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Dawood Islamic Bank (DIBL)
has been renamed as BURJ BANK, effective July 11, 2011, with the approval of
the State Bank of Pakistan (SBP). This is a result of over US$ 21 million
invested by the Islamic Corporation for Development of the Private Sector (ICD),
Jeddah and Unicorn Investment Bank, Bahrain, in Dawood Islamic Bank (DIBL).
With assets in excess of Rs.
50 billion; a workforce of 1400 professionals and a network of 89 branches
in 36 cities and towns across Pakistan, Burj Bank (Pakistan) Limited is
devoted in providing customers with a range of Shariah compliant products to
suit their banking needs. Burj Bank has emerged with a new vision and a new
mission. The new vision of the bank is to become the benchmark for Islamic
Banking backed by a new mission to be among the top 10 banks of Pakistan
within a decade. The foreign investment made by ICD and Unicorn in the bank
is a reflection of the confidence in Pakistan in general and prospects of
Islamic banking in the country in particular.
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