IslamicFinance.de

Silkbank introduced Emaan Islamic Banking (EIB) through conversion of its seven conventional banking branches into dedicated Islamic Banking branches. Emaan Islamic Banking offers a complete suite of deposit products including Current Account, Saving Accounts and Term Deposits. Diminishing Musharaka, Musawamah, Murabaha, Musharaka and Trade Finance facilities are also available. The Emaan Islamic Banking’s branch network stands at a total of 10 branches in 8 cities across Pakistan.

Silkbank introduced Emaan Islamic Banking through conversion of its seven conventional banking branches into dedicated Islamic Banking branches. In early 2013, three new branches were added to the Islamic Banking network. Emaan Islamic Banking offers a suite of deposit products as well as a range of asset products. The Islamic Banking Division has an alliance with Pak Qatar Family Takaful to provide Takaful & Saving Plans. With the implementation of the SBP Shari’ah Governance Framework and induction of a renowned Shariah scholar, the Islamic Banking Division endeavours to develop Islamic Banking products in Pakistan and serve as a catalyst in Islamic Banking growth in the region. The Bank plans to add 60 new branches in 2016 to the existing network and another 102 branches in the next two years.

The State Bank of Pakistan has awarded Silkbank with an Islamic banking license.
The bank will be initially aiming Pakistan’s main population centers, Karachi, Lahore, Islamabad and Faisalabad.