ISLAMIC INVESTMENT BANK LIMITED

May 19 - 25, 2003

Islamic investment bank was incorporated in June 1990 with its registered office at Peshawar. However, within a short span of time it opened doors for operations in Lahore, Karachi, Islamabad, Mardan, Hangu and Mingora becoming an investment bank with largest branch network in Pakistan. The basic move behind opening branches in areas like Hangu, Mardan and Mingora is to balance the rural and urban areas while providing services even to remote areas of Pakistan.

MANAGEMENT

CHAIRMAN BOD: Mr. Bashir Ahmed is the Chairman of the Board of Directors of IIBL. A graduate of the London School of Economics, he is currently the Chairman of Attock Refineries Limited. He has earlier served with the World Bank as Pakistan's Representative, Managing Director of Industrial Development Bank of Pakistan, Chairman of Agricultural Development Bank of Pakistan and Federal Secretary Ministry of Petroleum 8 Natural Resources.

PRESIDENT AND CEO: Mr. M. Nadeem Anwar is President and Chief Executive of the Islamic Investment Bank since May 1995. Mr. Anwar has a degree in Mechanical Engineering and a Masters in Business Administration from the United States. He has earlier worked with ANZ Grindlays Bank in Pakistan and Shearson Lehman Brothers in the United States.

OPERATIONS

The new management since May 1995 devoted its full attention to mobilize the NPL portfolio of the bank which seriously hampering the performance of the bank. To improve the liquidity of the bank daunting efforts had been made to initiate the fresh deposits. IIBL is known in the market to announce the most depositor friendly deposit rates.

By the grace of God, management is able to achieve both the tasks in a very short span of time.

SERVICES

At IIBL we are proud to offer our clients diversified services ranging from project and trade financing services to corporate advisory services.

OPERATIONAL CONTROL

An audit committee was constituted comprising of three directors. The internal controls of the bank are strengthened and effective method of check and balance is implemented to make sure that operations of the bank are running smoothly. The organizational structure of the bank was also reviewed with a view to strengthen the internal control and improve the quality of services to the clients.

HUMAN RESOURCE

It is the policy of the bank to recruit professionals with renowned name for there work in the market. Further, great emphasis is laid on development of the human resource of the bank by counseling within and outside the organization and job rotations.

Employees are encouraged to attend seminars and conferences to enhance their knowledge and experience.

CONTACT:

Khawaja Zia Abbas (COO) (92-21) 5675302
Tariq Ahmed (Branch Manager) (92-21) 5675302 Ext: 203
Raseesuddin Khan (92-21) 5675302 Ext: 233

PROFIT RATES ON INVESTMENT

Mahana Munafa / Multi Munafa

Period

Periodicity

Up to 1 Million

Up to 10 Million

Above 10 Million

One Year

Monthly

9.00%

9.25%

9.50%

One Year

Quarterly

9.25%

9.50%

9.75%

One Year

Half Yearly

9.75%

10.00%

10.25%

Three Year

Monthly

11.00%

11.25%

11.50%

Three Year

Quarterly

11.25%

11.50%

11.75%

Three Year

Half Yearly

11.75%

12.00%

12.25%

Five Year

Monthly

12.50%

12.75%

13.00%

Five Year

Quarterly

12.75%

13.00%

13.25%

Five Year

Half Yearly

13.25%

13.50%

13.75%

 


 

CERTIFICATE OF INVESTMENT

Period

Up to 1 Million

Up to 10 Million

Above 10 Million

One Month

8.00%

8.25%

8.50%

Three Months

8.50%

8.75%

9.00%

Six Months

9.25%

9.50%

9.75%

One Year

10.25%

10.50%

10.75%

Three Year

12.25%

12.50%

12.75%