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BankIslami announce that the first Bank to reach Mera Pakistan Mera Ghar target

BankIslami is ecstatic to announce that we’re the very first Bank to reach our Mera Pakistan Mera Ghar target by State Bank of Pakistan, through our lucrative Muskun Home financing!

We would like to thank our valuable customers for putting their trust in us and helping us go above and beyond our goal!

Also read: Pakistan receives $397 million loan from the World Bank

About Bank Islami-The Idea

The epochal idea of BankIslami was conceptualized by Jahangir Siddiqui & Company Limited and Randeree family in late 2003.

Mr. Hasan A. Bilgrami was appointed as Adviser to the sponsors on March 16, 2004 to formalize the idea. He presented the concept paper of BankIslami to sponsors on March 24, 2004.

A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on May 26, 2004. On September 26, 2005, Dubai Bank joined the Sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total Capital.

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