Company Registration number: 00000010417/20041007
National Tax Number: 2238845-1
Symbol of the Company: BIPL
Web link: https://www.psx.com.pk
Bank's Share Registrar
Share Registrar Department
Central Depository Company of Pakistan Limited CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal Karachi-74400.
Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)
Fax: (92-21) 34326053
A.F.Ferguson & Co.
Haidermota & Co
Barrister at Law
Mohsin Tayebaly & Co.
Corporate Legal Consultants/ Barristers & Advocates High Courts & Supreme Court
Attention of the Management is drawn to some mis-leading emails and information being fed on the social media whereby BankIslami has been labeled as financially weak and under stress. Such information contain grossly wrong financial position of BankIslami, including Capital, Equity, Assets, Deposits & Profitability. Bankislami is the second largest Islamic Banking operation in Pakistan including both windows and full fledged islamic banks. This year Inshallah, it shall be in profit for fourth year in a row. It is not possible a Bank of such size, profile and financial performance may be in any kind of stress
The Net Equity of BankIslami as at September 30, 2014 was Rs. 6.8 billion. In addition to that, the Board of the Bank in its meeting held on October 29, 2014 decided to raise the capital by Rs. 4.3 billion. In this respect, permission from State Bank of Pakistan was received on November 05, 2014 and the Bank has applied to Securities and Exchange Commission for necessary approvals.The Bank has announced in Karachi Stock Exchange on 21st November 2014 of its plans to issue capital of Rs. 4.3 billion making the total equity of the Bank at Rs. 11.10 billion. Announcement made to Karachi Stock Exchange on 21st November 2014 and permission received from State Bank dated 5th November 2014 can be viewed in the following link. It is further clarified the process of increasing the capital of the Bank has been in consultation with State Bank of Pakistan hence the possibility of any adverse financial position is completely ruled out.
For complaints, please fill the 'Investor Complaint Form'.
You may contact the following:
Mr. Sohail Sikandar
Acting Company Secretary
BankIslami Pakistan Limited
11th Floor, Executive Tower,
Dolmen City, Marine Drive, Block-4, Clifton,
Telephone:(+9221) 35839906 Extension: 2100
Fax: (+9221) 35378373
SECP's complaint form: https://www.secp.gov.pk/ComplaintForm1.asp
- To meet minimum capital requirement of SBP, Bank has been issuing Right Issues.