BankIslami to increase its capitalization

Karachi December 2, 2014: BankIslami Pakistan Limited has announced in the stock market that it will issue right shares, subject to permission from SECP, of Rs. 4.33 billion as per plan agreed with the State Bank of Pakistan to raise its capital to Rs. 10 billion. BankIslami has the second largest market share in the rapidly growing Islamic finance segment of the banking industry with 201 branches in 77 cities across Pakistan. It is planning to open 12 new branches before end of the year and another 24 next year