Karachi, November 05, 2014 (PPI-OT): Bank Alfalah’s Islamic Banking Group has been awarded the ‘Best Islamic Banking Window of a Commercial Bank in Pakistan’ by Global Islamic Finance Award (GIFA). The award is considered to be one of the most prestigious awards in the world of Islamic banking and finance, developed by ‘Edbiz Consulting’, an Islamic finance consultancy division of the London based Edbiz Corporation UK.
Speaking at the award ceremony held in Dubai last week Mr. Rizwan Ata, Head of Bank Alfalah’s Islamic Banking Group said, “By focusing on evolving Islamic financial solutions, we continuously strive to fulfill our commitment to our customers using the trust we have gained over the years and this has been pivotal to our success.”
Bank Alfalah Islamic Banking began in 2003 with 5 branches in 4 cities and became profitable within three years of commencing operations and since then has shown steady year-on-year growth. Today it is the second largest Islamic Banking Operation in the country with 147 dedicated Islamic branches offering a complete range of Shariah Compliant Islamic Banking solutions for Corporate SME/Commercial and Consumer Banking customers.
Bank Alfalah began its operations in 1997 and has grown rapidly to become the sixth largest player in Pakistan’s financial services industry, the second largest Islamic Bank and the largest issuer and acquirer of credit cards in the country. The bank has a network of over 600 branches spanning 196 cities in Pakistan, an international presence in Afghanistan, Bangladesh, and Bahrain, and a representative office in the UAE. Alfalah services more than 1 million corporate, retail, small business, agricultural, Islamic, and asset financing customers.
For more information, contact:
Saba Karim Khan
Head of Corporate Communications
Bank Alfalah Limited
Tel: (+9221) 32423952, 021-111-777-786 (x) 2101