BankIslami Pakistan Limited Overview
History, ownership under JS Bank, leadership, and key facts about one of Pakistan's leading full-fledged Islamic commercial banks.
- Founded 2004
- PSX: BIPL
- Subsidiary of JS Bank
Rizwan Ata, a career banker, is BankIslami's President and CEO, leading Pakistan's third-largest Islamic bank by assets and deposits. The facts below on ownership, leadership, and history are drawn from the bank's own disclosures rather than its marketing copy.
BankIslami Pakistan Limited is a full-fledged Islamic commercial bank headquartered in Karachi, not a conventional bank running an Islamic window alongside its regular business. Every product is structured under Shariah-compliant contracts such as Murabaha, Ijarah, and Diminishing Musharakah, and the bank's Shariah Supervisory Board signs off on each offering before launch.
Dubai Islamic Bank Pakistan (DIB) and Islami Bank Bangladesh Ltd are separate institutions, with similar names but no ownership link to BankIslami Pakistan Limited. This page covers BankIslami Pakistan Limited only.
BankIslami at a Glance
- Incorporated
- October 2004
- Operations Began
- April 7, 2006
- Headquarters
- Dolmen City, Karachi
- Branch Network
- 569 branches, 210+ cities
- ATM Network
- 14,000+ ATMs (shared network)
- Stock Listing
- PSX: BIPL
- Majority Owner
- JS Bank Limited (75.12%)
- Bank Islami President
- Rizwan Ata
Branch count as at December 31, 2025, from BankIslami's Annual Report 2025 (569 branches including 60 sub-branches, up from 540 at end-2024). ATM and city figures confirmed from BankIslami's official homepage and branch locator (bankislami.com.pk). Ownership figure from BankIslami's Annual Report 2025 shareholding pattern.
Ownership: Who Owns BankIslami?
Jahangir Siddiqui & Company Limited founded BankIslami in 2004 together with the Randeree family, with Dubai Bank joining as a founding sponsor shareholder in 2005. JS Bank Limited raised its stake to 75.12% in August 2023, becoming BankIslami's majority shareholder and bringing it into the JS Group, the financial conglomerate that also runs JS Bank's conventional business, JS Investments, and other financial services entities.
BankIslami and JS Bank remain separately licensed, separately branded banks under SBP regulation — BankIslami has not been merged into JS Bank's conventional operations. Individual investor Ali Hussain holds a further 10.58% stake as at December 31, 2025, with the remainder held by insurance companies, mutual funds, and the general public on the PSX. Hussain resigned as a Non-Executive Director in June 2025 but remains a major shareholder in his individual capacity.
Ownership structure confirmed from BankIslami's Annual Report 2025 "Pattern of Shareholding" disclosure (as at December 31, 2025) and PSX shareholding disclosures.
Leadership
Rizwan Ata
President & Chief Executive Officer of BankIslami Pakistan Limited, a seasoned banker overseeing the bank's day-to-day operations and strategy.
Suleman Lalani
Chairman of the Board of Directors and Group President of Jahangir Siddiqui & Co. Limited.
Mufti Irshad Ahmad Aijaz
Chairman of BankIslami's independent Shariah Supervisory Board, which reviews and approves every product for Shariah compliance.
Leadership details confirmed from BankIslami's official Board of Directors, Management, and Shariah Supervisory Board pages.
Awards & Recognition
Best Bank of the Year 2024
CFA Society Pakistan Awards, alongside a runner-up placing for Best Islamic Bank.
Pakistan's Best Islamic Bank
Euromoney.
Multiple Islamic Finance Awards
Recognition from the Global Islamic Finance Awards (GIFA), Dragons of Asia, and the Pakistan Digital Awards.
Awards confirmed from BankIslami's official Awards & Recognition page.
Scale and Digital Reach
BankIslami operates 569 branches across roughly 210 cities as of December 31, 2025, one of the largest dedicated Islamic banking footprints in Pakistan, built up further by its 2015 acquisition of KASB Bank's branch network under SBP-supervised regulatory intervention. On the digital side, the bank runs aik, marketed as Pakistan's first fully digital Islamic banking solution, alongside conventional internet banking and a mobile banking app.
Frequently Asked Questions
Who is the Bank Islami president?
Rizwan Ata serves as President and Chief Executive Officer of BankIslami Pakistan Limited.
Who owns BankIslami?
BankIslami is majority owned by JS Bank Limited, which holds a 75.12% stake following a 2023 ownership transition, making BankIslami a subsidiary of JS Bank and part of the JS Group.
When was BankIslami founded?
BankIslami Pakistan Limited was incorporated in October 2004, received its Islamic banking license from the State Bank of Pakistan in March 2005, and commenced operations on April 7, 2006.
How can I verify this information?
Cross-check leadership and ownership details against BankIslami's official Board of Directors page on bankislami.com.pk, its Annual Report filings with the SECP, and its PSX disclosures (PSX: BIPL).
Good For
- Confirming who the Bank Islami president is and who owns the bank
- Understanding BankIslami's ownership link to JS Bank and the JS Group
- Distinguishing BankIslami Pakistan from similarly named banks abroad
- Getting a fast, sourced answer instead of a marketing summary
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More on BankIslami
Bank Overview
History, leadership, ownership, and key facts.
Account Opening
Documents, digital onboarding, and which account to pick.
Account Rates & Gen Z Account
Deposit accounts and profit rates.
Share Price & Financial Results
PSX: BIPL data and financial disclosures.
Digital & Mobile Banking
aik, internet banking, and mobile app features.
Branch & ATM Locator
Network size and official locator.
Cards & Discounts
Debit cards and active merchant offers.
Careers
Where BankIslami actually posts jobs.
AutoFinance (Car Financing)
Diminishing Musharakah structure explained.
MUSKUN Home Financing
Home financing structure explained.
Helpline & Complaints
Contact numbers and escalation path.
IBAN & SWIFT Code
Find the SWIFT code and IBAN format.
Sohni Dharti Home Remittances
For overseas Pakistanis sending money home.
CSR & Financial Literacy
Community and financial-inclusion programs.
Cyber Security
Which channels are genuine and how to stay safe.
ATM Network
ATM count and debit card activation.
Bank Timings
Weekday hours and Saturday operative branches.
Islamic Personal Finance
Shariah-compliant consumer financing explained.
Mutual Funds & Savings Certificates
Amdani Certificate and BankIslami Mutual Funds.
Priority Banking
Eligibility and fee waivers for relationship customers.
Mashal Women Banking
Accounts and discounted financing for women.
Safe Deposit Lockers
Locker sizes, rent, and Takaful coverage.
Humsafar Travel Now, Pay Later
BankIslami's travel BNPL product.
Bank Profile (Quick Reference)
One-page snapshot of key stats and contacts.
Latest News & Updates
BankIslami announcements, awards, and partnerships.
Trade Services
L/C, import & export financing for businesses.
International Remittances
Home Remittance cash pickup and wire transfers.
Related Banks
For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, SECP.