6. MERGER OF AL-BURJ BANK INTO AL-
BARAKA:
AL-Burj Bank has been merged into Al-Baraka Bank
Pakistan effective 1st November, 2016.
Now even more stronger and larger with 224 branches
spread across 100 cities in Pakistan.
Catering to all your banking needs the Shariah compliant
way.
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8. Al Baraka (Pakistan) Limited (ABPL) came into being as a result of the
first merger in the Islamic Banking sector of Pakistan.
The merger took place between the branch operations of Al Baraka
Islamic Bank (AIB) Bahrain, Al Baraka Islamic Bank Pakistan (AIBP)
and Emirates Global Islamic Bank (Pakistan), and thus from 1
November 2010, the operations of the merged entity began.
Al-Baraka Islamic Bank is a member of Al-Baraka 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 and has been operating in the country as branches of Al-
Baraka Islamic Bank Bahrain since 1991.
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History:
Al-Baraka Bank Pakistan Ltd.
9. Al-Baraka Bank’s Commitment to Islamic
Banking:
For Islamic financial system, Al Baraka Bank 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.
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10. Present Status in Pakistan:
With assets, more than Rs.120 billion; a workforce of over 2800
professionals and a network of 224 branches in 100 cities and
towns across Pakistan, Al Baraka Bank (Pakistan) Limited is
devoted in providing customers with a range of Shariah
compliant products to suit their banking needs.Currently there
are 11,458 employees working at different branches of Al –
Baraka Islamic at Pakistan.
The authorized capital of ABG is US$ 1.5 billion; asset base of
US$ 24 billion and total equity of US$ 2.1 billion. The group has
Banking units and representative offices in 15 countries
spanning from Europe to MENA and Asia, with a network
exceeding 775 Branches.
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11. Vision:
“We believe society Needs a fair and Equitable system
one Which rewards Effort And contributes to the
development of the community.”
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12. 12
“To meet the financial needs of communities across the world by
conducting business ethically in accordance with our beliefs,
practicing the highest professional standards and sharing the
mutual benefits with the customers, staff and shareholders who
participate in our business success”
Mission Statement:
14. Objectives of Al-Baraka Bank:
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Business growth and geographical expansion.
To provide innovative and high quality research and development into
Islamic financial products.
Distribute its products and services and promote cross border services.
To maintain the highest international standards of corporate governance
and regulatory compliance.
15. Core values of Al-Baraka Bank:
Nationalistic: Concerned about our people and our land.
Trusting: We believe in building strong relationships with our
customers.
Reliable: We believe our customers are number one
We will never let them down; We can be counted on to deliver
more.
Optimistic: We have a positive outlook for the future.
Forward Looking: Always expecting the best possible outcome.
Professional: We are passionate about giving our customers a
world-class service.
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17. 17
Shaikh Saleh Abdullah Kamel Chairman
Mr. Abdulla A. Saudi Vice Chairman
Mr. Abdullah Saleh Kamel Vice Chairman
Mr. Saleh Al Yousef Board Member
Mr. Adnan Ahmed Yousef Board Member and President & Chief Executive
Mr. Abdul Elah Sabbahi Board Member
Mr. Ebrahem Fayez Al Shamsi Board Member
Mr. Jamal Bin Ghalaita Board Member
Mr. Yousef Ali Fadhil bin Fadhil Board Member
Dr. Bassem Awadallah Board Member
Mr. Mayodan Saleh Kamel Board Member
Mr. Fahad Abdullah A. Al-Rajhi Board Member
Mr. Saud Saleh Al Saleh Board Member
Mr. Salah Othman Abu Zaid Board Member
Board of Directors:
18. 18
Mr. Shafqaat Ahmed Chief Executive Officer
Mr. Ahmed Shuja Kidwai Chief Operating Officer
Mr. Amjad Ali Group Head Commercial & SME Banking
Mr. Abid Ajmal Head of Credit
Mr. Ayaz Ahmed Chief Risk Officer
Mr. Umar Fareed Head of ADC Products
Mr. Kazim Raza Group Head Retail Banking
Mr. Abdul Razzaq Group Head Corporate & Investment Banking
Mr. Akram Khan Head of IT
Mr. Hanif Ashraf Head of Internal Audit
Ms. Farah Naz Head of Corporate Communications & Marketing
Mr. Tamim Shabbier Chief Financial Officer
Mr. Kanwar Shahzad Head of Treasury
Mufti. Abdullah Siddiqui Resident Shariah Board Member (RSBM)
Mr. Nadeem Asghar Ansari Head of Financial Institutions
Mr. Ahmed Noor Head of Special Asset Management
Mr. Masroor Rao Chief Compliance Officer
Mr. Mukkarram Jafri Head of HR & GSD
Mr. Shaker Nanji Head of Operations
Mr. Akif Imtiaz Head of Consumer Finance
Dr. Fakhara Rizwan Company Secretary & Head of Legal
Executive Mangaement
20. Al Baraka Halal Munafa Account
Al Baraka Asaan Account
Al Baraka Current Account
Al-Baraka Basic Banking
Al Baraka Savings Account
Al Baraka Khazana Account
Al Baraka Term Deposit
Al Baraka Mahana Amadani
Al Baraka Senior Citizens Account
Tifl-Young Savers Account
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Products of Al-Baraka:
21. 21
ABPL Auto Ijarah
Car Ijara
Rahnuma Travel Services
Sarparast Family Takaful Plan
Al Bait Home Finance
22. Car Ijarah:
AlB provide the facilities of car Ijarah/leasing to his customer. AlB
provided fund up to 4 million to his customer for the period of 2 to 5
year. No interest concept is involved, therefore profit margin is not
announced before transaction finance on the concept of asset based
financing. Therefore no chance of default for bank.
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23. Business Banking:
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Corporate & Investment Banking
Commercial & SME Banking
Public Sector and Institutional Relations
Financial Institution
Treasury
24. Corporate & Investment Banking:
Corporate Banking:
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ABPL’s Corporate Banking aims to provide Shariah compliant products and
solutions for its corporate customers.
In line with our vision, following fund based products help our customers
achieve their short to long term business objectives:
Working Capital Finance
Medium to Long Term Financing
Project Financing
Islamic Export Refinance
Import and Export Financing
Trade Services
BUSINESS BANKING
25. Investment Banking:
Investment Banking addresses the increasingly diverse needs of our customers
for advisory and structured finance solutions. The department is currently
offering comprehensive and innovative financial solutions covering corporate
finance, oil & gas exploration, real estate, trade management, capital and debt
market products and international banking services.
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BUSINESS BANKING
26. Commercial & SME Banking:
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At Al Baraka Bank (Pakistan) Ltd, CBSME Group is engaged in
providing all sorts of business solutions to Commercial, Small and
Medium Sized Enterprises to meet both their short and long term business
requirements through various Shariah compliant products and services.
We provide working capital finance through MURABAHA , SALAM and
ISTISNA and for long term requirements, we offer DIMINISHING
MUSHARAKA and IJARAH for purchase of plant & machinery and
Vehicles.
BUSINESS BANKING
27. Al Baraka Union Pay Debit card
ATM Network
Phone Banking
SMS Banking
E-Statement
Inter Bank Fund Transfers
Utility Bill Payments
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Al Baraka has partnered with ‘Union Pay International’, to give
our customers the ‘Al Baraka Union Pay Debit Card’, which not
only gives them instant access to over 4,500 ATMs throughout
the country but also allows them to transact freely on more
than 30,000 merchant locations in Pakistan. Internationally,
Union Pay is accepted in more than 140 countries across the
globe.
Al-Baraka UNIPAY Debit Card Credit Card:
29. The ABPL’s phone Banking center is equipped with cutting edge
technology and skilled Phone Banking Officers who help you with your
queries and transactions 24 hours a day, seven days a week.
Al Baraka Bank (Pakistan) Limited now provides a banking solution
that considers the way you live. SMS Banking is a smart way to access
your account(s) especially for people on the go.
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ABPL Phone and SMS Banking:
30. Internet Bank Funds Transfer:
IBFT is a locally and internationally acclaimed concept of transferring
funds instantly from one account to another account. In Pakistan, it is
done among different (1Link) member banks’ customers, across the
country.
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31. Cash can be withdrawl at any time through ATM.
Account balance can also be checked at any time through ATM.
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Cash Withdrawl and Balance Checking:
32. 3232
With UBPS, Al Baraka customers will now be able to pay their
Utility Bills through our expanding network of ATMs, at their
convenience without fretting over parking space or bank timings.
Utility Bills Payment through ATM:
33. 33
Letter of Credit
Letter of Guarantee
Foreign Remittances
Foreign Exchange Services
Lockers facility
Demand Draft
Other Services of ABPL:
36. Commitment to Islamic Shariah
Experienced and Qualified Staff
Good PR with Customers
Good Managerial Skills
Job Satisfaction at All Levels
Quarterly Performance Appraisal
Friendly Environment
Competent Senior Management
STRENGTHS:
37. WEAKNESSES:
No HR department level at Zonal & Branch level
Centralized Decision Making
Lack of frequent training
Lengthy recruitment process
Less internal recruitment for new posts
Lack of Marketing Effort
38. More qualified people in the market
Effective utilization of internal human resources
Training can enhance the employee’s skills.
OPPORTUNITIES:
39. Increase in Competition:
Good job opportunities outside:
Uncertainty about future change:
Other organizations are using better HR techniques:
THREATS:
41. To protect banking companies from unfair competition.
To protect consumers from unfair business practices adopted by
banking companies.
To protect the interest of the society from unbridled business
behavior.
PoliticAL Factors:
42. Consumer income
Saving rates
Inflation
Rates of interest
Budget deficit
Exchange rates
Cost of living
Economic FACTORS:
44. Forces of technological advancement have played the most
dramatic role in shaping the lives of people.
Change in technology
New technology is creating deep rooted affects which could be
observed in long run.
Technological Factors:
