BankIslami Pakistan Limited was the first bank to receive an Islamic banking license under the Islamic Banking Policy of 2003 from the State Bank of Pakistan on March 31, 2005. The bank commenced operations on April 7, 2006, and aims to be a leading and preferred Islamic bank. It provides a comprehensive range of Shariah-compliant financial products and services to customers across Pakistan, including retail banking, corporate banking, consumer banking, and investment banking, all based on Islamic principles.