BankIslami Pakistan : Transmission of Annual Report for the Year Ended December 31, 2021

The Trust Evolution

Evolution is inevitable especially in today's time when digitization has taken over. There is innovation every day, with new methods and newer solutions. In such times, holding on to your roots is a challenge which BankIslami has overcome triumphantly. Staying true to our fundamental offerings of trust, we remain unwavered as we embark on the journey to progress, the digitized way!

Contents
Vision and Mission...............................................................................................................................................................................	03
Core Values................................................................................................................................................................................................	03
Corporate Information........................................................................................................................................................................	08
Profile of the Board...................................................................................................................................................................................	11
Profile of Shariah Board......................................................................................................................................................................	21
Financial Highlights at a Glance..................................................................................................................................................	24
Chairman's Review.................................................................................................................................................................................	27
Directors' Report.......................................................................................................................................................................................	31
Financial Summary................................................................................................................................................................................	63
Achievements and New Initiatives............................................................................................................................................	64
Statement of Internal Control.........................................................................................................................................................	71
Statement of Compliance with the Code of Corporate Governance.................................................................	73
Review Report to the Members....................................................................................................................................................	76
Report of Shariah Supervisory Board.......................................................................................................................................	78
Charity Funds Utilization Report..................................................................................................................................................	91
Deen Connect...........................................................................................................................................................................................	95
Independent Auditors' Report to the Members on Unconsolidated Financial Statements...........	96
Unconsolidated Statement of Financial Position........................................................................................................	106
Unconsolidated Profit & Loss Account................................................................................................................................	107
Unconsolidated Statement of Comprehensive Income..........................................................................................	108
Unconsolidated Statement of Changes in Equity.......................................................................................................	109
Unconsolidated Cash Flow Statement..................................................................................................................................	110
Notes to and forming part of the Unconsolidated Financial Statements......................................................	111
Independent Auditors' Report to the Members on Consolidated Financial Statements................	193
Consolidated Financial Statements......................................................................................................................................	202
Pattern of Shareholding...................................................................................................................................................................	291
Categories of Shareholders.........................................................................................................................................................	294
Notice of Annual General Meeting.........................................................................................................................................	295
Correspondent Banking Network...........................................................................................................................................	305
Branch Network.......................................................................................................................................................................................	311
Proxy Form.................................................................................................................................................................................................	315

Vision

To be recognized as the leading Authentic Islamic Bank.

Mission

To create value for our stakeholders by offering Authentic, Shariah Compliant and technologically advanced products and services.

We differentiate ourselves through:

• Authenticity
• Innovation
• Understanding our clients' needs
• Commitment to excellence
• Fast, efficient and seamless delivery of solutions

As a growing institution, the foundation of our performance lies on our human capital and BankIslami remains committed to becoming an employer of choice, attracting, nurturing and developing talent in a transparent and performance driven culture.

Core Values

BankIslami is strongly committed towards its core values of:

• Product Authenticity
• Customer Focus
• Meritocracy
• Integrity
• Team work
• Humility
• Innovation