“Achieve leadership in providing financial services in chosen markets through innovation.”
1.3 Group Information
Ithmaar Bank B.S.C. is licensed by the Central Bank of Bahrain and listed on the BahrainStock Exchange (ITHMR). It has a paid-up capital of US$360 million, total equity of US$1.1billion and is a full investment bank with its direct business covering the Middle East andNorth Africa (MENA) region, as well as South Asia, Asia-Pacific and Europe. Besidesholding significant investments in the banking, financial services and real estate sectors indifferent markets, the main activities of the Bank include underwriting (equity and other financings), private equity (structuring, participation and portfolio management), Islamicfinancing, private banking, and advisory services covering project financing, investments,capital markets and mergers & acquisitions.
1.4 Capital and Ownership
The majority share holding of Faysal Bank Limited is owned by companies of the Dar AlMaal Al Islami Trust (DMI) including Shamil Bank of Bahrain E.C. The remainingshareholders comprise of the general public, NIT and other Pakistani institutions. The Bank’sshares are quoted on the Karachi and Lahore Stock Exchanges.
1.5 Conformity to Islamic Sharia’a
The Holy Quran outlines for Muslims a complete code of life for dealing individually or collectively. This is future amplified by saying and practice of Holy Profit(May be upon him)From these guidelines , an Islamic economic system can be elaborated upon, aimed atcreating a socially, economically and politically viable and just environment supporting theuniversal well being of humanity