Silkbank to spread Islamic banking network

Launches Emaan Islamic Banking to provide Shariah-compliant solutions.

KARACHI: Silkbank officially launched on Monday its Islamic banking division called Emaan Islamic Banking, with plans to create a wide branch network and offer state-of-the-art products, both in retail and consumer banking, backed by latest technology to capitalise on the potential of Islamic banking in Pakistan.

The Emaan Islamic Banking’s branch network now stands at 10 with footprints in eight cities including Karachi, Lahore, Faisalabad, Islamabad, Rawalpindi, Abbottabad, Mardan and Quetta.

The extension of the branch network and availability of 78 online Silkbank branches across the country substantially enhance the reach of Emaan Islamic Banking services, the bank says.

Speaking on the occasion, Adviser to Silkbank Chairman Shaukat Tarin stressed that the Islamic banking division leaves no stone unturned in seizing every opportunity to become a meaningful player in the Islamic financial industry.

“This positive approach is reflected in the expeditious growth of its book size. Adorned with vibrant branding, Emaan Islamic Banking branches are making swift strides to captivate the Islamic banking industry in Pakistan,” he said.

Elaborating on the products and services offered by Emaan Islamic Banking, Silkbank Executive Director MA Mannan said the Islamic banking division offers a complete suite of liability-based products and services to clients.

Published in The Express Tribune, July 9^th, 2013.

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