BankIslami Pakistan : Transmission of Annual Report for the Year Ended Decemebr 31. 2023

We Serve a

BETTER BANKING EXPERIENCE

Annual Report

2023

Vision

Promoting global economic prosperity based on the Islamic Financial system

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BankIslami Annual Report 2023

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Mission

Saving humanity from Riba by offering

Shariah-compliant,customer-centric, innovative financial solutions, and creating value for our stakeholders, while upholding social responsibility and transparency.

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BankIslami Annual Report 2023

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Core Values

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BankIslami Annual Report 2023

• Shariah Excellence
• Innovation
• Meritocracy
• Teamwork
• People Centric

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Corporate Information

Board of Directors
Mr. Suleman Lalani	Chairman (Non-Executive Director)
Mr. Rizwan Ata	President & Chief Executive Officer
Mr. Akhtar Abbas	Independent Director
Mr. Ali Hussain	Non-Executive Director
Ms. Iffat Zehra Mankani	Non-Executive Director
Mr. Haider Ali Hilaly	Independent Director
Mr. Sulaiman Sadruddin Mehdi	Independent Director
Mr. Syed Ali Hasham	Non-Executive Director
Shariah Supervisory Board
Mufti Irshad Ahmad Aijaz	Chairperson
Mufti Javed Ahmad	Member
Mufti Muhammad Husain	Member
Mufti Syed Hussain Ahmed	Member
Board Audit Committee
Mr. Haider Ali Hilaly	Chairperson
Ms. Iffat Zehra Mankani	Member
Mr. Sulaiman Sadruddin Mehdi	Member
Mr. Syed Ali Hasham	Member
Board Risk Management Committee
Ms. Iffat Zehra Mankani	Chairperson
Mr. Sulaiman Sadruddin Mehdi	Member
Mr. Syed Ali Hasham	Member
Mr. Rizwan Ata, President & Chief Executive Officer	Member
Board Human Resources & Remuneration Committee
Mr. Akhtar Abbas	Chairperson
Ms. Iffat Zehra Mankani	Member
Mr. Suleman Lalani	Member
Mr. Syed Ali Hasham	Member
Board Information Technology Committee
Mr. Haider Ali Hilaly	Chairperson
Mr. Akhtar Abbas	Member
Mr. Suleman Lalani	Member
Mr. Rizwan Ata, President & Chief Executive Officer	Member
Company Secretary
Mr. Hasan Shahid
Chief Financial Officer
Mr. Sohail Sikandar
Auditors
KPMG Taseer Hadi & Co.,
Chartered Accountants
Legal Advisers
Haidermota & Co.
Mohsin Tayebaly & Co.

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BankIslami Annual Report 2023

Management (in alphabetical order)
Rizwan Ata	President & Chief Executive Officer
Imran Haleem Shaikh	Deputy CEO
Aasim Salim	Group Head Distribution
Bilal Fiaz	Group Head Consumer Banking
Burhan Hafeez Khan	General Manager South West
Faisal Anwar	Group Head Treasury & Financial Institutions
Kashif Nisar	Head of Product & Shariah Structuring
Madieh Khawar	General Manager - Central I
Masood Muhammad Khan	Head of Compliance
Mateen Mahmood	Head of Operations
Mohammad Faisal Dhedhi	General Manager South East
Muhammad Amin	Group Head Information Technology
Muhammad Assadullah Chaudhry	Head of Human Resource
Muhammad Idrees Sheikh	General Manager Interior Sindh
Muhammad Irfan Ahmed	Head of Shariah Compliance
Hasan Shahid	Company Secretary
Muhammad Shoaib Rizwani	General Manager South Punjab
Muhammad Uzair Sipra	Head of Legal
Rizwan Qamar Lari	Group Head Internal Audit
Sohail Sikandar	Chief Financial Officer
Syed Jahanzaib Ali	General Manager - Central II
Tariq Ali Khan	General Manager North
Usman Shahid	Group Head Risk Management
Zabih Ullah Usmani	General Manager Baluchistan
Zaheer Elahi Babar	Group Head Corporate Banking
Registered Office
11th Floor, Executive Tower,
Dolmen City, Marine Drive,
Block-4, Clifton,
Karachi.
Phone [phone](BIP)-111
Fax: [phone]
Email: [e-mail]
Share Registrar
CDC Share Registrar Services Limited
Head Office: CDC House, 99 - B, Block 'B',
S.M.C.H.S., Main Shahra-e-Faisal
Karachi- 74400.
Tel: [phone] Fax: [phone]
URL: www.cdcsrsl.com
Email: [e-mail]
Website:
www.bankislami.com.pk

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Discussion on Corporate Governance

The purpose of this section is to provide a holistic view of Bank's corporate governance culture and practices.

The Board of Directors of the Bank (the 'Board') aims to adopt best practices of the corporate governance to promote transparency in whatever we do, avoid conflicts and deliver sustainable value to shareholders. The Board performs its statutory roles and responsibilities diligently while ensuring that the Bank is functioning under the competent management team. The Board review and approve the Bank's strategy and risk appetite. It also approves the capital and operational plans for achieving strategic objectives on the recommendation of the management.

The Bank has adopted the requirements under Corporate Governance Regulatory Framework (CGRF) issued by State Bank of Pakistan (SBP) and Listed Companies Code of Corporate Governance Regulation, 2019 (CCG) issued by Securities and Exchange Commission of Pakistan (SECP), and these have been duly complied with. A statement to this effect is part of the Annual Report.

The Board aspires to achieve continuous improvement in Corporate Governance culture by enhancing its soundness and effectiveness in the years to come. We believe it as a key to successfully fulfilling our mission to become more responsible and agile Bank in an era of disruption and digitization. The Bank has embraced gender diversity by having a representation of female independent director on its Board. Further, it has ensured representation of independent members on its Board in compliance with the regulatory requirement.

The Board performs (in-house every year and through external evaluator once in every three years) performance evaluation of the Board, the Chairman and Individual Directors, the President & CEO and Board's Committees in compliance with the Corporate Governance Regulatory Framework issued by State Bank of Pakistan and as required under the Listed Companies (Code of Corporate Governance) Regulations, 2019. The evaluation is conducted covering areas, particularly in respect to its composition, expertise, effective risk management, adequate system of internal controls and audit function. Based on the assessment results, areas of strength and improvement were identified followed by discussion on performance improvement plans with each individual Board member.

The Board, while nominating and appointing its members, ensures that it possesses requisite skills and expertise through its members carrying diversified education and experience so as to govern the strategy, policies and operations of the Bank in an effective manner.

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