BOK to celebrate 10th Anniversary of its Raast Islamic Banking

The Bank of Khyber (BOK) will celebrate 10th Anniversary of Raast Islamic Banking in November 2013 which will enhance the awareness of Islamic Banking among general public across the country; this was stated by Mufti Muhammad Zahid Chairman BOK Shariah Supervisory Committee (SSC) while presiding 27th meeting of BOK SSC in Islamabad today. The meeting was attended by all members of shariah supervisory committee i.e. Prof. Syed Muhammad Abbas, Dr. Dost Muhammad Khan, Dr. Shahzad Iqbal Sham and Mr. Muhammad Ayub. The meeting was also attended by BOK Group Head Raast Islamic Banking Mr. Kamran Masud Khan, Group Head Operations Mr. Shabeer A. Sheikh, Shariah Advisor Qazi Abdul Samad and Secretary SSC Muhammad Asad. The BOK’s Shariah Committee expressed their satisfaction over the Shariah compliant structure of Raast Islamic Banking as well as business performance in terms of deposits which have crossed the mark of Rs 14 billion and financing above Rs. 5.5 billion with network of Islamic branches which is comprised of 38. The Shariah Committee also appreciated the proposal of holding 10th anniversary of Raast Islamic Banking of BOK in November 2013 with the aim that BOK’ Raast Islamic Banking will further attract new customers across the country.