Askari Bank Limited opened its doors for Shariah compliant banking solutions in the year 2006 by establishing a dedicated Islamic Banking Services Division (IBSD). In a short period of time, Askari Islamic has grown considerably, and now provides a comprehensive range of products and services in personal banking, corporate banking, Islamic treasury, trade services and Banca-Takaful solutions. Our objective is to put in place an efficient banking system supportive to economic justice and welfare of society in line with the Shariah principles.
Askari Islamic serves the banking needs of the valued customers through its 94 dedicated Islamic Banking branches (including 3 sub-branches) in the major cities of the country. The Bank, under its new sponsors and the new management is actively pursuing the growth of Shariah compliant banking in Pakistan.
Compliance with the principles of Shariah is the cornerstone of our operations. We are driven by values, embedded in the ethics of Islamic society, established over 1400 years ago. Our ability to offer a wide array of products and services is a testament to the capacity of Islamic finance to serve all banking needs of the customers. All our products are developed under the guidance of our Shariah Board, comprising renowned Shariah Scholars namely, Mufti Muhammad Zahid, Mufti Ismatullah and Dr. Muhammad Tahir Mansoori.
Our customers enjoy the freedom to choose from a wide array of deposit product menu that offer flexible term deposit schemes, current accounts and savings accounts. On the consumer banking front, Askari Ijarah Bis Sayyarah allows the customers to drive a car of their choice, while the Askari Home Musharakah allows the customers to own a home. Our continuous efforts to provide a diversified range of Shariah compliant, innovative financial products and solutions to the corporate/commercial clients continue to win us new relationships.
Askari Islamic Banking is creating a niche through its services, reliability, strength of the management, and most importantly, its strong sponsors.