He was speaking at the formal inauguration of BoK Raast Islamic Banking branch at Main Bazzar, Battagram. The inaugural ceremony was also attended by notables of the area & business community. The formal inauguration ceremony of BoK Raast Islamic Banking branch was also attended by BoK's Executive Director Mir Javed Hashmat, BoK Islamic Banking Group Head Kamran Masood Khan. Group Head HRD Tariq Nasim, Head Islamic Business Development Sohail Khan Head Business Development Conventional Lal Nawaz Khattak and Head Marketing Syed Ali Nawaz Gilani.
Bilal Mustafa said that Raast Islamic Banking of BoK has trader friendly network in all major cities of the country and we are increasing this net-work by establishing more branches by December2012 and it will further enhance in 2013. BoK has also been serving Islamic Banking clients by providing them all banking services through its net-work across the country successfully since 2003.
Bilal Mustafa also mentioned that BoK Raast Islamic Banking is supervised by proper Shariah Compliant Committee as per State Bank of Pakistan's rules. In this regard Islamic Banking Group and full time Shariah Compliance Department is ensuring proper compliance of all Shariah rules. This is a prime responsibility of BoK to provide Shariah Compliance schemes which are now getting encouraging results from the clients. Bilal Mustafa mentioned that BoK Raast Islamic Banking showed considerable growth in profit of Islamic Branches during last three years. Bilal Mustafa also mentioned the BoK Raast Islamic Banking Group is actively working on new Islamic Products and with the establishment of new Islamic Banking branches will further enhance its clientage.-PR