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.