BankIslami’s Shariah Board Chairman Mufti Muhammad Taqi Usmani approves the Shariah compliance review of the Bank

Karachi, Friday 18th April 2008: BankIslami’s Sharia’h Board Chairman Mufti Muhammad Taqi Usmani chaired the fourth Shariah Supervisory Board Meeting of BankIslami Pakistan Limited here at BankIslami’s Head Office.

Present on the occasion other members of the Sharia’h Board Professor Dr. Fazlur Rehman and Mufti Irshad Ahmed Aijaz (Sharia’h Adviser) discussed and approved the business carried out by BankIslami in perspective of performance for the year ended December 2007 and did a Sharia’h compliance review of the bank. All business transactions were approved without any income being classified as charity.

BankIslami Shariah Board Chairman Mufti Muhammad Taqi Usmani also appreciated the growth strategy carried out by BankIslami which will expand its operations to 100 branches in 40 cities nationwide by the end of December 31,2008.