Adnan Yousif said that opening of Al Baraka Pakistan House marks a new beginning in a spirit of hope and optimism for future growth and progress in the current economic mayhem.
Dating back to two decades of providing seamless alternative to conventional banking and causing a stir on both global and local fronts with utmost concentration on Shariah principles, Al Baraka has spread its wings yet again to achieve an important milestone.
The inauguration ceremony was attended by the members of the board, Chief Executive Officer, Chief Operating Officer, and the management of Al Baraka Bank (Pakistan) Limited. Al Baraka House is located at: 162, Bangalore Town, Main Shahreh-e-Faisal, Karachi, Pakistan.
“This is indeed a special occasion, not only for Al Baraka Pakistan, but it does signify the Global strength of Al Baraka as a Global Islamic Bank, with presence of over 500 branches in more than 15 countries around the world”, Adnan Ahmed Yousif, Chairman of the Board- Al Baraka Bank (Pakistan) Limited, said.
“We can reflect today on more than a decade long story of Al Baraka Bank Pakistan’s growth and progress–and we (at Al Baraka) can think ahead to a future of continued achievement and success, a new Head Office building for Pakistan Operations, marks a new era of innovation and commitment to our believe of being customer’s first choice in providing them a one stop solution for all their Islamic Financial needs.”
Al Baraka Bank (Pakistan) Limited is a part of Al Baraka Banking Group (ABG), the leading international Islamic banking group in the Gulf region. ABG is a joint stock company listed on the Bahrain and the NASDAQ Dubai stock exchanges.
“In an era of stiff competition where the economy is grappled with numerous challenges, Al Baraka Pakistan strongly relies on providing superior customer service, development of Islamic alternatives to conventional banking facilities, strict adherence to Shariah rulings and ethical practices.”
“Being one of the largest Islamic banks in the country, we plan to launch many initiatives in the near future in accordance with the group’s strategy to expand and penetrate deeper in the local market through further branch expansion and extensive focus on product innovation.”, he further added “We consider Pakistan as one of the most important markets in the Muslim world where the future of Islamic Banking is prosperous, keeping in view, the wide scope and the massive untapped Islamic Banking market,” The Chief Executive Officer of Al Baraka Bank (Pakistan) Limited, Shafqaat Ahmed, said.
Going forward, based on ABG’s vision to increase its footprint across the globe by achieving a branch network of more than 800 branches by 2018, Al Baraka Bank Pakistan is all poised to brace the challenges ahead and is geared to play a meaningful role in the development of Islamic Banking in Pakistan and adding value to the economic growth of the country.