Report Company
Emirates Global Islamic Bank Limited
Alhamdolillah, Emirates Global Islamic Bank Limited, a dedicated Islamic Commercial Bank, commenced operations in February 2007. Presently the Bank has ten branches in Pakistan (5 in Karachi, 2 in Lahore, 1 each in Peshawar, Gujranwala & Quetta). This network will be of 25 branches in 2008.
Incorporated in Pakistan and sponsored by leading investors from the United Arab Emirates and Saudi Arabia, Emirates Global Islamic Bank Limited aims to become a major player in the rapidly growing Islamic banking industry by offering Riba-free yet highly competitive banking products, based on the teachings of the Quran and Sunnah.
EGIBL believes in making a positive contribution to society by continuously striving to provide Halal alternatives to conventional banking products, complemented with superior service and cutting-edge technology.
All the right reasons:
Islamic Banking is emerging as a major trend on the global financial scene and the quantum of this industry presently stands at over US$ 300 Billion. It has become one of the fastest growing industries not only in the world but also in the region. In Pakistan, Islamic Banking is expected to grow rapidly to achieve a 12% share of the banking industry by 2012.
The reason behind this phenomenal growth is the fact that Islamic Banking is based on ethical practices and promotes honesty, transparency and fairness. It has far reaching benefits, which can be enjoyed by both Muslims and non-Muslims alike.
Emirates Global Islamic Bank Limited is committed to the cause of extending the reach of Islamic Banking in Pakistan and thereafter globally.
Strong and trusted:
Emirates Global Islamic Bank Limited is backed by leading investors from United Arab Emirates and Saudi Arabia, who are committed to the cause of Islamic banking.
The sponsoring shareholder of the bank, Emirates Investments Group (EIG), headquartered in Sharjah, United Arab Emirates, is a leading investment company which has strategic investments in the property development and financial services sectors in the Middle East and Asia Pacific regions.
Shiekh Tariq Bin Faisal Al Qassimi, a member of the ruling family of Sharjah, is the Chairman and co-founder of Emirates Investments Group.
EIG has setup ENSHAANLC, a high quality property development company which is a joint venture with National Logistics Cell (NLC) for development of the Karachi Financial Towers, a state of the art commercial complex on I. I. Chundrigar Road, Karachi. Other major investments of the group in Pakistan include Trust Securities and Brokerage Limited (TSBL), which is a brokerage firm based in Lahore.
The other major shareholder of Emirates Global Islamic Bank Limited is Al Rajhi family of Saudi Arabia. This group is also a major shareholder in the Al Rajhi Bank of Saudi Arabia which is the largest Islamic bank in the world with assets over SAR 100 Billion.
Incorporated in Pakistan and sponsored by leading investors from the United Arab Emirates and Saudi Arabia, Emirates Global Islamic Bank Limited aims to become a major player in the rapidly growing Islamic banking industry by offering Riba-free yet highly competitive banking products, based on the teachings of the Quran and Sunnah.
EGIBL believes in making a positive contribution to society by continuously striving to provide Halal alternatives to conventional banking products, complemented with superior service and cutting-edge technology.
All the right reasons:
Islamic Banking is emerging as a major trend on the global financial scene and the quantum of this industry presently stands at over US$ 300 Billion. It has become one of the fastest growing industries not only in the world but also in the region. In Pakistan, Islamic Banking is expected to grow rapidly to achieve a 12% share of the banking industry by 2012.
The reason behind this phenomenal growth is the fact that Islamic Banking is based on ethical practices and promotes honesty, transparency and fairness. It has far reaching benefits, which can be enjoyed by both Muslims and non-Muslims alike.
Emirates Global Islamic Bank Limited is committed to the cause of extending the reach of Islamic Banking in Pakistan and thereafter globally.
Strong and trusted:
Emirates Global Islamic Bank Limited is backed by leading investors from United Arab Emirates and Saudi Arabia, who are committed to the cause of Islamic banking.
The sponsoring shareholder of the bank, Emirates Investments Group (EIG), headquartered in Sharjah, United Arab Emirates, is a leading investment company which has strategic investments in the property development and financial services sectors in the Middle East and Asia Pacific regions.
Shiekh Tariq Bin Faisal Al Qassimi, a member of the ruling family of Sharjah, is the Chairman and co-founder of Emirates Investments Group.
EIG has setup ENSHAANLC, a high quality property development company which is a joint venture with National Logistics Cell (NLC) for development of the Karachi Financial Towers, a state of the art commercial complex on I. I. Chundrigar Road, Karachi. Other major investments of the group in Pakistan include Trust Securities and Brokerage Limited (TSBL), which is a brokerage firm based in Lahore.
The other major shareholder of Emirates Global Islamic Bank Limited is Al Rajhi family of Saudi Arabia. This group is also a major shareholder in the Al Rajhi Bank of Saudi Arabia which is the largest Islamic bank in the world with assets over SAR 100 Billion.