Sunday, 29 October 2006 21:06
Mr. Hasan A Bilgrami (22nd Entry) is the Chief Executive Officer and Director of BankIslami. His association with the BankIslami started as a consultant to the sponsoring shareholders right at the inception of the project where he was responsible for developing the business plan, arranging permissions, staffing and capital raising. Previously he worked as the Head of Asset Management with the National Investment Trust (NIT), as Country Manager Consumer Banking & Corporate Business with Gulf Commercial Bank (now PICIC Commercial Bank Limited) as General Manager Corporate Finance with ORIX Investment Bank and as Director and Head of Corporate Finance with Khalid Majid Husain Rahman, then a member firm of Deloitte & Touche.
Hasan has hands on experience in structuring Islamic modes of financing while he worked as a Secretary of the Financial Instruments Committee of the Islamic Finance Commission. His specific task was development of model financial instruments that could be used by the financial services industry in Pakistan. The scope of work not only included both asset and liability side products, but also included areas such as risk management and capital adequacy. Model agreements were also part of the mandate. His work of model agreements has been approved by the Shariah Board of the State Bank of Pakistan and have become the industry standard.
He has also been a Director on board of PICIC, Soneri Bank Limited, Fauji Fertilizer Company Limited and National Refinery Limited. He is also a Director on the Board of KSB Pumps Limited as well as a Chairman of the Audit Committee. He has overall 17 years of professional experience.
BankIslami Pakistan Limited (“BankIslami”) is the first bank to receive Islamic Banking license under the new Islamic Banking policy of 2003. BankIslami offers full range of Shariah compliant commercial banking products and services including Liability products such as Current & Saving accounts, Term deposits and Asset products such as Car Ijarah, Diminshing Musharika based housing finance, Murabaha finance, Trade finance including Islamic Export Refinance as well as services which include Biometric ATM facility, Internet banking service etc. The Bank envisages to be the first Islamic Financial institution in Pakistan to focus on Wealth Management as its core area of business