Launch of Al Baraka Business-Plus Account
KARACHI: Al-Baraka Bank (Pakistan) Limited (ABPL) announced the launch of its Al Baraka Business-Plus Account. This new addition to its existing comprehensive product portfolio is set on the basic principles of Mudaraba’h, tailored to suit the business’ banking needs on Friday.
Capitalizing on the excellent knowledge of regional and local markets, ABPL’s products proudly cater to a diversified customer base that fully complies with Shariah principles approved by the Bank’s renowned Shariah Advisory Committee.
Al Baraka Bank has been one of the pioneers of Islamic banking in Pakistan, dating back two decade. A sound financial position is evident from an authorized capital of USD 1.5 billion, asset base of USD 16.3 billion and total equity amounting to USD 1.8 billion.