Acknowledging Efforts in Completing the Task

ACKNOWLEDGEMENT Formatted: Heading 1, Line spacing: single
Beginning with the name of Allah, the most advantageous and the most lenient, this errand which
we were allotted could not have been plausible without Allah’s assistance. Afterwards, we would
like to acknowledge with much appreciation the crucial role of Sir Farrukh, who gave us the
permission to use all required equipment and the necessary material to complete this task.
A special thanks goes to our teammates who have invested their full effort and time in achieving
this goal and played out this measure of undertaking while at the same time meeting the desired
level and the dead line.
Lastly, we appreciate the guidance given by other senior faculties and teachers of our department
and also cordially thank the bank manager of Silk Bank, Gulshan-e-Iqbal Branch for providing
his valuable time and information needed by us in the preparation of this report and deeply thank
all of the acknowledged people for their comments and advices that has enabled us to execute this
delegated task in the best possible manner.
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EXECUTIVE SUMMARY
Silk Bank came into existence on March 31, 2008, a syndicate comprising of the IFC, Bank
Muscat, Nomura International and Sinthos Capital led by senior bankers Mr. Shaukat Tarin and
Mr. Sadeq Sayeed who acquired 86.55% stake in Silk Bank for around $213 million. Saudi Pak
Industrial and Agricultural Investment Company Pvt. Ltd (SAPICO) was renamed Silk Bank
Pakistan Ltd. Under the new leadership, the Bank continues to focus on SME & Consumer
financing resulting in efforts of increased profitability.
Currently under depository section Silk bank provides the services of current account, savings
account, foreign currency account and term deposit accounts whereas as advances are concerned
it provides the facilities of various loans and SME financing to eligible individuals in that regard.
Several insurance and remittances products provided by silk bank have also been briefly
elucidated in this report. Keeping pace with the technological advancements of the 2st century
Silk bank also provides technical products as well as e-delivery channels for the catering of
individual’s banking needs in this modern era. Furthermore, corporate, Investment and treasury
related whole sale services are also being provided by the bank. Moreover, Islamic banking is
especially taken consideration of and under that head various products are delivered in addition
to SME Islamic financing and other loans. The Emaan banking has its own board, branch and
eligibility criteria and it is tried best by the bank to keep it in accordance strictly with the rules
and regulations mentioned in the Islamic Sharia and for that appropriate measures such as taking
help from recognized religious scholars have been observed.
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TABLE OF CONTENTS
ACKNOWLEDGEMENT..................................................................................................................... 1
EXECUTIVE SUMMARY..................................................................................................................... 2
INTRODUCTION ................................................................................................................................... 6
BRIEF HISTORY OF SILK BANK ................................................................................................... 6
GOALS OF SILK BANK ...................................................................................................................... 7
Specific Goal:........................................................................................................... 7
General Goals: ........................................................................................................ 7
VISION STATEMENT ................................................................................................ 7
Customer Focus .................................................................................................. 8
MAJOR PARTNERS OF SILK BANK ............................................................................................ 8
IFC (International Finance Corporation) ......................................................... 8
Nomura Holdings .................................................................................................... 9
Bank Muscat ............................................................................................................ 9
MANAGEMENT ..................................................................................................................................... 9
BOARD OF DIRECTORS ........................................................................................ 10
PROFILE OF BOARD OF DIRECTORS ................................................................. 11
MR. MUNAWWAR HAMID ............................................................................................................... 13
MR. TARIQ IQBAL KHAN................................................................................................................. 13
Mr. Khalid Aziz Mirza .................................................................................................................... 14
Mr. Talha Saeed Ahmed ................................................................................................................ 15
Mr. Nasim Beg .................................................................................................................................. 16
Mr. Azmat Tarin .............................................................................................................................. 17
MR. ZUBAIR NAWAZ CHATTHA .................................................................................................... 18
Mr. Rashid Akhter Chughtai........................................................................................................ 19
Mr. Shahzad Enver Murad ........................................................................................................... 20
COMPANY SECRETARY ....................................................................................... 23
CHIEF FINANCIAL OFFICER ......................................................................................................... 23
AUDIT COMMITTEE ............................................................................................... 23
RISK COMMITTEE .................................................................................................. 23
IT COMMITTEE ....................................................................................................... 23
HUMAN RESOURCE COMMITTEE ....................................................................... 24
AUDITORS COMMITTEE ....................................................................................... 24
LEGAL ADVISORS ............................................................................................................................. 24
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REGISTERED OFFICE ..................................................................................................................... 24
SHARE REGISTRAR ......................................................................................................................... 25
PRODUCTS OF SLIK BANK........................................................................................................... 29
DEPOSITS ............................................................................................................... 29
CURRENT ACCOUNT ...................................................................................................................... 29
SAVINGS ACCOUNT ....................................................................................................................... 33
FOREIGN CURRECNY ACCOUNT ................................................................................................. 35
TERM DEPOSITS .............................................................................................................................. 35
LOANS AND ADVANCES ...................................................................................... 37
M’POWER ......................................................................................................................................... 37
AGRICULTURE FINANCE ............................................................................................................... 37
PERSONAL LOAN ........................................................................................................................... 38
SMART PLAN ................................................................................................................................... 40
READY LINE ..................................................................................................................................... 40
SME CASH EASE ............................................................................................................................. 42
SME RELEATIONSHIP .................................................................................................................... 43
INSURANCE PRODUCT ........................................................................................ 44
ROSHAN MUSTAQBIL ..................................................................................................................... 44
SUNEHRA KAL ................................................................................................................................. 45
MEHFOOZ HAR PAL........................................................................................................................ 45
SILK HEALTH PLAN ........................................................................................................................ 46
THREE PAYMENT PLAN ................................................................................................................. 46
SADA BAHAR PLAN ........................................................................................................................ 46
TAHAFFUZ PLAN ............................................................................................................................ 46
AL- HAYAT TAKKAFUL PLAN ........................................................................................................ 46
SILK INVEST PLUS .......................................................................................................................... 46
SILK SECURE TAKKAFUL .............................................................................................................. 47
ENDOWMENT PLAN ....................................................................................................................... 47
REMITTANCES ....................................................................................................... 47
SILK FAUREE TRANSFER .............................................................................................................. 47
WESTERN UNION ............................................................................................................................ 49
E- DELIVERY CHANNELS ..................................................................................... 49
Direct Internet Banking .............................................................................................................. 49
E-Statements ................................................................................................................................... 50
Inter Bank Funds Transfer ......................................................................................................... 50
Silkbank Phone Banking .............................................................................................................. 50
SMS Alerts ...................................................................................................................................... 51
Utility Bills Payment Service ...................................................................................................... 52
SILK MOBILE .................................................................................................................................... 53
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TECHNOLOGICAL PRODUCTS ............................................................................ 54
Visa Debit Card ............................................................................................................................... 54
Credit Cards ................................................................................................................................... 57
WHOLESALE SERVICES PROVIDED BY SILK BANK ...................................................... 60

CORPORATE BANKING ........................................................................................ 60
INVESTMENT BANKING ....................................................................................... 61
Treasury ................................................................................................................ 62
Fixed Income Sales: ........................................................................................................................ 62
Forex Market: ................................................................................................................................. 63
Money Market: ................................................................................................................................ 63
Middle Markets: ............................................................................................................................. 63
EMAAN BANKING ............................................................................................................................. 64

Vision....................................................................................................................... 64
SILK BANK EMAAN BANKING PRODUCTS .......................................................................... 65
Shari’a Compliance Framework for SME ......................................................................... 75
Eligibility Criteria for Islamic SME Finance .................................................................. 77
Eligibility Criteria ............................................................................................... 78
E-CIB Status ........................................................................................................... 78
Market Check ....................................................................................................... 78
Financing Limits .................................................................................................... 79
Pricing Criteria .................................................................................................... 79
Submission of Documents ................................................................................... 79
Modes of Repayment its Frequency & Penalties ........................................... 80
The Shari’a Board............................................................................................................................ 81
Dr. Muhammad Qaseem ........................................................................................ 81
Mufti Syed Adnan Kakakhail ............................................................................. 81
Mufti Syed Abu Bakr ............................................................................................ 82
SILK BANK BRANCH NETWORK ............................................................................................... 83
CONCLUSION ...................................................................................................................................... 83
APPENDIX ............................................................................................................................................. 84
REFERENCE ........................................................................................................................................ 85
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INTRODUCTION
Banks play a vital role in strengthening economy of any country. They help in mobilizing
savings and provide capital for trade, commerce and industry. In Pakistan, Banking sector has
always shown remarkable results in the past and is carrying on with it.
SILK BANK is one of the new banks in Pakistan, and is playing a key role in the development of
the country.
BRIEF HISTORY OF SILK BANK

Silkbank is a scheduled commercial bank listed on all stock exchanges in Pakistan with its
Central Office located in Karachi.
1. On September 15, 2001, under the supervision of SBP, the institution then known as
Prudential Commercial Bank Limited was acquired by Saudi Pak Industrial and
Agricultural Investment Company (Pvt) Limited and renamed as Saudi Pak Commercial
Bank Limited.
2. On March 31, 2008, a Consortium comprising

• International Finance Corporation (IFC)
• Bank Muscat
• Nomura European Investment Limited
• Sinthos Capital Advisors (led by Mr. Shaukat Tarin and Mr. Sadeq Sayeed)
Acquired a majority stake (86.55%) in Saudi Pak Commercial Bank Limited for around USD
213 million or USD 0.47 per share (PKR 29.3 equivalent per share)
3. It was subsequently rebranded as Silkbank Limited on June 01, 2009 and major
shareholders of the Bank included:
• Sinthos Capital comprising of Mr. Shaukat Tarin,
• Mr. Sadeq Sayeed
• Mr. Azmat Tarin,
• M/s Arif Habib Corporation Limited, International Finance Corporation OFO,
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• Nomura European Investment Limited,
• Bank Muscat S.A.O.G
• Mr. Zulqarnain Nawaz Chattha and Mr. Zubair Nawaz Chattha of Gourmet Group.
The Bank is engaged in providing financial services via 123 branches located in 39 cities
throughout the country and offers a range of retail, consumer, corporate and Islamic products.
Under the new leadership the bank will continue to focus on SME & Consumer financing
resulting in efforts of increased profitability.
GOALS OF SILK BANK

Specific Goal:
• Silk Bank belongs to the people. It implies that it stands for meeting the banking needs of
the mass people of the society.
General Goals:
• To earn profit for the Bank itself and maximize its shareholder’s value.
• To provide solutions for multiple requirements of clients of diverse financial nature.
• To manage with the changing trends of the modern-day financial market.
• To be a diversified bank by offering all basic consumer services along with Specialized
services
• Honest and ethical conduct, including ethical handling of actual or apparent conflicts of
interest between personal and professional relationship.
• To provide maximum employment opportunities to people.
• To help in development and industrialization of the country.
VISION STATEMENT Formatted: Heading 1 Char, Font: (Default)
Copperplate Gothic Bold, 11 pt, Not Bold, No
“Benchmark of excellence in Premier Banking”. underline, Font color: Background 2, English (United
MISSION STATEMENT Formatted: Heading 1 Char, Font: (Default)

Copperplate Gothic Bold, 11 pt, Not Bold, No
“To be the leader in Premier Banking trusted by customers for accessibility, service and underline, Font color: Background 2, English (United
innovation. Be an employer of choice, creating value for all stakeholder”.

Formatted: Heading 1 Char, Font: (Default)
CORE VALUES Copperplate Gothic Bold, 11 pt, Not Bold, No
underline, Font color: Background 2, English (United
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Customer Focus
At Silkbank, the customer remains at the core of all activities. Service Quality is the key
differentiator.
Integrity Formatted: Heading 2 Char, Font: (Default)
Copperplate Gothic Bold, Not Bold, No underline, Font
Honest and upfront maintaining the highest level of personal and corporate integrity. color: Background 2, English (United States)
Teamwork Formatted: Heading 2 Char, Font: (Default)

Teamwork is the key strength. color: Background 2, English (United States)
Creativity Formatted: Heading 2 Char, Font: (Default)

Out of the box thinking is the enabling factor for them to be recognized as an innovative color: Background 2, English (United States)
organization Meritocracy. Merit remains the key primary criteria for rewarding performance.
MAJOR PARTNERS OF SILK BANK
IFC (International Finance Corporation)
A member of the World Bank Group, fosters sustainable economic growth in

developing countries.
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Nomura Holdings
A leading investment bank with network in over 30 countries and total assets of
USD 221B. Recently acquired Lehman Brothers in Asia and Europe.
Bank Muscat
Largest bank of Oman with assets of over USD 15 billion, having significant
presence in the Middle East.
MANAGEMENT
Significant benchmarks can only be attained by a skilled and dedicated team,
having a clear vision to steer forward towards a common goal. Silk bank takes
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pride in having such a team, committed and dedicated to contribute to the
advancement of the organization. This dedication and commitment resulted in the
Bank achieving excellent results in the year 2018.
BOARD OF DIRECTORS Formatted: Font: (Default) Copperplate Gothic Bold, 14

pt, Bold, Font color: Background 2
Munawwar Hamid Chairman
Khalid Aziz Mirza Director
Nasim Beg Director
Rashid Akhter Chughtai Director
Shahzad Anwar Murad Director
Talha Saeed Ahmed Director
Tariq Iqbal Khan Director
Zubair Nawaz Chattha Director
Ahmed Shahzad Ahmed Tarin President and CEO
Shaukat Tarain Advisor to the Chairman
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PROFILE OF BOARD OF DIRECTORS
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MR. MUNAWWAR HAMID
Mr. Munnawar Hamid was elected as an Independent Director and Chairman of the
in March, 2008 and was re-elected as a Director by the shareholders of the Bank.
Mr. Hamid was also appointed as the Chairman by the Board in August, 2011.
August, 2014, and August, 2017 and held this position till January, 2019.
Mr. Hamid gained experience of commerce and industry while serving in a major
chemicals company, ICI Pakistan Limited. as Chief Executive, as well as
Chairman of a number of subsidiary companies of Global Corporations in
Pakistan, which include ICI Pakistan and Pakistan PTA (now Lottee Pakistan
PTA). He has served in London as a Global Senior Corporate Planner PLC for its
Pharmaceuticals. Agrochemicals and Seeds, and especially, Chemical Businesses.
Subsequently, he was appointed as an advisor to the CEO of PLC London, for
South Asia. Mr. Hamid has also been associated with a number of Boards, high-
level consultative bodies, Public Sector Organizations. leading Advanced
Educational institutions and the Financial Sector of Pakistan, and has over 46 years
of experience in the fields of business & corporate management and operations. In
October. 1997, he was appointed as an Officer in the Most Excellent Order of the
British Empire COBE) by HM. the Queen, for services to ICI and Economic
Development in Pakistan, Mr. Hamid is a graduate from Punjab University, and
also holds BA Hons) and a Master’s degree from Cambridge University, UK.
MR. TARIQ IQBAL KHAN

Mr. Tariq Iqbal Khan Was elected as an Independent Director on the Board of the
Bank in December, 2010 and was also reelected as a Director by the shareholders
of the Bank in August, 2011, August, 2014 and in August, 2017 and has held this
position since then. He is also a member of the Audit Committee and Risk
Committee of the Board. MT. Khan is the ex-Chairman of National Investment
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Trust Limited. He has also served on various positions in Federal Board of
Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP). Mr.
khan has also played a significant role as Pakistan Banks Association's Chairman
Mr. Khan is a Chartered Accountant profession, and has 39 years of experience,

He has served the Boards of various other banks and companies.
Currently, he holds directorship in the following listed companies:
Mr. Khalid Aziz Mirza

Mr. Khalid Aziz Mina was elected as an independent Director on the Board in
August, 2014 and was reelected by the Shareholders of the Bank in August, 2017.
He is also a chairman of the HR Committee of the Board. Mr. Mirza is a M.Com
from the university of Punjab, Lahore— Pakistan, and has about 53 years of work
experience. Mr. Mirza served for 13 various positions which include the
Investment Corporation Pakistan (ICP) and Credit & Corporation London.
Subsequently, about two decades, he remained on the professional investment staff
of the international Finance Corporation (IFO (Member, World Bank Group).
Besides this, he has also served as the founding Chairman of Securities and
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Exchange Commission of Pakistan (three years); Sector Manager for Financial
Sector Development, East Asia & pacific Region, The world Bank, Washington
Dc, USA (about four years); Chairman and Chief Executive Monopoly Control
Authority (one year); founding Chairman arid Chief Executive Competition
Commission Of Pakistan (three years); and Member, Competition Appellate
Tribunal (about eight months). Mr. Mirza joined the Lahore University of
Management Sciences in 2010 and at present is a Professor of Practice.
Mr. Mirza is also an Independent Director and Chairman of the Board of Orix
Leasing Pakistan Limited & Awwal Modaraba and an Independent Director on the
boards of Medgulf Insurance, Bahrain as well as Murree Brewery Company
Limited.
Significant among his regular consultancy assignments are Finance Consultant,

WAPDA; Advisor, Investment Climate Reforms Unit, Government of Punjab; and
Evaluator, Investment Evaluation unit, The World Bank Group.
Mr. Talha Saeed Ahmed

Mr. Talha Saeed was appointed as an Executive Director on the Board of Silkbank
in April, 2015 and was reelected as an Executive Director by the shareholders of
the Bank in August, 2017.
He has 30 years of well diversified experience at senior positions in leading

financial institutions. He has held a number of important appointments in NDFC,
ANZ Grindlays Bank. Union Bank and Standard Chartered Bank. He is presently
the Group Head of Wholesale Banking, looking after Corporate, Treasury,
Financial Institutions, Investment Banking and Small & Medium Enterprises
Business. previously. he held the position of Group Head Retail Banking. looking
after Branch Banking. Consumer Assets and Small & Medium
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Enterprises. He held the position of General Manager, Small Medium Enterprises
in Standard Chartered Bank. He was also a member Of the Senior management
Committee in Standard Chartered Bank.
In addition to the above, Mr. Sneed has held the position of a Director on the
Board of Lahore Stock Exchange and served as Convener of The Regulatory
Affairs Committee of Lahore Stock Exchange- He is presently a Director on the
Board of Agritech Limited, a publicly-listed fertilizer manufacturing unit. He has
attended many training Courses and workshops in Pakistan and abroad, and has
also attended conferences on SME's, organized by International Finance
Corporation CFC). He is a certified trainer Of IFC on SME banking. Some of his
major achievements during his career are, pioneering programmed-based lending
to SME's in Pakistan. setting up SME businesses from scratch in three banks, and
setting up consumer business in Silkbank.
W. Saeed holds a Master’s degree in Economics from Quaid-i-Azam university,

Islamabad and is a Commerce graduate from Hailey College of Commerce. He is a
fellow member Of the Institute Of Bankers in Pakistan and a Certified Director on
the panel of Pakistan Institute of Corporate Governance. He is also a trainer for
National Institute of Banking and Finance and State Bank of Pakistan for Small &
Medium Enterprises Business. He has also conducted training on SME•s in Islamic
banking.
Mr. Nasim Beg

Mr. Nasim Beg was appointed the nominee Director of M/S, Arif Habib
Corporation Limited. on the Board 'f the Bank with effect from January 1 8, 2016
and was reelected as a Director by the shareholders of the Bank in August. 20'7.
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After having studied at the Cadet College Hasanabdal, he qualified as a Chartered
Accountant in 1970, and also holds a Bachelor's degree in Commerce from
Karachi university.
Mr. Nasim Beg was the founder of Chief Executive of Arif Habib Consultancy and
Was the founder of Chief Executive (now Vice Chairman) of MCB Arif Habib
Savings & investments Limited (formerly Arif Habib Investments Limited), A
leading Asset Management Company of Pakistan.
Mr- Beg serves on the Board of Silkbank Limited as well as on the Boards of
several Arif Habib Group companies and apart from being Chairman or the
REIT Management Company. he also chairs the Board of Power Cement Limited.
Mr. Beg has a work experience of 48 years in the manufacturing industry, as well
as the financial sector, in domestic as well as international markets. He was a part
of the task force set up by the Securities & Exchange Commission off Pakistan
(SECP) to develop the Voluntary Pension System. Mr. Beg Was the founder
Chairman the SECP sponsored Institute Capital Markets and was a member of the
Prime Ministers Economic Advisory.
Mr. Azmat Tarin

Mr. Tarin is the President & CEO of Silkbank since October, 2003. Prior to which,
he was the Executive Director in Silkbank. He is a career banker with an
experience over 29 years. He started his career in Branch Operations in Lincoln
Savings, California. in 1989,
Subsequently. he moved to Saudi American Bank in Riyadh, where he was

involved in a project of centralizing operations. Mr. Tarin has also attended the
Management Associate Program at the Saudi American Bank. His first banking
assignment in Pakistan was with union Bank Ltd. from 1999 to 2006 as Head of
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Retail Banking, where he was a part or the core team that turned the bank into of
the most profitable banks of the country, in addition, he served on the Board of
Union from 2001 to 2006. He Is also serving as a Director of Sinthos Capital
Holding Ltd. Mr. Tarin is a Master of Business Administration (MBA) in
Management Sciences from Pepperdine University, Los Angeles, California.
MR. ZUBAIR NAWAZ CHATTHA

Mr. Zubair Nawaz Chattha has been associated with the family business his early
days, He bears impressive profile detailing an unprecedented track record,
bedecked and evenly interspersed with illustrious achievements and services on
various fronts during his professional career.
From his educational record to professional acumen, Mr. Chattha stands out par
excellence, after completing his BA, he went for a graduation in Law and
completed his LLB in Be also holds degree of LIM. On the academic front, he has
had renowned institutions among his alma maters. including University of Punjab.
Lahore and Harvard Law School.
Mr. Zubair Nawaz Chattha belongs to a business family owning businesses with
the brand name "Gourmet" in Pakistan, after completing his education he joined
his family business with his father and brother. At the time. Gourmet was operating
with sweets and bakers retail shops in Lahore with 3 production units. He
introduced the idea of production of carbonated soft drinks under the brand name
Gourmet. It was a tough decision to compete well-established brands in the drink
industry. It has Vision and commitment through which he was able to introduce
Gourmet brand as an alternate option in the beverage industry which was
previously dominated by multinationals.
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He managed the portfolio of food related items and promoted the family brand
"Gourmet" by introducing marketing and integration strategies. He was
instrumental in setting up dairy and confectionary units and acquiring a-sugar mill.
He also introduced and promoted the "Conglomerate Diversification” by venturing
into Other businesses Gourmet Petroleum, investment in banking sector through
equity Investment in Silkbank. where the group holds 12.5% of the bank's paid up
capital and acquisition Of News TV channel. His vision is to introduce -Gourmet"
worldwide as a Pakistani Brand. He Is, at present, planning to expand the business
in UK and UAE.
Mr. Zubair joined Police Service Pakistan (PSP) through qualifying the
competitive examination in 1995. After completing the training, he remained
posted on various sensitive positions. Ali these public sector positions required
highest level of administrative capabilities. Mr.Zubair demonstrated extraordinary
skill and expertise in handling complex situations on these assignments. During his
service, he remained on leave in different periods for attending to the new gourmet
projects. He resigned from government service and his resignation was accepted
w.e.f August 1, 2016.
Mr. Rashid Akhter Chughtai

Mr. Rashid Akhtar Chughtai was appointed as an independent director on the
Board of bank on August, 2017. He is also a member Of HR Committee of the
Board. Mr. Rashid is an Economist / Banker by and has 44 years of experience. He
has served on various positions in the Banking Industry and Other companies. He
has served the Deputy Governor of the State Bank of Pakistan, Chairman or
Islamabad Stock exchange. President CEO of & SME Bank Limited, and Director
Of National Commodity Exchange,
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Mr. Chughtai holds a Masters Economics from Peshawar University and other
professional qualifications from different national and international bodies, He has
further attended conferences, courses. seminars and meetings.
Mr. Shahzad Enver Murad

Mr. Shahzad Enver Murad appointed as an Independent Director of the Board of
the Bank on September. 2017. He is also the Chairman of Audit Committee and a
member Risk Committee the Board.
Mr. Murad brings with him more than 41 years of experience in providing
consultancy services and serving in various local as well as multinational banks.
He has played significant roles as Chair of the Finance Committee & Co-Chair of
the Tender Committee of Karachi Port Trust, CEO and Managing Director of NBP
Leasing Ltd., CEO and Managing Director of Onion Leasing Ltd., Advisor to
Chairman of Union Bank Ltd and Deputy Country Head of Oman International
Bank.
Mr. Murad holds a degree in Bachelor of Arts from University of Punjab and is a
Certified Director from ICAP. He also holds professional qualifications from
different national and international bodies and has attended and conducted
conferences. courses, seminars and meetings.
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COMPANY SECRETARY
Faiz ul Hasan Hashmi
CHIEF FINANCIAL OFFICER

Syed Liaquat Ali
AUDIT COMMITTEE
Shahzad Enver Murad Chairman
Nasim Beg Member
Tariq Iqbal Khan Member
Wajih Zaidi Secretary
RISK COMMITTEE Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,

Font color: Background 2
Tariq Iqbal Khan, FCA Acting Chairman/ Member Formatted: Heading 2, Line spacing: 1.5 lines, Border:
Between : (Single solid line, Auto, 0.5 pt Line width,
Shahzad Enver Murad Member From text: 1 pt Border spacing: ), Bar : (Single solid
line, Auto, 0.5 pt Line width), Box: (Single solid line,
Auto, 0.5 pt Line width)
Muhammad Atif Kausar Secretary
IT COMMITTEE Formatted: Font: Copperplate Gothic Bold, 12 pt, Bold,

Nasim Beg Chairman
Formatted: Heading 2, Line spacing: 1.5 lines, Border:
Zubair Nawaz Chattha Member From text: 1 pt Border spacing: ), Bar : (Single solid
Javed Yousuf Edhi Secretary
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HUMAN RESOURCE COMMITTEE
Khalid Aziz Mirza Chairman
Munawwar Hamid Member
Rashid Akhtar Chughtal Member
Kaleem Ahmed Secretary
AUDITORS COMMITTEE Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,

M/s. Grant Thornton Anjum Chartered Accountants Formatted: Heading 2, Line spacing: 1.5 lines, Border:
Rehman From text: 1 pt Border spacing: ), Bar : (Single solid
LEGAL ADVISORS Formatted: Heading 1, Line spacing: 1.5 lines
Ghani Law Associates
REGISTERED OFFICE Formatted: Heading 1, Line spacing: 1.5 lines
Silk Bank Limited
13-L, F-7 Markaz, Islamabad
Direct Tel: (051) 26080-26-2728
PABX: (051) 26080-77-78-79
Fax: (051) 26080-29
E-mail: companysecretary@silkbank.com
Website: www.silkbank.com.pk
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SHARE REGISTRAR
Central Depository Company of Pakistan Limited (CDCPL)
Share Registrar Department
CDC House, 99-B, Block “B”,
S.M.C.H.S, Main Shahra-e-Faisal
Karachi-74400
Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)
Fax: (92-21) 34326053
Email: info@cdcpak.com
Website: www.cdcpakistan.com
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PRODUCTS OF SLIK BANK
DEPOSITS
CURRENT ACCOUNT
ALL IN ONE ACCOUNT

Silk bank All-in-One Account provides you the ultimate security and protection, amazing
banking facilities and much more convenience.
1. Initial deposit Rs. 1000/-
2. Average balance Rs.100,000/-
3. Worry free cash withdrawals (Rs.25,000 per annum)
4. Use your mobile phone without fear (Rs.5,000)
5. Lost your vital documents (Rs. 5,000)
6. Liberate yourself from the fear of home burglary (Rs. 100,000)
7. Protection For Your Family in case of Accidental Death or Disability (Rs.200,000)
8. Free Cheque Book
9. Free Pay Orders & Demand Drafts
10. Free Intercity Transactions
11. Free VISA Debit Card
12. Free Withdrawals from all ATMs
13. Free Internet Banking
14. Free SMS Alerts
15. Free Statements Through Your Email

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BASIC BANKING ACCOUNT (BBA)
1. Initial deposit Rs. 1,000/-
2. Current account
3. Dormant in six months
4. Students and salaried.
Debit Transaction/credit transaction Two free transaction per month Rs.100/- for
all subsequent transaction during the month
Online Transfer Charges (inter-city 0.10% min Rs.150/-

Transaction)
Online Cash Deposit and withdrawals 0.10% min Rs.150/-
Cheque Return Rs. 300/- per instrument
Cheque Book Charges 25-leaf cheque book
BUSINESS VALUE ACCOUNT Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,
Silk bank Business Value Account is a current account that brings respect and recognition to
Formatted: Heading 4, Left, Line spacing: 1.5 lines
your business.
Silk bank Business Value Account also protects your business inventory and cash withdrawals
from the bank.
1. Initial deposit Rs. 1000.

2. Average balance Rs. 100,000.
3. Protect your business inventory up to Rs. 10,000,000.
4. Worry-free Cash withdrawals Rs. 25,000 per annum.
Pay Orders/ Demand Drafts /Call Deposits
Monthly Average Balance PO, DD, CDR
Below Rs.100,000/- Rs.100/-PO, DD, CDR
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Rs.100,000/-to Rs.499,999/- 6free/ month. Rs.100/- for Subsequent PO,
DD, CDR
Rs.500,000/- &above All free
Visa Debit Card Fee
Monthly Average Balance Visa Debit Card
Below Rs.100,000/- Rs.500/-
Rs.100,000/- & above Free
SMS Alerts
Monthly Average Balance SMS Alerts
Below Rs.100,000/- Rs.50/- per month
Rs.100,000/- & above Free
ONLINE EXPRESS ACCOUNT Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,
Enjoy online Banking solutions under one roof
Average balance of Rs 50,00/-
Pay Orders/Demand Drafts
Monthly Average Balance PO/DD Charges
Less than Rs. 50,000/- Rs.100/- PO/DD
RS.50,000/- to less than Rs.100,000/- 2 Free for the Month
Rs.100,000/- to RS.500,000/- 6 Free for the month
Rs.500,001/- &above All Free For the month
31 | P a g e
Cheque Book Charges
Monthly Average Balance Cheque Book Charges
Up to Rs.500,000/- Rs.25/- per leaf
Rs.500,001/- to Rs,1,000,000/- 2 Free For the Month
Rs. 1,000,001/- & above All Free
SALARY PREMIUM ACCOUNT Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,
1. Exceptional current account that offers additional perks with your salary.
3. Hassle Free Salary Processing.
4. Worry-free Cash Withdrawals.
5. Unmatched Auto-Insurance Benefits (up to 2.5%)
5. ASAAN ACCOUNT Formatted: Font: (Default) Copperplate Gothic Bold,

Bold, Font color: Background 2
Silkbank Asaan Account provides you with a banking solution that is easy for everyone. Open
Formatted: Heading 4, Line spacing: 1.5 lines, No
your Asaan Account with Silkbank and experience banking that meets your everyday financial bullets or numbering
needs.
You can now open your Silkbank Asaan Account, a Current Account, with just your:
1. CNIC Formatted: Font: (Default) Times New Roman, 12 pt
2. Initial deposit of Rs. 100 Formatted: Font: (Default) Times New Roman, 12 pt
3. by filling out a one-page form. Formatted: Font: (Default) Times New Roman, 12 pt
4. You can open one Asaan Account (single or joint) on your CNIC. Formatted: Font: (Default) Times New Roman, 12 pt
Not only that, there is no minimum balance requirement and as a customer you are also entitled Formatted: Header, Line spacing: 1.5 lines, Numbered
+ Level: 1 + Numbering Style: 1, 2, 3, … + Start at: 1 +
to a host of banking facilities including Silkbank Visa Debit Card Facility which provides Alignment: Left + Aligned at: 0.3" + Indent at: 0.55"
32 | P a g e
exclusive discounts at over 100 partner outlets nationwide. You also receive a free first
Chequebook, free SilkMobile, free E-statements and much more.
Other product features include:
• Total debit per month cannot exceed Rs. 500,000 Formatted: Font: (Default) Times New Roman, 12 pt
• Total credit balance limit cannot exceed Rs. 500,000

SAVINGS ACCOUNT
SUPER SAVER ACCOUNT
2. Interest rate 9.5%
3. Average balance Rs. 50,000/-
4. Higher the deposit, higher the profit.
5. Incidental charge Rs. 50/-
Safe Deposit Locker Charges
Monthly Average Balance Locker Charges
Less than Rs. 30,00,000/- or above Small Rs.1,500/- per annum
Medium Rs.2,000/- per annum
Large Rs. 3,000/- per annum
Rs.30,00,000/- to Rs.50,00,000/- Small or Medium Free
Rs.50,00,001/- to Rs.10,000,001/- & above Large Free
Rs.10,000,001/- &above Large or Extra Large Free
Cheques Book Charges
Monthly Averages Balance Online Transaction Charges
Less than Rs.1,000,000/-Or above Rs. 25/- per leaf
Rs.30,00,000/- &above 2free for the month (25 leaves)
33 | P a g e
SMS/Call Deposit (CDR)
Monthly Average Balance CDR Charges
Less than Rs.500,000/- 50/- per month
Rs.500,000/- & above All free for the month
MUNAFA ROZANA Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,

The only savings account in Pakistan that pays profit in cash, DAILY! With Silkbank Munafa
Rozana, profit on your funds is calculated and paid out into your account. With Silk Bank profit
on your funds is calculated and paid out in your accounts DAILY!
PROFIT RATES Formatted: Centered, Line spacing: 1.5 lines
Formatted: Centered, Line spacing: 1.5 lines
Rs.0 to Rs.2mn 5.00% Formatted: Centered, Line spacing: 1.5 lines
Rs.2m to Rs.5mn 6.00% Formatted: Centered, Line spacing: 1.5 lines
Rs.50mn and above 9.00% Formatted: Centered, Line spacing: 1.5 lines
Formatted: Font: (Default) Copperplate Gothic Bold,

PLS SAVING ACCOUNT Bold, Font color: Background 2
Avail the benefits of a savings account with the convenience of a current account. Formatted: Heading 4, Left, Line spacing: 1.5 lines
Formatted: Font: 12 pt, Not Bold
34 | P a g e
1. Profit paid out twice a year Formatted: Font: 12 pt, Not Bold
2. Monthly Profit of 5% on all Tiers Formatted: Font: (Default) Times New Roman, 12 pt
3. Profit calculated on minimum balance every month
Formatted: Font: (Default) Times New Roman, 12 pt
4. Can be operated by Individuals or Companies
5. Average balance Rs.50,000 Formatted: Font: (Default) Times New Roman, 12 pt
6. Visa debit card facility Formatted: Font: 12 pt, Not Bold
FOREIGN CURRECNY ACCOUNT Formatted: Font: (Default) Times New Roman, 12 pt

Invest in Foreign Currency Account to earn remarkable profits twice a year.
• Profit calculated on the minimum balance during the month
• Profit credited after every 6 months
• Can be operated by individuals or companies Formatted: Font: 10 pt, Bold
TERM DEPOSITS
FLEXI MUNAFA TERM DEPOSIT
Silkbank Flexi Munafa One Year Term Deposit provides individual customers with a flexible, Formatted: Font: 12 pt, Not Bold
convenient and secure platform to save and earn profits.
With Flexi Munafa, customers can choose from different payout options:
35 | P a g e
Open your Flexi Munafa Term Deposit with an investment of Rs. 50,000/- & above. Formatted: Font: 12 pt, Not Bold, No underline
SALANA MUNAFA AND MAHANA MUNAFA Formatted: Font: (Default) Copperplate Gothic Bold,
Earn the highest profit on a monthly basis in mahana munafa.
1. Earn the highest profit on annually basis in salana munafa. Formatted: Font: (Default) Times New Roman, 12 pt
2. Minimum balance of only Rs.100,000/- Formatted: Font: (Default) Times New Roman, 12 pt
3. Interest rate 5%
SPECIAL NOTICE DEPOSIT ACCOUNT

For valued account holders, the Silkbank Special Notice Deposit Account is also available for 7
and 30 days.
OTHER TERM DEPOSIT

With the Other Term Deposit Account, you can choose from a wide range of tenures of 1 month,
3 months & 6 months, based on your requirements. With an investment of Rs.100,000 & above,
you now have the opportunity to earn higher returns on your deposits. Additional benefits
include:
• Overdraft facility of up to
36 | P a g e
• 90% Free Online banking, E-Statement and Internet Banking facilities on profit-
nominated account
• Pay Order/Demand Drafts on profit-nominated account
• VISA Debit Card with profit-nominated account
• SMS Alerts
LOANS AND ADVANCES

M’POWER
Offers running finance facility against your land, residential & commercial properties, insuring a
steady life line for your business.
1. Convenient (properties as security) Formatted: Font: (Default) Times New Roman, 12 pt
2. Affordable (Markup calculation on daily utilized amount) Formatted: Font: (Default) Times New Roman, 12 pt
3. Loan Amount (up to 70% of property value) Formatted: Font: (Default) Times New Roman, 12 pt
4. Eligibility: Formatted: Font: (Default) Times New Roman, 12 pt,

Bold, Italic
• Resident of Pakistan
• Self-employed Formatted: Font: (Default) Times New Roman, 12 pt
• Monthly income of Rs. 50,000/-
• Age: 25 – 60 years Formatted: Font: (Default) Times New Roman, 12 pt
AGRICULTURE FINANCE
Since Pakistan is an agricultural country, the importance of financial needs of farmers/growers
cannot be ignored. SME-Agri is specifically designed for agri-based customers as it enables them
to meet their requirements such as procurement of seeds, fertilizers, pesticides and equipment
etc. for their regular crops. SME-Agri also accommodates cash flow requirements of Agri
Fertilizer dealers. Moreover, fisheries segment has also been accommodated in order to meet the
requirements of fish seeds & feed, manure charges, expansion and rehabilitation of ponds and
cold storage etc.
• Loan amount varies as per requirements of the customer on case-to-case basis.
37 | P a g e
• Facility types under this product include Running Finance for day-to-day cash flow
requirements along with guarantee facility as sublimit.
• Facility is sanctioned for one year, renewable at expiry.
• Loan is secured via Agri Land/any other property as collateral.
• Loan amount is up to 60% of the market value of agri property or 85% FSV of residential
& commercial property.
• The facility is renewed annually.
• Pricing is KIBOR-based and negotiable as per business volume/turnovers.
Processing Fee (Upfront with As per SOC (non-refundable) Formatted: Font: (Default) Times New Roman, 12 pt
LAF) Formatted: Centered, Line spacing: 1.5 lines
Documents charges Actual cost of revenue and special adhesive stamps Formatted: Font: (Default) Times New Roman, 12 pt
Formatted: Centered, Line spacing: 1.5 lines
Legal charges Actual & approved charges of lawyers on the Bank’s Formatted: Font: (Default) Times New Roman, 12 pt
approved panel Formatted: Centered, Line spacing: 1.5 lines
Required Documents:
• Customer Request Letter.
• Borrowers’ Basic Fact Sheet.
• Audited Financial Statements.
• Business Profile.
• Six Months’ Bank Statement.
PERSONAL LOAN Formatted: Font: (Default) Copperplate Gothic Bold,

If you need extra cash to furnish your home, give the best education to your child, plan a perfect
Formatted: Heading 3, Centered, Line spacing: 1.5
wedding or are looking to buy a much-desired gadget, you don’t have to wait to realize your lines
38 | P a g e
dreams. Just apply for Silkbank Personal Loan to make your dreams come true because “Apnon
kay liye kuch bhi”. It’s fast flexible and convenient.
Suitable for people who:
• Have one time borrowing need
• Want the peace of mind through monthly payments
Features and benefits
• Loan amount up to Rs. 2 million
• Flexible tenures of 1-5 years
• No security, no collateral
• Top-up facility
• Balance funds transfer option
• Pre & Partial payment option available
Eligibility
• Pakistani residents
• Foreign nationals with approved company guarantee
• Salaried individuals
• Age: 21-65 years
• Income: minimum Rs. 40,000/- monthly
• Offered in major cities of Pakistan: Karachi, Lahore, Rawalpindi, Islamabad, Hyderabad,

Peshawar, Multan & Faisalabad.
Flexible
• Monthly installments with Pre-payment and Partial Payment Facility
39 | P a g e
SMART PLAN
Enjoy the flexibility to purchase and pay for your commodity needs with Silkbank Personal Loan
Smart Plan. It is the most convenient product which provides end to end solutions to make your
occasions more memorable. Whether your house needs an upgrade, planning a dream wedding or
need accessories for child education, Smart plan has got you covered. A range of product
categories to choose from together with multiple discount options and flexible payment tenures
of up to 5 years. Silkbank Personal Loan Smart Plan helps you fulfil your needs with flexibility
and convenience because “Apnon k liye kuch bhi”.
Features and benefits
• Loan amount up to Rs. 2 million

• Flexible tenures of 1-5 years
• Avail multiple products on exciting DISCOUNTED PRICE
• Get cash against the remaining approved limit
• No security, no collateral
• Pre & Partial payment option available
Eligibility
• Pakistani residents
• Salaried individuals
• Age: 21 - 65 years
• Income: minimum Rs. 40,000/- monthly
• Offered in major cities of Pakistan: Karachi, Lahore, Rawalpindi, Islamabad, Hyderabad,

Peshawar, Multan & Faisalabad.
READY LINE
Our financial needs change at different stages of our lives. Whether it is realizing your dreams,
starting a new career, beginning a new chapter with your loved one, or planning your child’s
40 | P a g e
education, Silkbank’s Ready Line is here to start that journey with you. Silkbank Ready Line is
an evergreen running finance facility which provides you speedy access to credit line and that
too with complete peace of mind and utmost convenience.
Features & Benefits:
• Personal Running finance facility of up to Rs 2.0 Million
• No collateral requirement.
• Pay off your expensive debts like credit cards and personal loans
• Variable rates linked to KIBOR.
• Markup only on utilized amount
• Free first Silkbank Visa Debit Card
• Attractive discounts on Silkbank Visa Debit Card
• Phone banking services available 24 hours a day
How to spend through Silkbank Ready Line:
• Visa Debit Card
• Cheque book
• Pay order
• SilkDirect Internet Banking and SilkMobile
Eligibility:
• Be a Pakistani national residing in Karachi, Lahore, Rawalpindi, Islamabad, Hyderabad,

Peshawar or Faisalabad.
• Salaried Individual with a minimum monthly income of Rs 40,000
• Be 21 to 65 years of age
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SME CASH EASE
SME Cash Ease (Local Bill Discounting Program) is a liquidity solution for SME level
businesses to maintain a profitable working relationship with their client companies. Cash Ease
offers a bill discounting facility for the suppliers/vendors of large local concerns.
Many times, SME businesses are hard-pressed for operating capital as their supplies are
subjected to agreed credit periods with their client companies, for the realization of payment.
This pressure is absorbed by the supplier/vendor as part of the cost of goods delivered.
Salient Features:
• Avail a loan up to Rs. 25 million for one year, renewable at expiry.
• No collateral required. Invoices discounted serve as security along with Personal

Guarantee(s) of Proprietor, Partners & Directors.
• Loan amount is up to 90% of the invoices value generated through supplies.
• The facility is renewed annually.
• Pricing is KIBOR-based and negotiable as per business volume/turnovers.
Rates and Charges:
Processing Fee (Upfront with LAF) As per SOC (non-refundable) Formatted Table
Documents/Legal Charges Actual cost of revenue and special adhesive stamps
Required Documents:
• Customer Request Letter.
• Borrowers’ Basic Fact Sheet.
• Audited Financial Statements.
• Business Profile.
• Six Months’ Bank Statement.
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SME RELEATIONSHIP
Silkbank’s SME Banking Group offers banking facilities for individuals and companies which
are categorized by the State Bank as SMEs. Our SME business units are located in Karachi,
Lahore, Multan, Faisalabad, Sialkot, Gujranwala, Islamabad, Rawalpindi and Peshawar. Each
unit is dedicated to service business clusters located within these cities as well as the regions
nearby.
Silk Bank Provides the following facilities:
• Working Capital Finance: to finance inventories and receivables
• To finance capital expansion, procurement of machinery and expansion of production

facilities
• Export Facilities: to finance pre and/or post export requirements
• Import Facilities: to finance pre and/or post import requirements
• Export/Import Handling: Sight/Usance LCs, Contracts, Bills Collection & Negotiation
• Letter of Guarantees: Bid Bonds, Advance Mobilization and Performance Bonds
• Loan is secured via some tangible security i.e. commercial/residential property
• Loan amount is up to 75% of the market value or 85% of FSV of property
• The facility is renewed annually
• Pricing is KIBOR-based and negotiable as per business volume/turnovers
Rates and Charges:
Processing Fee (Upfront with LAF) As per SOC (non-refundable) Formatted Table
Documents charges Actual cost of revenue and special adhesive stamps
43 | P a g e
Legal charges Actual & approved charges of lawyers on the Bank’s approved
panel
Required Documents:
• Customer Request Letter
• Borrowers’ Basic Fact Sheet
• Audited Financial Statements
• Business Profile
• Copy of Property Documents
• Six Months’ Bank Statement
INSURANCE PRODUCT Formatted: Font: (Default) Copperplate Gothic Bold,

Formatted: Heading 2, Line spacing: 1.5 lines
ROSHAN MUSTAQBIL Formatted: Font: (Default) Copperplate Gothic Bold, 14

pt, No underline, Font color: Background 2
1. Education plan
2. Minimum amount Rs.15000/- Formatted: Font: (Default) Times New Roman, 12 pt
3. Offers a method of disciplined savings that can be utilized to pay for the higher education Formatted: Header, Line spacing: 1.5 lines, Numbered
+ Level: 1 + Numbering Style: 1, 2, 3, … + Start at: 1 +
needs of the nominated child. Alignment: Left + Aligned at: 0.25" + Indent at: 0.5"
Policy year @8% p.a unit @10% p.a unit @12% p.a unit Formatted: Font: 12 pt, Bold
growth rate growth rate growth Formatted: Centered, Line spacing: 1.5 lines
5 442,972 465,711 489,422 Formatted: Centered, Line spacing: 1.5 lines
10 1,168,940 1,296,155 1,437,825 Formatted: Centered, Line spacing: 1.5 lines
44 | P a g e
SUNEHRA KAL
1. Savings and Investment Plan.
2. Financial planning package that gives dual benefits of protection along with
higher returns over long- term savings and investment.
3. Initial deposit Rs.15,000/-.
4. Maximum age limit 60 years.
5. Maturity 10 years.
6. Accidental death and disability.
7. Life care.
If the assured customer’s age is 30 years, and he decides to contribute Rs.100,000 per annum
with the protection multiple of 20, taking a sum assured of Rs.2,000,000 in Sunehra Kal. The
expected cash values would be as follows: Formatted: Font: (Default) Times New Roman, 12 pt
Policy year @8% p.a unit @10% p.a unit @12% p.a unit Formatted: Centered, Line spacing: 1.5 lines
growth rate growth rate growth
5 432,140 454,703 478,268
10 1,146,380 1,272,304 1,412,747
15 2,175,174 2,558,668 3,015,590
20 3,612,530 4,520,217 5,683,272
25 5,601,449 7,491,109 10,101,604
MEHFOOZ HAR PAL Formatted: Font: (Default) Copperplate Gothic Bold,

Silk bank Mehfooz Har Pal assurance is a simple yet comprehensive accident and hospitalization
plan providing 24-hour worldwide coverage to the entire family.
1. Mehfooz Har Pal guarantees your financial well-being by paying out cash on death, Formatted: Font: (Default) Times New Roman, 12 pt
disablement or prolonged absence from work as a result of an accident or hospitalization Formatted: Font: (Default) Times New Roman, 12 pt
due to an accident.
45 | P a g e
SILK HEALTH PLAN
With a mission to help people live healthier, wealthier and more successful lives Silkbank offers
Silk Health Plan, a comprehensive healthcare package that provides financial protection in case
of an illness or accident that leads to hospitalization.
THREE PAYMENT PLAN

Three Payment plan is a unique endowment assurance as it provides an option to avail the
benefits of 25% withdrawal of the sum assured on the completion of one-third and two-third
term of the policy. It provides an option for pre-determined, periodic withdrawals during the
currency of policy. In case of death during the term of policy, the plan provides for lump sum
payment of full sum assured (irrespective of periodical withdrawals).
SADA BAHAR PLAN

Sada Bahar Plan is an anticipated endowment type with-profits plan that provides a lump sum
benefit at certain stages during the premium paying term or an earlier death. In addition, this plan
has a built-in Accidental cover for Death Benefit (ADB) rider, so that the policy holder gets an
additional sum assured in case of death due to an accident.
TAHAFFUZ PLAN
It is a plan that is particularly designed for the customers where their investments are a prime Formatted: Font: 12 pt
focus coupled with life insurance benefits and is flexible to address your future financial need.
AL- HAYAT TAKKAFUL PLAN

Al-Hayat plan is designed to offer takaful benefit along with growth of funds to
meet multiple savings and protection needs. Takaful is an age-old Islamic concept of mutual help
& support blended with modern concepts of Actuarial Science, Underwriting and Investment
under the supervision of Shari’ah Advisor.
SILK INVEST PLUS

Silk Invest Plus is Single Premium Plan where customer pays a lump sum amount at start and
enjoys the dual benefits of the Insurance coverage along with real capital growth. Customer get
coverage for whole of life by paying premium amount only once, in one go.
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SILK SECURE TAKKAFUL
Silk Secure Takaful is a Shari’ah Complaint alternative to conventional insurance plan, which
provides peace of mind and takes care of the future of loved ones by offering a maturity benefit
at the end of the tenure and Takaful coverage’s in case of death.
ENDOWMENT PLAN
Endowment plan is a unique saving and protection scheme through which policy holder can get a
particular amount of money at a specific time speculated on the basis of his/her future
requirements. Endowment plan is most suitable for people who are farsighted and want to fulfill
their future needs. Formatted: Font: 12 pt, Not Bold, No underline
REMITTANCES
SILK FAUREE TRANSFER

Remitting funds to your loved ones in an instant was never this easy. Silk Fauree Transfer is a
remittance service, which enables you to receive your funds instantly and that too absolutely free
from anywhere outside Pakistan. Send money through any of our Authorized Correspondent
Banks, Money Transfer Companies or Exchange Companies from around the world.
1. Fauree Cash
Receive cash up to Rs. 500,000 for instant collection from any of our 85 Silkbank branches
spread across 32 cities in Pakistan.
Requirements:
• Remittance ID Number and original CNIC of the beneficiary
• Valid mobile number of the beneficiary for SMS Alerts
2. Fauree Credit
Funds can also be directly credited to your existing Silkbank account. You can access funds
using your cheque book or your Silkbank Visa Debit Card at over 1.6 million ATMs worldwide
and over 4,500 ATMs nationwide.
Requirements:
47 | P a g e
• Silkbank branch code & complete (10 digits) Account Number
3. Fauree Transfer
Even if you are not a Silkbank Account Holder, your funds can be credited to your account
maintained with any other bank in Pakistan through IBFT or RTGS module on the same day.
Requirements:
• Complete Bank account number with Branch Code
• Beneficiary’s bank and branch name in Pakistan
Features:
• No remittance fee for the sender or the beneficiary
• Fast, reliable and hassle-free funds transfer anywhere in Pakistan
• Same day credit to your account
• Instant cash over the counter payment
• Free SMS Alerts for the beneficiary
ALLIANCES:
1. Al-Ghurair Exchange – UAE
2. Hafiz Bros – UK
3. Western Union - Worldwide
4. Sigue Money Transfer – Worldwide
5. DEX Internatinal – UK
6. MT Global - UK
7. Intercity Money Changers – UK
8. Hello Paisa – South Africa
9. Platinum Exchange - Canada
48 | P a g e
10. Arab link Money Transfer – UAE
WESTERN UNION
Send your remittances to your loved ones in Pakistan from any corner of the world through
Western Union. The payment can be collected instantly from any of the Silkbank branches.
The beneficiary is required to submit the following information at Silkbank counters:
1. Country of origin of funds

2. Amount to be received
3. Sender’s full name
4. Receiver’s full name
5. Transaction Reference No.
E- DELIVERY CHANNELS
Direct Internet Banking

Click & Bank at your convenience in the most secure and simple way. With Silkbank Internet
Banking service you can access and manage your accounts anywhere, anytime.
Now your bank is just a click away.
With Silkbank-Direct you can enjoy these amazingly convenient internet banking facilities: Formatted: Font: 12 pt, Not Bold
• Balance Inquiry
• Mini Statements
• Transaction Details
• Low Balance Alerts
• Account Statement Requests
• Fund Transfers
• Pay Order/Demand Draft Requests
• Cheque Book Requests
49 | P a g e
E-Statements
Simplify your life with Silkbank E-statement. You can request e-statement on a daily, weekly,
monthly, quarterly, half-yearly or annual frequency.
Inter Bank Funds Transfer

In line with international banking standards, Silkbank is introducing the enhanced International
Bank Account Number (IBAN) to enable you to easily and conveniently conduct international
transactions as mandated by the State Bank of Pakistan (SBP) Circular, PSD Circular No. 02, of
2012, dated May 15, 2012.
the revision in a Silkbank IBAN account numbers is as follows:
Enhanced International Bank Account Number: PKKK BBBB CCCC CCCC CCCC CCCC
Old International Bank Account Number: PKKK BBBB CCCC CCCC CCCC CCCC
Silkbank Account Number: 0001-2000111111
One can continue to enjoy the same banking services as before with the enhanced IBAN. For
daily banking or domestic transactions, you may use either your Silkbank Account Number or
IBAN.
Silkbank Phone Banking

Silkbank Phone Banking officers ensure that your financial needs are taken care of with ultimate
accessibility, convenience and security, 24/7 throughout the year.
Facilities through phone banking: Formatted: Font: 12 pt, Bold
One can avail the following facilities by simply calling our 24-hours phone banking.
• Issuance of Pay Order and Cheque Book
• Credit Cards and Accounts Balance Inquiry/Transaction Details
• Issuance of Credit Card and Bank Account Statement / E-statement
• Enrollment of E-statement and SMS alerts
• Activation, Blocking & Re-issuance of Silkbank Visa Debit Card and Credit Card
50 | P a g e
• ATM Claims against unsuccessful cash withdrawals
• ATM PIN Re-issuance for Credit Cards & Visa Debit Cards
• Internet Banking Enrollment/Modification/Password Reset
• Account Linking/De-Linking for Visa debit Card
• Registration of Insurance Claims for products offering Insurance Benefits
Facilities through Interactive voice response (IVR):
In addition to product information, one can can access the following services for Bank Account
and Credit Card through Silkbank’s Self-Service IVR :
• Balance enquiry
• Transaction Details
• Statement Request via Fax/Mail Post/Email
• ATM PIN Change
• Silkbank Direct Banking Password Reset
• Fund Transfers (for Bank Accounts), Credit Card Bill Payment, Utility Bills Payment and
Mobile Top-Ups
One can access self-service banking facilities using a secure 4-digit TPIN number.
SMS Alerts
Silkbank SMS Alerts Offer its customers the ability to stay informed around the clock,
anywhere, any time.
Once enrolled for SMS Alerts, one will receive alerts on the transaction amount selected, from
the following set of options:
Banking Transactions:
• All Transactions
• Transactions of Rs.50,000 & above
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Internet/ATM Transactions:
• All Transactions
Utility Bills Payment Service

Silkbank now offers its customers unmatched convenience and comfort with the launch of its
Utility Bills Payment Service (UBPS). Customers can now use their Silkbank VISA Debit Card
(VDC) at any Silkbank ATM to pay their utility bills or top up their mobile phones, around the
clock, free of charge.
Customers Can:
• Pay utility bills
• Settle post-paid mobile bills
• Recharge pre-paid mobile phone
Benefits
One can now enjoy the following benefits with UBPS:
• Real-time utility bill payments
• Round the clock accessibility through a network of 70 ATMs across Pakistan
• Fast, transparent and reliable transfer of funds
Utilities
One can make payments using their VDC at any Silkbank ATM to the following companies:
Companies Mobile Operators
KESC Ufone
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SSGC Warid
SNGPL Telenor
LEPCO Mobilink
GEPCO
PTCL
SILK MOBILE Formatted: Font: (Default) Copperplate Gothic Bold,

Silkbank brings you an amazing and innovative Mobile banking app that provides you with
Formatted: Heading 3, Centered, Line spacing: 1.5
convenience and ease of performing secure transactions on the go, Anywhere, Anytime. lines
Not only that, but you can also perform several other functions such as:
1. Guard Your Card: Protect yourself from Skimming and block your card when not in use,
and unblock it when you want to use it
2. Stop Cheque Facility: Stop your cheque in real time, Instantly!
3. Pay-Order request: Request for a pay order while sitting at home and collect it at your
convenience
4. Funds Transfer: Transfer funds, anywhere, anytime.
5. Inter-Bank Funds Transfer: Transfer funds to other banks without leaving the comfort of
your home or office
6. Bill Payments: Pay your utility bills with ease, on the go.
7. Credit card bill payment: Pay your Credit Card bill with ease
8. Mobile Top-up: Top-up your mobile balance
9. Balance Inquiry: View your relationships and transaction details
53 | P a g e
10. Mini Statement: Stay updated with your latest transaction details
11. Cheque Book Request: Request for a 25 or 50 leaf Chequebook from the comfort of your
home
12. SMS Alert Registration: Stay on top of each transaction by enrolling for SMS alert via
SilkMobile
13. E-Statement Registration: Register and get transaction details for your account on your
email
TECHNOLOGICAL PRODUCTS
Visa Debit Card

“A card allowing the holder to transfer money electronically from their bank
account when making a purchase”
Schedule of Charges of silk bank regarding debit cards Is as follow:
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Credit Cards
“A small plastic card issued by a bank, building society, etc., allowing the holder
to purchase goods or services on credit”.
Schedule of credit cards of Silk bank is as follows:
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WHOLESALE SERVICES PROVIDED BY SILK BANK
CORPORATE BANKING
Silk Bank’s Corporate Banking team is trained to focus on ‘the customer’. It is driven by
customer needs, goals and success. Whether it’s arranging capital for day to day operations or
offering pertinent financial advice for a major business acquisition, Silk Bank have the expertise
and experience for it all. Its corporate banking is structured to serve as a one-stop shop for clients
ranging from local corporates to multinational companies. Silkbank understands customer’s
business and its exact needs, which is why they offer customized solutions to unlock its full
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potential. And of course, their corporate banking doesn’t come without a personal touch! Their
experienced team of Relationship Managers gives their corporate customers their complete
attention and ensures they receive premium service along with a quick turnaround.
If you’re a corporate entity with a turnover of at least Rs. 300 million, you can enjoy all this and
a whole lot more from our cutting-edge products and services.
SERVICES
Provides the following services to meet one’s funding requirements:
• Working Capital Finance
• Pre and Post Shipment Export Financing (PKR and USD based)
• Import Financing (PKR and USD based)
• Receivable Discounting
• Trade Services including Letter of Credit, Letter of Guarantee and Standby Letter of
Credit, etc
INVESTMENT BANKING
Silkbank has an experienced and professional Investment Banking team that has been a
prominent player in the market, providing a complete array of Debt and Equity advisory and
arrangement services while maintaining a vast distribution network of potential investors. The
team is actively involved in raising short- and long-term debt for Corporates from capital
markets and also holds the distinction of being market leaders in the arrangement of short-term
unsecured funds (i.e., Commercial Papers). In addition to Debt and Equity advisory, the team
also provides other advisory services such as restructurings, mergers & acquisitions and buy /
sell-side advisory. A list of the services provided are given below:
Capital Market Advisory
• Long Term Debt – Listed and Privately Placed TFCs

• Short Term Debt – Commercial Papers
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Arrangement Services
• Placement of debt / equity issues to banks & non-bank participants.

Other Advisory Services
• Debt Syndications
• Private Equity
• Transactions
• Mergers & Acquisitions
• Restructurings
• Buy / Sell-side Advisory
Treasury
In an exceedingly dynamic and volatile economic environment Silkbank treasury has evolved as
an active player in the Financial Markets. Here at Silkbank, there is a trend of nurturing a culture
of enhancing the return on investments with complete focus on customer needs for their financial
solutions. The Treasury seeks to do this by becoming the Risk solutions provider, offering
quality treasury products and being the leader in product innovation.
Fixed Income Sales: Formatted: Font: (Default) Copperplate Gothic Bold,

The Silkbank Fixed Income Trading unit maintains an active trading desk in the secondary
Corporate Debt markets thus is able to provide competitive bids / offer quotes in all liquid
Corporate Debt instruments. The team is highly skilled at providing efficient services, strategy
recommendations which are consistently changing with the market conditions to its individuals
and corporate clients. Fixed Income Sales Desk also provides timely views on interest rates and
economic conditions enabling the clients to make prudent investment decisions. Silk Bank also
provide an IPS Account Facility to both corporate and individual clients. The Desk establishes a
dedicated corporate relationship with each client and caters to the individual needs of Corporate,
Insurance companies, Pension, Provident Funds, etc.
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Forex Market: Formatted: Font: (Default) Copperplate Gothic Bold,
Silkbank Limited is an active player in the interbank market, providing competitive prices to
satisfy the customer’s FX needs arising from trade, remittances and other Forex flows in all
major currencies. Silk Bank’s enthusiastic and dynamic sales and trading personnel are
committed to providing competitive quotes in all major currencies with up-to-date market
intelligence, advice and timely execution of deals to our customers throughout the trading day in
local and global currencies. Information in respect to the prevailing rates of most of the
currencies of the world is regularly updated for the Corporate and individual clientele of the
Bank, as well as information about market changes and expected opportunities for them to take
necessary action if required.
Money Market: Formatted: Font: (Default) Copperplate Gothic Bold,

Silkbank Money Market Desk, through a team of qualified and experienced professionals
contributes in managing the liquidity position of the bank, amongst other activities. The Silkbank
Money Market is also one of the market makers for Treasury Bills, Pakistan Investment bond
and Term Finance Certificates.
Middle Markets:
Silk Bank’s nationwide network of branches is fully equipped to cater their middle market
customers’ needs and ensure they also enjoy superior service. They focus on providing structured
working capital lines along with Current/Savings Accounts, in order to allow medium enterprises
to enhance their trade volumes and emerge into larger corporations.
To further increase their convenience, four of their branches have been dedicated to middle
market customers, located in Karachi and Lahore’s City Trade Centers, which offer on the spot
customized services and one-stop solutions to middle market customers.
Silk Bank’s City Trade Center Branches are located at:
• Jodia Bazar and Cloth Market in Karachi
• Circular road and Badami Bagh in Lahore
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EMAAN BANKING Formatted: Font: (Default) Copperplate Gothic Bold, 20
pt, Bold, Underline, Font color: Background 2
Vision
“Benchmark of excellence in Islamic Banking”
Mission
“To provide fully sharia compliant, innovative, easily accessible

Islamic banking solutions with exceptional customer service, bringing
value to all stakeholders”
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SILK BANK EMAAN BANKING PRODUCTS
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EMAAN TAKAFUL
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Shari’a Compliance Framework for SME
Emaan Isalmic Banking (A division of Silkbank Ltd) is dedicated in supporting SME business
with
all its products and services. Shari’a guidelines shall be strictly followed in all products and
services offered to SME clients.
Shari’a Compliance Department
The Shari’a Compliance Department of the Bank will strive to implement and comply with the
instructions issued by Shari’a Board with regard to SME.
Following points will be strictly followed in order to ensure better compliance:
For Fresh Client
1. The Relationship Manager (RM) shall submit the following to the Shari’a Compliance
Department
(SCD) for approval:
a. Credit Application (CA) of the customer
b. Customer Information Sheet – CIS
c. Draft process flow
For Existing Client/ Renewal Cases
2. The RM shall submit the following additional documents to the SCD for approval:
a. Previous approved process flow
b. Details of the last 3 transactions executed
c. Observations of last Shari’a Audit/Review Report on the subject customer’s transactions
d. Changes required in the process flow with justification
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3. The RM shall explain the complete business structure of the prospective customer to a
designated
SCD representative, who may hold a meeting with the customer for detailed understanding of its
business cycle.
4. Prior to initial disbursement and for every renewal case, a detailed CA shall be shared with the
SCD
for the approval of the Resident Shari’a Board Member (RSBM).
5. The relationship manager (RM) shall explain the complete business structure of the
prospective customer to a designated Shari’a Compliance Department (SCD) representative, who
may hold a meeting with the customer for detailed understanding of its business cycle.
6. After the approval of CA & Process flow, the RM shall educate the customer about the
transactions process flow, especially about the importance of transaction documents/ steps
which are required in different transactions accordingly.
7. In case of Murabaha, the Purchase Price shall be paid directly to the supplier of the goods in
the form of Payment/Purchase Order etc. In case the customer requires disbursement in any
other for evidences in the form of Bank statement or cheque etc. to ascertain that the funds
have indeed been ultimately paid to the supplier.
8. It is preferable that the Bank’s name should be mentioned in the invoices as the buyer.
However, in case it is difficult to have the name of the Bank mentioned in the invoices, prior
written approval of the RSBM shall be obtained.
Shari’a Inspection
9. A certain percentage of transactions shall be inspected by a designated representative of the
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SCD (or a third party inspector approved by the SCD) during a calendar year, which would be
agreed by the customer in the process flow.
10.In case of DM transactions the Relationship Manager (RM) shall Submit full details of the
asset
(location, description in case of land and fixed assets, and make, model etc. in case of machinery
and plant) at the time of seeking Shari’a approval. The asset may be inspected by the SCD along
with RM at the time of approval of the facility. The relevant Business Unit shall cause to provide
full logistic support in this regard.
11.The transaction documents shall be executed as per the procedure and sequence prescribed
by the SCD / RSBM. A final draft of the transaction documents may be reviewed by the SCD,
priorto execution.
Sharia Review
12. Shari’a review of the executed transactions shall be conducted by the Shari’a compliance
department of the bank in order to ensure the compliance with the instructions issued by Shari’a
Board of the Bank.
Shari’a Audit
12. Shari’a audit unit of the Bank will conduct Shari’a audit of the transactions executed by the
business. The report of Shari’a audit will be submitted with the Shari’a Board for their further
guidelines and instructions.
Eligibility Criteria for Islamic SME Finance

Currently, following is the eligibility criteria for prospective SME borrowers that meet the
minimum criterion of qualifying for obtaining financing from our Islamic SME division.
This e may be noted that these requirements only represent a reasonable benchmark for
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eligibility and their fulfillment do not make the Bank liable to approve the finance. Bank on its
discretion can vary these benchmarks on case to case basis as per its Internal Policies and/ or
advised by State Bank of Pakistan. Bank holds the final right to accept/reject a Credit
application.
Eligibility Criteria
Age of Business & Experience of Key Decision Maker - Min 3 years
Purpose of Loan - Facility shall be availed to meet business needs only.
-Clear and precise intended fund utilization needs to be in place from the
borrower.
Financials: Leverage Ratio : As per bank’s leverage policy framework
Current Ratio : Min 1.0x
Profit Before Tax : Positive for at least 3 years
Debt Coverage : Min 1.5x
Debtors Aging List : Min 70% within 120 days
Cash Flows : Positive cash flow from operating activities
Min. Turnover : At least 50% of total sales from banking channels.
E-CIB Status
- Clean credit history for the last 12 months, no write-off or litigation in past with any Bank
of the firm and sponsors/ partners/ directors of the firm
Market Check
Supplier Checking : Positive feedback from suppliers
Buyer Checking : Positive feedback from buyers
General Market Check : No Negative feedback.
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Credit Check : No Negative feedback from its Financial Institution
Collateral Requirement : Yes. The exact requirement will vary on case to case basis(No third
party collateral is acceptable)
Financing Limits
Bank will assess customer’s financing needs and set financing limits accordingly. Maximum
limit will be as per Prudential Regulations of SE & ME.
Pricing Criteria
Profit/ Rental to be charged to customer are based on One / Three/ Six months KIBOR + agreed
spread.
The recovery of profit/ rental is on quarterly basis or as agreed with the customer.
All other charges are as per Bank’s prevailing Schedule of Charges (SOC).
Submission of Documents
Following are the set of documents required to process client’s financing request:
Legal Entity documents;
In case of limited liability company;
• Memorandum and Articles of Association – Certified copy of SECP

• List of directors along with their respective signatures, on Letter Head of the Company
• Directors’ CNIC- copies
• Form-29 – Certified copy of SECP
• Form – A & B – Certified copy of SECP
• Board Resolution – On Company’s Letter Head as prescribed by the Bank
• Search Report of the company regarding the details of Charges on the assets of the co.
• In case of partnership (registered/ un-registered);
• Partnership Deed (if registered – Certified copy of Registrar of Firms)
• Registration Certificate of Registrar of Firms, if registered partnership
• List of Partners along with their respective signatures, on Letter Head of the Firm
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• Partners’ CNIC- copies
In case of Sole Proprietorship;
• Sole Proprietorship Certificate

• Proprietors’ CNIC- copy
• Request letter for financing facility (ies)
• Borrowers Basis Fact Sheet as prescribed by the SBP
• Facility Application Form as prescribed by the Bank
• Copy of NTN
• Copy CNIC(s) of all owners/partners/directors/key decision makers
• Audited Financials for last 3 years
• Management accounts for the interim period
• Company Profile
• List of Suppliers with credit terms
• List of Buyers with credit terms
• Details of Receivables along-with its ageing
• Details of Contract in Hand and completed- as prescribed by the Bank
• Details of collateral offered (No third party collateral is acceptable)
• Mortgage of Residential, Commercial, Industrial Property
• Liquid Collateral, Bank Account, Government Securities
Any other document/information required by the Bank during the review of provided details.
Modes of Repayment its Frequency & Penalties

Finance can be adjusted upon its maturity date or prematurely before maturity date i.e. any time
during the validity of finance period, subject to Bank’s Internal Approvals and Sharia’s
concurrence. The late payment penalty amount and other charges may be applicable as per
Bank’s prevailing SoC and/or Bank Charity policy.
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The Shari’a Board
In order to ensure Shari’a compliance at all levels, the bank has constituted a Shari’a board
comprising of prominent and qualified scholars in the field of Islamic finance. Below is the brief
introduction of the Shari’a Board Members:
Dr. Muhammad Qaseem (Chairman, Shari’a Board)
Mufti Syed Adnan Kakakhail (Member, Shari’a Board)
Mufti Syed Abu Bakr (Resident Shari’a Board Member)
Dr. Muhammad Qaseem

Dr. Qaseem is a renowned Shari’a scholar sitting on the Shari’a Boards of Dubai Islamic Bank
UAE, Duetsche Bank Malaysia, and RAK Bank UAE, amongst others. Previously he was the
member Shari’a Board of the State Bank of Pakistan and Country Head of Shari’a at Dubai
Islamic Bank Pakistan Ltd. He has also served as a Shari’a expert in the Shari’a Structuring and
Coordination Department with Emirates Islamic Bank, UAE. Dr. Qaseem holds a Ph.D in
Tafseer and Qur’anic Sciences from the International Islamic University of Islamabad and being
fully conversant in five (5) languages, he has a vast experience of teaching various Islamic
disciplines at the university over a period of more than two decades. He also participates as a
speaker / panelist in international conferences and seminars on Islamic banking. He has written a
number of books and articles, some of which are related to Islamic banking; and has drafted and
edited a large number of fatwa for the Sharia Boards of the institutions that he is associated with.
Amongst his literary contributions are “Islamic Banking: Points to Ponder” and translation,
under the aegis of IIUI, a part of the verdict of the Supreme Court of Pakistan, banning Riba as
well as many other significant articles on various topics especially in the field of Tafseer.
Mufti Syed Adnan Kakakhail

Mufti Syed Adnan Kakakhail acquired his primary education from Nigeria in Africa, and after
obtaining his FSc (Pre-medical), received religious education from some of the foremost Islamic
educational institutions of Pakistan. He holds a Shahadah al- ‘Aalimiyyah (Dars-e- Nizami) from
Jami’a Binori Town, Karachi and Takhassus fil Ifta (Specialization in Ifta) from Jami’a tur
Rasheed, Karachi besides having an MA in Political Science and LLB from the University of
Karachi to his name. He has been teaching various Islamic disciplines in some of the leading
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Islamic educational institutions of Pakistan since 2006. Till date he has drafted hundreds of
Shari’a pronouncements (fatawa) which have been vetted and endorsed by the Head of Ifta
Department. Besides being the Bank’s Shari’a Board member, his other responsibilities include
being the Director Dar ul Ifta` wal Ehsan, Islamabad. Previously he worked as Director of Kulya
tush-Shari’a at Jami’a tur Rasheed (which offers a four-year postgraduate degree programme);
and the Chairman of Centre for Policy Research and Dialogue (an Islamabad-based think-tank
established for the propagation of ideological harmony and peace among the Muslim Ummah).
Further, he has also worked as the Shari’a Trainer at Dubai Islamic Bank Pakistan Limited for a
period of approximately five (5) years, he was responsible for conducting 7-8 training sessions
per month all over Pakistan. A receiver of the Presidential Award of “Best Debater of Pakistan”
and well acquainted with six languages, he is a regular columnist for a prominent weekly
magazine and a renowned speaker, being frequently invited to deliver lectures at many
conferences, seminars, symposiums and public gatherings by national universities and
institutions like the Chambers of Commerce and Bar Associations all over Pakistan. Over the
years, he has also participated as a debater and panelist in many live and recorded programs for
various famous Pakistani TV channels.
Mufti Syed Abu Bakr

Mufti Syed Abu Bakr holds a Shahadah al-‘Aalimiyyah (Dars-e- Nizami) from Wifaq ul
Madaris and Takhassus fi Fiqh il-Mu’amalaat (Specialization in Islamic Fiscal Jurisprudence)
from Jami’a tur Rasheed, Karachi besides having a Masters in Economics from the University of
Karachi to his name. Mufti Abu Bakr has remained a faculty member at the Islamic Fiqh
Department of Darul Uloom Fath ul Barakat in 2012. Having been a member of the Darul Ifta at
Jamia tur Rasheed, he has drafted numerous Shari’a pronouncements (fatawa) which have been
vetted and endorsed by the Head of Ifta Department. As part of the Shari’a Department at Dubai
Islamic Bank, he was responsible for conducting quarterly Shari’a audit and review of corporate,
SME and consumer post-execution transactions, review of legal documents and internal policies,
training and educating branch and corporate banking staff on Islamic Banking & Finance, vetting
of investment banking transactions, Shari’a review of product manuals and policies, and assisting
the product development team during product structuring.
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SILK BANK BRANCH NETWORK
CONCLUSION
In conclusion silk bank has successfully made positive contributions to the economy of Pakistan
within a very short period of time. Its profit margins are increasing at a satisfactory rate and it
has played a pivotal role in collecting scattered deposits. Furthermore, the bank ensures quality
services to its customers and has offered promising financial deposits for investors and general
public alike. For better growth and healthy economy, it has introduced new lucrative long-term
credit schemes especially for new investors and has participated in a lot of socio-economic
developmental projects besides their banking business. Moreover, to keep pace with the ever
changing and uncertain domestic business environment and to face the challenges of revised
global scenarios the bank is becoming more pro-active and responsive to introduce new
marketing strategies to hold strong position in home and abroad in the upcoming times.
Silk bank has climbed its way up very quickly and with such quality services and products it can
be said that to have enough potential which can allow it to stand on its ground firmly not only
nationally but also internationally.
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APPENDIX
IFC---- International Finance Co-operation

IT--- Information Technology
SME Finance--- SME (small and medium enterprise) finance is the funding of small and
medium-sized enterprises, and represents a major function of the general business finance market
in which capital for different types of firms are supplied, acquired, and costed or priced.
Remittances-- A remittance is a transfer of money, often by a foreign worker to an

individual in their home country. Money sent home by migrants competes with international aid
as one of the largest financial inflows to developing countries like Pakistan.
E-CIB---- Electronic Credit Information Bureau is integral to credit risk management and the
promotion of a sound credit culture in financial system. The existence of well-functioning credit
bureau promotes prudence and professionalism among financial institutions, adoption of best
business practices and making informed and responsible lending decisions in timely manners.
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REFERENCE
• Managers and employees experience.

• Books of ICAP and ICMAP.
• Annual report of Silk bank 2015-2018.
• https://www.slideshare.net /silk-bank.
• https://www.silkbank.com.pk/.
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ACKNOWLEDGEMENT Formatted: Heading 1, Line spacing: single

WHOLESALE SERVICES PROVIDED BY SILK BANK ...................................................... 60

EMAAN BANKING ............................................................................................................................. 64

BRIEF HISTORY OF SILK BANK

2. On March 31, 2008, a Consortium comprising

GOALS OF SILK BANK

MISSION STATEMENT Formatted: Heading 1 Char, Font: (Default)

innovation. Be an employer of choice, creating value for all stakeholder”.

Teamwork Formatted: Heading 2 Char, Font: (Default)

Creativity Formatted: Heading 2 Char, Font: (Default)

MAJOR PARTNERS OF SILK BANK

IFC (International Finance Corporation)

A member of the World Bank Group, fosters sustainable economic growth in

BOARD OF DIRECTORS Formatted: Font: (Default) Copperplate Gothic Bold, 14

Munawwar Hamid Chairman

Khalid Aziz Mirza Director

Nasim Beg Director

Rashid Akhter Chughtai Director

Shahzad Anwar Murad Director

Talha Saeed Ahmed Director

Tariq Iqbal Khan Director

Zubair Nawaz Chattha Director

Ahmed Shahzad Ahmed Tarin President and CEO

Shaukat Tarain Advisor to the Chairman

MR. TARIQ IQBAL KHAN

Mr. Khan is a Chartered Accountant profession, and has 39 years of experience,

Currently, he holds directorship in the following listed companies:

Mr. Khalid Aziz Mirza

Significant among his regular consultancy assignments are Finance Consultant,

Mr. Talha Saeed Ahmed

He has 30 years of well diversified experience at senior positions in leading

W. Saeed holds a Master’s degree in Economics from Quaid-i-Azam university,

Mr. Nasim Beg

Mr. Azmat Tarin

Subsequently. he moved to Saudi American Bank in Riyadh, where he was

MR. ZUBAIR NAWAZ CHATTHA

Mr. Rashid Akhter Chughtai

Mr. Shahzad Enver Murad

CHIEF FINANCIAL OFFICER

Nasim Beg Member

Tariq Iqbal Khan Member

Wajih Zaidi Secretary

RISK COMMITTEE Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,

IT COMMITTEE Formatted: Font: Copperplate Gothic Bold, 12 pt, Bold,

Munawwar Hamid Member

Rashid Akhtar Chughtal Member

Kaleem Ahmed Secretary

AUDITORS COMMITTEE Formatted: Font: Copperplate Gothic Bold, 14 pt, Bold,

LEGAL ADVISORS Formatted: Heading 1, Line spacing: 1.5 lines

Ghani Law Associates

REGISTERED OFFICE Formatted: Heading 1, Line spacing: 1.5 lines

Silk Bank Limited

13-L, F-7 Markaz, Islamabad

Direct Tel: (051) 26080-26-2728

PABX: (051) 26080-77-78-79

Fax: (051) 26080-29

Share Registrar Department

CDC House, 99-B, Block “B”,

S.M.C.H.S, Main Shahra-e-Faisal

Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)

Fax: (92-21) 34326053

ALL IN ONE ACCOUNT

1. Initial deposit Rs. 1000/-