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Islamic Financial Institutions and Banks
Al-Tawfeek Company for Investment Funds Ltd.
Al-Tawfeek Company for Investment Funds Ltd. (Established 1992) is a pioneer in Sharia compliant investments with an international reputation as an established, credible force in the global financial markets..
Muslim Commercial Bank Ltd
MCB is one of the leading banks of Pakistan with a deposit base of about Rs. 280 billion and total assets of around Rs.300 billion. Incorporated in 1947, MCB soon earned the reputation of a solid and conservative financial institution managed by expatriate executives. In 1974, MCB was nationalized along with all other private sector banks. This led to deterioration in the quality of the Bank’s loan portfolio and service quality. Eventually, MCB was privatized in 1991.
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