Company Information

Get to know Burj Bank Limited

Originally incorporated as Dawood Islamic Bank Limited in 2006, the institution was later acquired by Bank Alkhair of Bahrain and rebranded as Burj Bank Limited. As a full-fledged Islamic commercial bank headquartered in Karachi, it provided a range of Shariah-compliant banking services to retail, corporate, and investment clients across Pakistan. Facing capital adequacy challenges, the bank underwent a sanctioned amalgamation with Al Baraka Bank (Pakistan) Limited, with the merger officially completed in late 2016, at which point the Burj Bank brand and entity ceased to exist.

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Burj Bank Limited

N/A

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.