BANK ISLAMI

SIDRA SHAJAR MMS-181025

FATIMA SABIR MMS-181002
MEHAK SHAHZADI MMS-191034
 INTRODUCTION
• First Islamic commercial bank to receive the
Islamic banking license under the Islamic banking
policy of 2003 from State Bank of Pakistan on
March 31, 2005.
• Bank started its operations from 7 April 2006 and
offers shariah compliant retail banking,
investment banking, consumer banking and trade
finance products.
• Bank intends to focus on wealth management as
the core area of business .
• Its network consists of 213 branches and sub
branches spread over 80 cities of Pakistan.
• With the amalgamation of KASB on May 7,
2015, all 104 branches of KASB have become
part of Bank Islami’s branch network.
• Bank Islami is the 11th largest banking
network in the country with 317 branches in
93 cities nationwide.
• The idea of Bank Islami was conceptualized by Jahangir
Siddiqui & Company Limited and Randeree family in
late 2003.
• Mr. Hasan A. Bilgrami was appointed as adviser to the
sponsors on 16 March 2004 to formalize the idea.
• Mr. Hasan A. Bilgrami presented the concept of
BankIslami to sponsors on 24 March 2004.
• On 26 September 2005, Dubai Bank joined the
sponsors and became one of the founding
shareholders of BankIslami by investing 18.75% in the
total capital.
 VISION
• The vision of bank Islami is to be recognized as
the leading Authentic Islamic Bank.
 MISSION
• The Mission of BankIslami is to create value for
our stakeholders by offering Authentic, Shariah
Compliant and technologically advanced product
and services.
• Authenticity
• Innovation
• Understanding our client's needs
• Commitment to excellence, and
• Fast, efficient and seamless delivery of solution.
 Core Values
• Bank Islami is strongly committed towards its
core values of:
• Product authenticity
• Customer focus
• Meritocracy
• Integrity
• Team work
• Humility
• Innovation
• Their core competencies are services, quality products, and
public relations.
• Bank islami offers fastest online facilities as compare to
others and strongest csr network in Pakistan.
• To maintain their competitive intelligence, they have very
strong, friendly relations with other other banks
management and they tackle all matters in a very humane
manner.
• As banking sector works under SBP only certain changes
can be made by private bank in interest rate and
information is gathered by through worldwide web.
• They uses their employees as their spy to check their
offerings and workings.
• Bank islami had a lot of influence of external environment, mainly
of political changes, government rules,and information media
including all social media platforms, so they have a special media
department to regulate all social media and legislative policies are
regulated by Karachi office.
• Software’s that bank islami use to maintain its database are I.mole,
ERP, a lot of softwares are used for all different purposes.
• Online banking is handle with some other software, internal branch
matters with other, and customer data is maintain by other
softwares and Employees database is different.
• A lot of auditing tools are used by bank islami as the main audit is
through codes, they have codes for every work, e.g balance sheets,
income heads etc.
• CSR is basically checked by officials, bank manager, those
codes who are very important for bank and changes can
face problems in those codes, only those are audited
frequently.
• The performance evaluation of bank islami depends on
employees sales, service quality provided to costumers and
they are assessed by their current supervisor on daily basis.
As team work is the core of bank islami and through team
work they achieved their targets.
• Bank islami has 330 branches all over Pakistan. Their online
services is fastest in Pakistan and account maintenance
charges are very low, discounts on check book and ATM
cards
• Bank islami has R&D department associated to
add new products, their most innovative product
and service is cardless ATM and counter
transaction which is adding values to their core
products, financing and money related
operations.
• Bank islami has reached to the areas where the
competitors did not targeted and are not
presents, bank islami has branches in Naran
where there is no other bank is located.
• Bank islami branches have everyday record of
their operations with all members daily session
on maintaining and running operations,
whatsapp group of branch members and through
these sessions and activities they are using
knowledge management techniques effectively.
• have also being their attractiveness point with
touch biometric ATM and counter service is the
most innovative service in Pakistan.
• Direct earnings which bank islami has now launched to
earn is that they are going to charge a fee against ATM
card and cheque book, other cost structure of bank
islami depends on different rate offer to clients.
Potential clients that can grab more potential
customers are also offered special I rate.
• Bank islami only focuses on quality and fast service to
their customers or consumers, their goal is always to
grow. They do not have any set target that after this
they are stable they have to grow as in banking sector
there is no stability.