About Islamic Banking

Globally, the Islamic financial services industry stands at an estimated size of USD 380 billion and consists of more than 285 financial institutions around the world. The industry has evolved from a regional business into one of a global scale. The annual average growth rate of about 15% reflects in part the economic growth in the Islamic world.

The industry has grown from commercial banking to retail banking and investment banking. Its sophistication and product offering has developed along with this change. Islamic Banking is an inclusive paradigm: not only Muslims, but non-Muslim individuals and communities are seeking ethical financial solutions. Large multinational banks are creating Islamic Banking windows in Muslim and non- Muslim countries alike. Additionally, Middle Eastern banks are converting into full-fledged Islamic Banks.

ABN AMRO is at the forefront of this development in the global banking industry and has launched Islamic Banking operations in Pakistan and in other countries to cater for the specific needs of our customers in a Shariah compliant way. Central to this is our commitment to Shariah compliance and assurance that our products meet the highest levels of Shariah Standards. We engage a panel of Shariah experts who capitalize on their knowledge and skills to help us develop products which are not only acceptable in the local and international markets, but are also in line with the principles of Shariah.