Shariah Compliance Screening Report
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12. BANKING 12.1 Scheduled Banks Operating in Pakistan Pakistani Banks
12. BANKING 12.1 Scheduled Banks Operating in Pakistan Pakistani Banks Public Sector Banks Nationalized Banks 1. First Women Bank Limited 2. National Bank of Pakistan Specialized Banks 1. Industrial Development Bank of Pakistan (IDBP) 2. Punjab Provincial Co-operative Bank Limited (PPCB) 3. Zarai Traqiati Bank Limited 4. SME Bank Ltd. Provincial Banks 1. The Bank of Khyber 2. The Bank of Punjab Private Domestic Banks Privatized Bank 1. Allied Bank of Pakistan Limited 2. Muslim Commercial Bank Limited 3. United Bank Limited 4. Habib Bank Ltd. Private Banks 1. Askari Commercial Bank Limited 2. Bank Al-Falah Ltd. 3. Bank Al-Habib Ltd. 4. Bolan Bank Ltd. 5. Faysal Bank Ltd. 6. KASB Bank Limited 7. Meezan Bank Ltd. 8. Metropolitan Bank Ltd 9. Prime Commercial Bank Ltd. 10. PICIC Commercial Bank Ltd. 11. Saudi-Pak Commercial Bank Limited 12. Soneri Bank Ltd. 13. Union Bank Ltd. Contd. 139 12.1 Scheduled Banks Operating in Pakistan Private Banks 14. Crescent Commercial Bank Ltd. 15. Dawood bank Ltd. 16. NDLC - IFIC Bank Ltd. Foreign Banks 1. ABN AMRO Bank NV 2. Al-Baraka Islamic Bank BSC 3. American Express Bank Ltd. 4. Citi Bank NA 5. Deutsche Bank AE 6. Habib Bank AG Zurich 7. Oman International Bank SAOG 8. Rupali Bank Ltd 9. Standard Chartered Bank Ltd. 10. The Bank of Tokyo-Mitsubishi Ltd. 11. The Hong Kong & Shanghai Banking Corporation Ltd. Source: SBP Note: Banks operating as on 30th June, 2004 140 12.2 State Bank of Pakistan - Assets of the Issue Department (Million Rupees) Last Day of June Particulars 2003 2004 2005 Total Assets 522,891.0 611,903.7 705,865.7 1. -
Bank-IRC-Activity.Pdf
DOMESTIC MARKETS MONETARY MANAGEMENT DEPARTMENT STATE BANK OF PAKISTAN Quarterly Bank-wise Access to SBP IRC Facilities FY 2015-16 Q1-FY16 Q2-FY16 Q3-FY16 Q4-FY16 No. Name of Institutions Visits to SBP IRC Facilities Visits to SBP IRC Facilities Visits to SBP IRC Facilities Visits to SBP IRC Facilities 1 National Bank of Pakistan 7 6 - - 2 MCB Bank 6 3 - - 3 Bank of Punjab 7 1 - - 4 Faysal Bank 3 5 - - 5 United Bank Limited 3 4 - - 6 Askari Commercial Bank 4 2 - - 7 Pak China Investment 4 2 - - 8 Bank Al-Falah 3 2 - - 9 Summit Bank 3 2 - - 10 Pak Libya Holding Co 3 2 - - 11 Pak Brunei Investment 3 2 - - 12 Allied Bank Limited 2 3 - - 13 Bank of Khyber 3 1 - - 14 Silk Bank 3 1 - - 15 JS BANK 1 3 - - 16 Sindh Bank 3 0 - - 17 Citibank 2 1 - - 18 Soneri Bank 2 1 - - 19 Standard Chartered 1 2 - - 20 Bank Al-Habib 2 0 - - 21 Habib Metropolitan Bank 2 0 - - 22 Bank of Tokyo 1 0 - - 23 ICBC 1 0 - - 24 NIB Bank 1 0 - - 25 Pak Oman Investment Co 1 0 - - 26 Saudi Pak Investment 1 0 - - 27 First Women Bank 0 1 28 Habib Bank Limited 0 1 29 Samba Bank 0 1 Cumulative Visits to SBP IRC Facilities 72 46 - - Page 1 of 3 DOMESTIC MARKETS MONETARY MANAGEMENT DEPARTMENT STATE BANK OF PAKISTAN Bank-wise Access to Overnight Repo/Reverse Repo Facilities During Q2- FY 2015-16 Reverse Repo Facility Repo Facility Totat Number of Visits No. -
List of Open Branches
List of Open Branches Branch Code Branch Name Branch Address City Aadha Stop, Near Main Bazar, Main Sialkot-Daska 0308 Aadha, Sialkot Aadha Road,Tehsil Daska, District Sialkot Khan Baba Plaza, Ground Floor, Moallah Upper 2007 Abbottabad Abbottabad Channai,Abbottabad Road, Mansehra. Main Mansehra Road, Near Fawara Chowk, 2038 City Branch, Abbottabad Abbottabad Abbottabad Islamic Banking Main Mansehra Road, Mouza Sheikh Albandi 1, 5541 Mansehra Road, Abbottabad Abbotabad. Abbotabad Khewat No. 54, Khatooni No. 55, Katchery Road, 0193 Ahmed Pur East Ahmed Pur East Ahmed Pur East. Mauza Shamsa Akbarpura, Tehsil Pabbi, District 2048 Akbarpura, Nowshera Akbarpura Nowshera Ali Pur Chatha, Mauza Akaal Garh, Qadirabad Road, Ali Pur Chatha, 0312 Ali pur chattha Gujranwala Tehsil Wazirabad, District Gujranwala. Mouza Ghalwan Awal, Main Multan Road, Alipur, 0164 Alipur Alipur District Muzaffargarh. Property No. 48-A, Timber Market, City Road, 0159 Arifwala Outside Ghalla Mandi, Tehsil Arifwala, District Arifwala Pakpattan. Civil Bazar Branch, Shop No. D7&D8, Civil Bazar 0128 Civil Bazar Attock Attock City. 1122 Badin Quaid-e-Azam Road, Badin Town, Badin. Badin 4007 Bagh, AJK Bank Road, Main Bazar, Teh & District Bagh (AJK) Bagh (A.K.) 0150 Bahawalnagar Shop No. 10, Grain Market, Bahawalnagar. Bahawalnagar 0068 Bahawalpur Circular Road, Near Chowk Fawara, Bahawalpur Bahawalpur Chak No. 47/DNB, Shahi Wala, Tehsil Yazman, 0315 Shahi Wala Bahawalpur District Bahawalpur. Chak No.56-A / DB, Tehsil Yazman, District 0330 Yazman Bahawalpur Bahawalpur. Satellite Town, Rafi Qamar Road, Main Kanju Chowk, Satellite Town, 0341 Bahawalpur Bahawalpur Bahawalpur. Islamic Banking Plot No.6/B, Block B/I, Ghaznavi Road, Model Town 5517 Bahawalpur Bahawalpur – A, Gazted Officers Colony, Bahawalpur. -
Allied Bank Is the First Muslim Bank, to Have Been Established on the Territory That Became Pakistan
ALLIED BANK LIMITED MONEY AND BANKING Vision To become a dynamic and efficient bank providing integrated solutions in order to be the first choice bank for the customers. Mission • To provide value-added services to our customers • To provide high-tech innovative solutions to meet customers requirements • To create sustainable value through growth, efficiency and diversity for all stakeholders • To provide a challenging work environment and reward dedicated team members according to their abilities and performance • To play a proactive role in contributing towards the society 1 ALLIED BANK LIMITED MONEY AND BANKING BOARD OF DIRECTORS: Board of Directors (left to right) Mohammad Naeem Mukhtar (Chairman) Mohammad Waseem Mukhtar (Director) Sheikh Jalees Ahmed (Director) Sheikh Mukhtar Ahmed (Director) Abdul Aziz Khan (Director) Mubashir A. Akhtar (Director) Khalid A. Sherwani (Chief Executive Officer) Muhammad Raffat (Company Secretary) 2 ALLIED BANK LIMITED MONEY AND BANKING OVERVIEW OF ALLIED BANK LIMITED: Type Public as "Australasia Bank", 1942 Founded Lahore, Pakistan Headquarters Lahore, Pakistan Industry Finance and Insurance Products Financial Services Revenue Allied Bank is located in Lahore, Punjab, Pakistan. It was established in 1942 before independence, Allied Bank Limited is one of the largest banks in Pakistan with 735 Branches connected to an online network. In August 2004 the Bank was restructured and the ownership was transferred to Ibrahim Group. A Map of Pakistan showing the location of Allied Bank branches in Pakistan 3 ALLIED BANK LIMITED MONEY AND BANKING HISTORY OF ALLIED BANK LIMITED: Allied Bank is the first Muslim bank, to have been established on the territory that became Pakistan. Established in December 1942 as the Australasia Bank at Lahore with a paid-up share capital of Rs. -
Better STRONGER Together Better STRONGER Together
ANNUAL REPORT 2016 Better STRONGER Together Better STRONGER Together TABLE of contents 02 Corporate Information 03 Vision, Mission Statement 05 Core Values 06 Management 10 Credit Rating 11 Six Years at a Glance 14 Corporate Social Responsibility (CSR) 18 President’s Message 22 Economic Review 24 Directors’ Report 45 Statement of Compliance with the Code of Corporate Governance 48 Auditors’ Review Report to the members on Code of Corporate Governance 49 Report of Shariah Board 54 Statement of Internal Controls 55 Notice of Annual General Meeting 59 Unsolidated Financial Statements of The Bank of Punjab 155 03Consolidated Financial Statements of The Bank of Punjab and its Subsidiary Punjab Modaraba Services (Pvt.) Limited 250 Pattern of Shareholding 256 Foreign Correspondents Form of Proxy ANNUAL REPORT 2016 01 CORPORATE information Board Of Directors Dr. Pervez Tahir Chairman Mr. Naeemuddin Khan President / CEO Mr. Mohammad Jehanzeb Khan Director Mr. Hamed Yaqoob Sheikh Director Dr. Umar Saif Director Syed Maratib Ali Director Dr. Muhammad Amjad Saqib Director Mr. Mohammed Afzaal Bhatti Director Khawaja Farooq Saeed Director Mr. Saeed Anwar Director Mr. Omar Saeed Director Mr. Raza Saeed Secretary to the Board Central Audit Committee (CAC) Khawaja Farooq Saeed Chairman Mr. Mohammed Afzaal Bhatti Member Mr. Saeed Anwar Member Mr. Omar Saeed Member Board Risk Management Committee (BRMC) Syed Maratib Ali Chairman Mr. Saeed Anwar Member Mr. Omar Saeed Member Human Resource & Remuneration Committee (HR&RC) Mr. Mohammad Jehanzeb Khan Chairman Syed Maratib Ali Member Mr. Mohammed Afzaal Bhatti Member Mr. Naeemuddin Khan Ex-oficio Member Auditors Deloitte Yousuf Adil Chartered Accountants Registered Ofce BOP Tower, 10-B, Block-E-II, Main Boulevard, Gulberg-III, Lahore. -
(Winner)MCB Bank Limited Best Bank of the Year 2017 – Mid Size Banks
Banking: Best Bank of the year 2017 – Large Size Banks (Winner)MCB Bank Limited Best Bank of the year 2017 – Mid Size Banks (Winner) Bank Al Habib Limited Best Bank of the year 2017 – Small Size Banks Industrial and Commercial Bank of China (Winner) Limited Best Islamic Window of the year 2017 (Winner) Habib Bank Limited Best Islamic Bank of the year 2017 (Winner) Meezan Bank Limited Corporate Finance: Transaction of the year 2017 (Winner) Habib Bank Limited for Dasu Hydropower Project Best Corporate Finance House of the year (Fixed Income) 2017 United Bank Limited (Winner) Best Corporate Finance House of the year (Fixed Income) 2017Habib Bank Limited (Runner-up) Best Corporate Finance House of the year (Equity & Advisory) - Banks Bank Alfalah Limited 2017 (Winner) Best Corporate Finance House of the year (Equity & Advisory) - Banks United Bank Limited 2017 (Runner-up) Best Corporate Finance House of the year (Equity & Advisory) – Arif Habib Limited Security Firms 2017 (Winner) Best Corporate Finance House of the year (Equity & Advisory) – AKD Securities Limited Security Firms 2017 (Runner-up) Investor Relations: Best Investor Relations – Listed Companies 2017 (Winner) Bank Alfalah Limited Best Investor Relations – Listed Companies 2017 (Runner-up) Engro Fertilizers Limited Women in Finance Initiative: Gender Diversity at Workplace Award 2017 (Winner) Unilever Pakistan Limited Recognizing Gender Diversity Award – Special Recognition: Local National Foods Limited Industry 2017 (Winner) Recognizing Gender Diversity Award – Special Recognition: -
The Role and Impact of Merger & Acquisition of Banking
Financial Markets, Institutions and Risks, Volume 3, Issue 3, 2019 ISSN (online) – 2521-1242 ISSN (print) – 2521-1250 The Role and Impact of Merger & Acquisition of Banking Sector in Pakistan Kishwar Ali School of Finance, Zhongnan University of Economics & Law, Wuhan, China Atta Ullah School of management, Huazhong University of Science and Technology, Wuhan China Abstract The paper summarizes the arguments and counterarguments in the scientific discussion on determining the effects of mergers and acquisitions for banking institutions. The purpose of this article is to conduct an empirical study to identify the nature of the impact of mergers and acquisitions on Pakistan's financial sector performance. The research in the article is carried out in the following logical sequence: a thorough literature review on the analysis of key aspects of mergers and acquisitions and their impact on the financial and economic performance of banks before and after their practical implementation; the historical basis of the experience of mergers and acquisitions caused by various economic factors, such as: GDP growth, interest rates on loans, monetary policy; financial analysis of bank profitability, solvency and liquidity indicators before and after the merger and acquisition was conducted. Five commercial banks of Pakistan that were involved in the merger and acquisition processes were selected as the subject of study. The study period is presented before and after the merger and includes two years before the acquisition report and two years after the acquisition announcement by analysis of financial ratios of liquidity, solvency and profitability. The results of empirical and theoretical research have shown that there is a positive relationship between merger and acquisition processes and liquidity ratios of banking institutions; and - the negative impact of such processes on banks' profitability and solvency in the short term. -
Annual Report 2019 JS Bank Is One of the Fastest Growing Banks in Pakistan, with 360 Branches in 180 Cities Including One International Branch
Annual Report 360 Branches in 180 Cities Annual Report 2019 JS Bank is one of the fastest growing banks in Pakistan, with 360 branches in 180 cities including one international branch. The Bank is a leader in the digital banking space and in distribution of insurance solutions. JS Bank has been recognized on multiple international and national forums including the prestigious AsiaMoney, Asian Banking and Finance, DIGI and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. 03 Vision CONTENT 03 Mission 04 Corporate Values Organizational Overview 06 Products and Services 09 Company Information 10 Profile of the Board of Directors 13 Organizational Structure 14 Entity Credit Rating 15 Corporate Profile of the Bank 16 Chairman’s Review Performance & Position 18 Financial Performance 2014 - 2019 19 Graphical Presentation of Financial Statements 20 Advances by Segment 21 Funding Mix 22 Non-Performing Loans 23 Investments 24 Quarterly Performance - 2018 & 2019 25 Analysis of Capital Adequecy Ratio 26 Six Years’ Financial Performance / Financial Ratios 27 DuPont Analysis 28 Summary of Cash Flows 28 Free Cash Flows 29 Markup & Non Markup Income 30 Economic Value Added Statement 31 Six Years’ Vertical Analysis 32 Six Years’ Horizontal Analysis 33 Segment Analysis 34 JS Bank Calendar of Major Events during 2019 Strategy & Resource Allocation Unconsolidated Financial Statements 35 Rationale towards Strategic Objectives 94 Auditors’ Report to the Members 35 Strategy and -
Jubilee Life March-2018 NEW.FH10
Our Vision Our Mission Our Core Values Certified True Copy Najam Ul Hassan Janjua Company Secretary QUARTERLY REPORT MARCH 31, 2018 TABLE OF CONTENTS Profile Vision, Mission & Core Values Our Company 02 Company Information 06 Directors Review (English) 08 Directors Review (Urdu) Financial Data 10 Condensed Interim Statement of Financial Position 12 Condensed Interim Profit and Loss Account 13 Condensed Interim Statement of Comprehensive Income 14 Condensed Interim Cash Flow Statement 16 Condensed Interim Statement of Changes in Equity 17 Notes to the Financial Information 49 Statement of Directors 50 Statement of Appointed Actuary 51 Branch Network opy Certified True C assan Janjua Ul H ecretary ajam pany S N Com 01 02 QUARTERLY REPORT MARCH 31, 2018 Rating of the Company Rating Date September 23, 2016 03 04 QUARTERLY REPORT MARCH 31, 2018 05 Directors Review The Board of Directors of Jubilee Life Insurance Company Limited have pleasure in presenting to the members, the condensed interim financial information (un-audited) of the Company for the quarter ended March 31, 2018. The Company continued to focus on business development through multiple distribution channels and commitment towards maintaining high service and persistency standards, enabling it to achieve growth in premium revenue as well as profitability. The Gross Written Premium (GWP) during the quarter was Rs.12,515 million which is 14% higher than the GWP of Rs.10,999 million for the comparative quarter of 2017. All business lines have shown stability in premium revenue. As witnessed in 2017, business written through Window Family Takaful Operations has maintained its impressive growth during the first quarter of 2018, and the aggregate Gross Written Contribution was recorded at Rs.2,240 million, as against Rs.1,148 million in the comparative quarter of 2017, i.e. -
Consortium Contact Detail (Lahore).Xlsx
Bank Name Bank of Punjab ‐ Taqwa Islamic Banking Bank Name Meezan Bank 1st Contact person detail 1st Contact person detail Name Ghulam Mustafa Name Muhammad Ehtisham Contact number 0300‐6980309 Contact number 0304‐0920521 / 0345‐4511110 e‐mail address [email protected] e‐mail address [email protected] BOP, 7th floor, big city plaza, liberty Address roundabout opposite monal restaurant, Address 60‐Main boulevard gulberg Lahore main boulevard gulberg Lahore 2nd Contact person detail 2nd Contact person detail Name Abdul Rasheed Name Tassawar Hussain Contact number 0322‐4662808 Contact number 0304‐0920597 / 0345‐4548548 e‐mail address [email protected] e‐mail address [email protected] BOP, 7th floor, Big City Plaza, Liberty Address Roundabout Opposite Monal Restaurant, Address 60‐Main Boulevard Gulberg Lahore Main Boulevard Gulberg III Lahore Bank Name Faysal Bank limited Bank Name National Bank limited 1st Contact person detail 1st Contact person detail Name Syed Mazhar Arslan Name Mr. Farhan Ashraf Contact number 0321‐9449778 Contact number 042‐99268193 / 0321‐4998908 e‐mail address [email protected] e‐mail address [email protected] Faysal Bank, 1‐C, Sikandar Malhi Road, Address Address NBP, 69‐B, Main Boulevard, Gulberg II, Lahore. Canal Park, Gulberg II, Lahore 2nd Contact person detail 2nd Contact person detail Name Fahad Ali Name Mr. Muhammad Ashraf Contact number 0334‐4108658 Contact number 042‐99268428 / 0333‐4786078 e‐mail address [email protected] e‐mail address [email protected] Faysal Bank, 1‐C, Sikandar Malhi Road, NBP, Mezzanine Floor, Pace Tower, 27‐H, College Address Address Canal Park, Gulberg II, Lahore Road, Gulberg II, Lahore. -
June Annual Report
INSPIRED BY NATURE Nature has those splendors a curious soul desires. There are spectacles that enchant and phenomena that captivate. The making of textile is an inspired event that manifests the richness of the vibrant nature. VISION Setting trends globally in the textile industry. Responsibly delivering products and services to our partners. MISSION To deliver value to our partners through innovative technology and teamwork. Fulfilling our social and environmental responsibilities. VALUES • Integrity • Passion • Creativity • Teamwork Contents Company information 02 Color 03 Texture 05 Details 07 Shape 09 Pattern 11 Organogram 13 Strategic Objectives 14 Product 17 Stakeholders Engagement 18 Profile of the Directors 19 Board Committees 21 Code of Conduct and Ethics 23 Shareholders' Information 24 Chairman’s Message 25 Directors' Report 26 Sustainability Report 31 Financial Highlights 34 Financial Ratios 35 Graphical Analysis 36 Our Value Addition and its Distribution 38 Horizontal Analysis of Financial Statements 39 Vertical Analysis of Financial Statements 40 Comments on Financial Analysis 41 Statement of Compliance with the Code of Corporate Governance 42 Notice of annual general meeting 44 Review report to the members on statement of compliance with best practices of the code of corporate governance 45 Auditors' report to the members 46 Balance sheet 47 Profit and loss account 49 Statement of comprehensive income 50 Cash flow statement 51 Statement of changes in equity 53 Notes to the Financial Statements 54 Attendance at board and -
Dynamics Shaking Total Factor Productivity in Manufacturing Sector of Pakistan: a Panel Data Analysis
European Online Journal of Natural and Social Sciences 2019; www.european-science.com Vol.8, No 1 pp. 109-117 ISSN 1805-3602 Dynamics Shaking Total Factor Productivity in Manufacturing Sector of Pakistan: A Panel Data Analysis Samara Haroon, Dong Hui Zhang* School of Economics, Shandong University, Jinan, PR China *Email. [email protected] Tel.: +8613708926062 Received for publication: 24 July 2018. Accepted for publication: 19 November 2018. Abstract This research article investigates how explanatory variables are responsible for change in to- tal factor productivity in manufacturing sector of Pakistan. Panel data of selected fifteen manufac- turing firms of Pakistan from 2005 to 2013 are used to capture time and space affects. Considering data set of fifteen selected manufacturing firms consistently, it was found that explanatory variables (like size of firm, leverage, cash flows and Ownership) were responsible for changed in TFP growth. Empirical results suggest that explanatory variables appear to be most dominating factors in order to influence the TFP growth over a period of time and over a firm also. Research study further will provide a guide for Pakistan policy makers to set priorities to improve TFP growth for their manu- facturing firms especially in Punjab. Keywords: Total Factor Productivity, Manufacturing Sector, Punjab, Pakistan Introduction TFP growth sets opportunity towards society to increase the welfare of people by increasing the production of manufacturing sector. Further productive efficiency plays an important role in economic planning and development. It is core objectives of any government to enhance the overall growth and development of the economy in order to enhance the GDP.