Book Closure of Bankislami Pakistan Limited.

Karachi -- Bankislami Pakistan Limited informed Pakistan Stock Exchange that in order to determine entitlement to the profit payment of the Bank Ehad Sukuk as on June 30, 2020, the transfer books shall remain closed from June 29, 2020 to June 30, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/148864.pdf

The State Bank of Pakistan declared Bank Islami Pakistan Limited as a Scheduled Bank with effect from March 17, 2006. BankIslami started its Banking operations on April 7, 2006 in Karachi. The idea of Bank Islami 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 for formalizing the idea. He presented the concept paper of Bank Islami 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...