retrieved 3 January 2017 External links edit nbsp Banks portalOfficial website nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte nbsp This Pakistani corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Burj Bank amp oldid 1175676472, wikipedia, wiki, book, books, library,
