Al Baraka Bank (Pakistan) Limited (ABPL) is the result of a merger between Al Baraka

Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB)
Bahrain, a subsidiary of Al Baraka Banking Group (ABG) Bahrain, and Emirates Global
Islamic Bank (Pakistan). The merged entity commenced operations on November 1st
2010. The merger, a first in the Islamic Banking sector in Pakistan, positions ABPL to
play an important role in further growing an industry which has witnessed tremendous
growth over the last 5 years.

With assets in excess of Rs. 50 billion; a workforce of 1400 professionals and a network
of 89 branches in 36 cities and towns pan Pakistan, Al Baraka Bank (Pakistan) Limited is
devoted in providing the customers with a range of Shariah compliant and highly
competitive products to suit their banking needs.

Faced with growing challenges in this rapidly developing market, ABPL 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 Shariah rulings and principles.

ABPL offers a wide array of Islamic financing products such as Murabaha, Ijarah,
Musharakah and Islamic Export Refinance etc., catering to a diverse cross-section of the
economy including the Corporate, SME and Consumer sectors. Moreover, various
Shariah compliant deposit schemes are also available for customers to invest their funds
in, along with a variety of other ancillary services such as online branch banking,
ATM/debit card, SMS banking, electronic statement of accounts, safe deposit lockers and
utility bill payments.

The Pakistan Credit Rating Agency (PACRA) has assigned long-term and short-term
rating entity A, and A2 respectively. These ratings denote a lower expectation of credit
risk emanating from a strong capacity for timely payments of financial commitments.
The ratings reflect a strong association with the Sponsor group Al Baraka Banking Group
that projects a unified corporate identity…One Vision…One Identity…One Group.
It is a leading International Islamic bank with Standard & Poor’s long and short-term
credit ratings of BBB- and A-3 respectively and offers retail, corporate and investment
banking, and treasury services strictly in accordance with the principles of Islamic
Shariah. The authorized capital of ABG is US$1.5 billion; asset base of US$15billion and
total equity of US$ 1.8 billion. The group has Banking units in 11 countries and
representative office in 2 countries spanning from Europe to MENA and Asia. Presently
the focus is to expand into Malaysia, Indonesia and France. The total number of branches
of the Al Baraka Banking Group, including Pakistan, is over 300 branches and growing.

It is a part of their commitment, to put their customer’s values foremost, hence providing
them with a banking solution that is in line with their beliefs.

Vision:

We believe that society needs a fair and equitable financial system which rewards effort
and contributes to the development of the community.

Mission Statement:

To meet the financial needs of communities across the world by conducting business
ethically in accordance with the Sharia, practicing the highest professional standards and
sharing the mutual benefits with the customers, staff and shareholders who participate in
our business success.

Core Values:

• PARTNERSHIP - Our shared beliefs create strong bonds that form the basis of
long term relationships with customers and staff.
• DRIVEN - We have the energy and perservance it will take to make an impact in
our customer’s lives and for the greater good of the society.
• NEIGHBOURLY - We value and respect the communities we serve. Our doors
are always open; our customers always experience a warm-hearted, hospitable
welcome and accommodating service.
 • PEACE OF MIND - Our customers are rest assured that their financial interests
are being managed by us to the highest ethical standards.

Source: Al Baraka