Project on Albarka Bank LTD

		OUR VISION To be a leading and a diversified International Islamic Bank, Offering a wide range of Quality Products and Services and Forming strategic alliances for a Competitive Edge. THE MISSION STATEMENT We strive to be a Premier Regional Islamic Bank, Dedicated to the Economic and Social Development of our target market, Maximising our Clients and Shareholders Value And focusing on the Human Resource Development In an environment of Creativity and Innovation. BREIF BACKGROUND AlBaraka Islamic Bank (AIB) has the honor of being the pioneer of Islamic banking in Pakistan and has been operating in the country as branches of AlBaraka Islamic Bank Bahrain since 1991. Over the years, the bank has successfully developed and maintained its identity as one of the leading providers of a host of banking products and services in strict compliance with Shari’ah principles. Currently operating with 18 branches in 10 major cities of the country, AIB offers a wide array of Islamic financing products such as Murabaha, Ijara, Musharaka and Islamic Export Refinance, catering to a diverse cross-section of the economy, including the Corporate, SME and Consumer sectors. Moreover, various Shari’ah compliant deposit schemes are available for customers to invest their funds in, along with a variety of other ancillary services such as online banking, ATM/debit card, safe deposit lockers and utility bill payments etc. AlBaraka Islamic Bank is a member of Albaraka Banking Group (ABG) which is a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges and one of the well-known leading international Islamic banks. ABG is the biggest Islamic banking group listed on the Bahrain Stock Exchange in terms of capitalization. It has been rated by Standard & Poor's as BBB- with a short-term rating of A-3. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Shariá. The authorized capital of ABG is US$1.5 billion, while the total equity amounts to about US$ 1.5 billion. The Group has a wide geographical presence in the form of subsidiary banking Units in 12 countries, which in turn provide their services through more than 240 branches. These banking Units are Jordan Islamic Bank/ Jordan, Al Baraka Islamic Bank/ Bahrain, Al Baraka Islamic Bank/ Pakistan, Banque Al Baraka D'Algerie/ Algeria, Al Baraka Bank Sudan/Sudan, Al Baraka Bank Ltd/ South Africa, Al Baraka Bank Lebanon/Lebanon ,Bank Et-Tamweel Al- Tunisi Al Saudi/ Tunisia,The Egyptian Saudi Finance Bank/Egypt, Al Baraka Turk Participation Bank/Turkey, Albaraka Bank Syria (under establishment), and representative office, Indonesia. ABG is committed to expanding its presence in Pakistan, which is evident from the rapid growth being undertaken by AlBaraka Islamic Bank in the country. Building on the expertise and experience of its workforce and the growing awareness of Shari’ah compliant banking solutions among the masses, AIB has successfully developed itself as a major unit of ABG operating in the region, capitalizing on the Group’s geographical presence and high quality research and development in Islamic financial products for its business expansion in the country. Faced with growing challenges in this rapidly developing market, AIB strongly relies on its ability to be an effective and efficient market player through renewed focus on superior customer service, development of Islamic alternatives to conventional financing facilities, and strict adherence to Shari’ah rulings and principles. ALBARAKA’S COMMITMENT TO ISLAMIC BANKING AlBaraka Islamic Bank and Albaraka Banking Group are fully committed to develop and promote an integrated Islamic Financial System. Compliance with the rules and principles of Islamic Shariah is the core of the banking and financial activities and its philosophy. All its banking activities are very closely regulated by a Board of Shariah Advisors based at the Head Office in Bahrain and a Shariah Advisor based in Pakistan, to ensure strict compliance with the highest standards of Islamic Banking principles. ALBARAKA’S RANGE OF PRODUCTS & SERVICES AlBaraka Islamic Bank in Pakistan, offers a comprehensive range of banking products and services, to suit and serve customers in individual, retail, corporate, SME and consumer categories, as given on the relevant pages of this website
	At AlBaraka, we are committed to develop and promote an integrated Islamic Financial system. Compliance with the rules and principles of Islamic Shariah is the core of banking and financial activities of the Bank. TERM DEPOSITS Term or Time Deposits offered according to the principles of Shariah: For periods from Seven Days to Five Years and more, to suit Your Requirement In Pak Rupees or Foreign Currencies Most rewarding returns on your Deposits, based on Bank's Profitability Facility for Encashment before maturity, if you need it Financing Facilities against your Savings on easy terms Flexible Investment from 1 month to 5 years ATM Facility Cash when you need it, 24 hours a day, 7 days a week Available at thousands of ATM's on the 1-LINK & M-NET networks throughout Pakistan Very competitive charges AlBaraka Islamic Bank is pleased to reaffirm its commitment to continue in its tradition of providing class service to its valued clientele. Our ambition is to be customer focused in all our efforts and our ultimate goal is to provide you seamless and trouble free banking solutions. Your BARAKASH is being accepted on all the ATM Machine across Pakistan. By the grace of God, AlBaraka Islamic Bank has started its ATM Card Services from February 12, 2004. Charges of ATM Services: Issuance Charges Rs. 200/- Duplicate Card Issuance Rs. 200/- Financial Transaction Rs. 15/- These charges are being introduced to provide you a consistent, problem free and timely service experience, every time you use BARAKASH. We thank you once again for choosing BARAKASH and look forward to a mutually beneficial and long-term relationship. Debit Card Your BaraKash card doubles up to serve as your Debit Card also Just shop at any of the member outlets and pay by direct debit to your AlBaraka account - you don't have to carry cash on shopping Online Banking Connecting all our branches on-line in real-time Deposit into, Withdraw from or Check Balances in, your account at any AlBaraka Branch in any city, from any AlBaraka branch in any city, as you wait! Convenient for both: Individuals and Business People Tell us what else can we do for You, and we shall certainly try our best! SAFE DEPOSIT LOCKERS (only at Lahore and Islamabad Branches) PREFERENCE CRITERIA FOR ALLOTMENT Working Ladies Housewives Professionals ADDED ADVANTAGE Maximum security with "Dual Lock System" Each Locker with a separate Box and your private lock for added protection * Key Deposit RS 500 - Non Refundable. Yearly Locker Rental to be recovered in advance PRODUCT HIGHLIGHTS Maximum amount Rs. 1,000,000 Swift approval within 2-3 days Strict compliance to Islamic Sharia'h 3 year and 5 year term ijara at competitive rates Available against any brand new unregistered car Car to be registered in the name of the bank Client to be provided with authenticated duplicate   registration of the car and duplicate key, along with an   authorization certificate from AIB permitting the client   to drive the vehicle Spouse, children or parents can be co-applicants,  subject to the age criteria The facility has an early adjustment option in which  asset can be purchased by making payments at the pre  determined amount given in the undertaking to purchase  the leased asset Provisional rental schedule to be provided to the  customer at the time of booking of the asset and the  payment will be made on the basis of this schedule. Any  revision in the payment schedule during the intervening period from the date of  booking to the date of delivery will result in the adjustment to the rental schedule. FEE & PAYMENTS 10% of the value of the car to be provided as security deposit Payments through equal monthly rental to the Bank in the form of post dated cheques One time processing and documentation charges Rs. 3,000 ELIGIBILITY All Pakistani nationals holding computerized NIC. Old NIC acceptable against evidence  of having applied for new Minimum 21 years of age at the start of financing and maximum 60 years at the time  of maturity Salaried, Business or Self-employed Your dream, your peace of mind, a house or Maskan of your own, is now a reality with AlBaraka's 'Maskan' home finance scheme on the Shariah compliant concept of Diminishing Musharaka. We Respond to Your Needs Purchase of House / Flat Construction of House Purchase of Plot & Construction Renovation of House / Flat Asset Transfer Facility Eligibility Minimum age 25, Maximum 60 years (at the time of maturity of Musharaka) Available for salaried and self-employed Minimum income* as low as Rs. 20,000 per month Why Albaraka's Maskan? Strictly Shariah Compliant Minimum processing charges Quick approval process Up to 80% of Bank's participation Low rental rates Fixed and floating rate options Repayment tenure from 3-to 20 years Financing up to Rs. 20,000,000 Bank shares in Insurance and property tax Co-applicant option (last declared rates)

	Corporate Banking AlBaraka Islamic Bank offers a wide range of banking products and services, fully complying with Shariah principles, as mentioned below, to meet the needs of Sole Proprietorship concerns, Partnership firms, Public/Private Limited Companies and other business entities, falling in the SME, Consumer or Corporate categories: Current, Savings & Time Deposits Joint Pool Investment Accounts Import Financing Export Financing Working Capital Financing Infrastructure Financing Project Financing> Financing of other Business needs All financing/investment facilities comply with Shariah-compliant modes of financing, such as: Murabahah ( Sale/Purchase/Trading) Musharaka (Partnership) Ijarah (similar to Leasing) Istasna & Salam (Sale of goods at a future date) Investment in Sukuks (Islamic Bonds
		Head Office- Bahrain Building 238 Road # 1704, Manama 317, Bahrain. P.O. Box # 1882, Manama - Bahrain. Tel: (973) 535300 Tlx: 8220 BARAKA BN Fax: (973) 533993 E-mail: barakapk@batelco.com.bh Web Site: www.barakaonline.com Country Office - Pakistan 95-B, Hali Road, Gulberg II Tel: +92-42-5756016, 5756074, 5756084, 5756143, 5756258 Fax: +92-42-5756877 Email: albaraka@albaraka.com.pk

	95-B, Hali Road, Gulberg II, Lahore, Pakistan Tel: +92-42-5756016, 5756074, 5756084, 5756143, 5756258 Fax: +92-42-5756877 Email: lhr@albaraka.com.pk Lahore Circular Road Branch 64-Circular Road Tel: +92-42-7674801,3,4 Fax: +92-42-7674802 Email: dha_lhr@albaraka.com.pk Lahore DHA Branch 80-Y, Commercial Area, Phase-III, DHA Tel: +92-42-5892771 - 5 Fax: +92-42-572-1482 Email: lcr@albaraka.com.pk Lahore Shadman Branch 5, Race Course Road   Faisalabad Branch 816-C Main Faisal Lane, Civil Lines, Tel: +92-41-637321-3, UAN: +92-41-111-742-742 Tlx: 43522 BARAKA PK Fax: +92-41-634377 E-mail: fsd@albaraka.com.pk Gujranwala Branch Anwar Industries Complex, G.T. Road, Tel: +92-55-4273172 Fax: +92-55-4273190 Multan Branch 76 Abdali Road, Tel: +92-61-4500371 - 4 Fax: +92-61-4500375 Region: Central Lahore Main Branch 95-B, Hali Road, Gulberg II, Lahore, Pakistan Tel: +92-42-5756016, 5756074, 5756084, 5756143, 5756258 Fax: +92-42-5756877 Email: lhr@albaraka.com.pk Lahore Circular Road Branch 64-Circular Road Tel: +92-42-7674801,3,4 Fax: +92-42-7674802 Email: dha_lhr@albaraka.com.pk Lahore DHA Branch 80-Y, Commercial Area, Phase-III, DHA Tel: +92-42-5892771 - 5 Fax: +92-42-572-1482 Email: lcr@albaraka.com.pk Lahore Shadman Branch 5, Race Course Road   Faisalabad Branch 816-C Main Faisal Lane, Civil Lines, Tel: +92-41-637321-3, UAN: +92-41-111-742-742 Tlx: 43522 BARAKA PK Fax: +92-41-634377 E-mail: fsd@albaraka.com.pk Gujranwala Branch Anwar Industries Complex, G.T. Road, Tel: +92-55-4273172 Fax: +92-55-4273190 Multan Branch 76 Abdali Road, Tel: +92-61-4500371 - 4 Fax: +92-61-4500375