HBL Islamic Bank Vs HBL Bank
What is Bank?
In Simple words we can say that bank is a pipeline through which money moves into and
out of circulation. Bank accepts deposits and repays cash to its customers on demand. The bank
borrows money at a lesser rate of interest and lends it to the borrower at a higher rate.
History of banking in Pakistan:
At the time of independence, there were 487 offices of scheduled banks in the territories
now constituting Pakistan. Following the announcement of independence plan in June 1947, the
Hindus residing in the territories now comprising Pakistan started transferring their registered
offices in Pakistan, transferred them to India in order to bring a collapse of the new state. By
30th June 1948, the number of offices of scheduled banks in Pakistan declined from 487 to only
195.
Banking In Pakistan:
Pakistan has indeed unique banking history commencing as were from scratch at the time
of Pakistan of this subcontinent. However it soon comes over its extra ordinary banking
problems and by grace of Allah we have a stable banking sector.
History and Background of HBL:
Originally established in 1941, HBL moved its operations to Pakistan in 1947 at the
request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its
foundation in the country. Embarking on a progressive journey, HBL continued to grow and
expand in the successive years. The Bank's first international branch opened in Colombo, Sri
Lanka in 1951, while the construction of the iconic Habib Bank Plaza was completed in 1972,
the
year
that
also
marked
the
commemoration
of
HBL's
25th
anniversary.
With a sizeable domestic share, HBL was nationalized in 1974. The Bank became a trend
setter in the banking industry, acquiring the lion's share in inward foreign remittances and a
major market share in loans to small industries, traders and farmers. International operations
expanded and HBL now operates in over 20 countries across four continents.
In February 2004, the bank was privatized and the management control of the bank was
handed over to AKFED. By April 2015, the Government of Pakistan divested its entire
shareholding of 41.5% through the Privatization Commission of Pakistan, thereby officially
making HBL Pakistan's largest private bank.
HBL has not just been a pioneer in the banking industry, but has also been a platform that
has enabled dreams for millions of people. It has time and again, proven to be a catalyst for
change by initiatives that have elevated Pakistan’s image and reputation. From bringing back
international cricket to Pakistan through the HBLPSL, to helping strengthen the economy of the
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HBL Products
HBL Islamic Bank Products
country through initiatives like CPEC, HBL continues to enrich lives of Pakistanis around the
world.
Vision
“Enabling people to advance with confidence and success”.
Mission Statement:
“To make our customers prosper, our staff excel and create value for shareholders”
History and Background of HBL Islamic Bank :
HBL is one of the largest and leading Islamic banking players in the country, with over
540 outlets nationwide. The bank provides a wide range of Shariah compliant solutions to its
diverse clientele and is committed to introduce innovative products and initiatives for its valued
customers. All the Islamic products offered by HBL are approved by the bank’s Shariah Board
comprising of renowned Shariah scholars of Pakistan.
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There is a list of products offered by HBL There is a list of products offered by HBL Islamic
Bank to their customer.
Bank to their customer.
Current Account:
Current Account:

HBL Basic Banking Account

HBL Islamic Basic Banking Account (BBA )

HBL Conventional Current Acc

HBL Islamic Current Account

HBL Asaan Account

HBL Islamic Asaan Account
Saving Account:
Saving Account:

HBL PLS Savings Account

HBL Islamic PLS Account

HBL Daily Progressive Account

HBL Al-Mukhtar Account (Mudarba)

HBL Daily Munafa Account

HBL Irtifa Account

HBL Foreign Currency Savings Acc.

HBL Islamic FC PLS Account
Term Deposit
Term Deposit

HBL Advantage Account

HBL Al-Samarat Account

HBL Advantage Plus

HBL Islamic High Yield Foreign Currency

HBL High Yield Foreign Fixed Deposit
Consumer Financing:

HBL Car loan
Investment Deposit
Consumer Financing:

HBL Car Ijarah
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CURRENT ACCOUNT:
In this type of account the client is allowed to deposit or withdraw money as he likes. He
may, thus, deposit or withdraw several times in a day as he likes. Usually the bank allows
this and charges service charges are deducted by the bank from current deposit account. It gives
advantage for paying debts by the convenient and safe means of sending Cheques through the
post thus avoiding the trouble and loss.
HBL Basic Banking Account
A simple bank account for individuals
HBL Islamic Basic Banking Account
(BBA )
with minimum transactional requirements. It A secure and convenient account with
enables you to fulfill your basic banking needs. minimum transactional requirements to cater
your basic banking needs
Key Features
Key Features:

Open an account with just Rs.1000.

Salary account based on Qard.

No minimum balance requirement.

No Minimum Balance required.

Avail up to two chequing withdrawals

No initial deposit required.
in a month (for more transactions,

Non Profit bearing account.
charges applicable as per the prevalent

FREE  two Deposits monthly.
Schedule of Bank Charges)

FREE two Withdrawals monthly.
Access numerous branches and ATMs

FREE

across Pakistan
withdrawals
through
HBL
ATMs unlimited.
HBL Conventional Current Account HBL Islamic Current Account
For individuals & entities seeking a secure and A simple and safe way to accumulate funds,
reliable current account, the HBL Conventional HBL’s current account allows you to deposit
Current Account gives you the ease to conduct money and withdraw funds anytime
unlimited transactions, anywhere in Pakistan.
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Key Features

Key Features
No service charges on maintaining a  Non-profit bearing deposit account
minimum monthly average balance  Flexibility to open your account in PKR,
of Rs. 5,000*

USD, EUR and GBP
Access account through HBL Debit  Minimum account opening requirement of
Card, Internet Banking and HBL Phone
PKR 1,000/- or equivalent currency
Banking, 24 hours a day, 7 days a week  No minimum balance requirement

Benefit
of
availing
unlimited  24/7 access to ATMs
 Debit Card Facility
transactions
HBL Asaan Account
HBL Islamic Asaan Account
A current account that offers ease with the A convenient and hassle-free personal account
simplest
account
Experience
opening
hassle-free
requirements. with minimal account opening requirements
banking
and (for unbanked customers)
convenience.
Key Features
Key Features

Open an account with just PKR 100/-

Free first year PayPak debit card

No minimum balance requirement

Open an account with just PKR 100/-

Avail up to 4 free over-the-counter

Free first year debit card
withdrawals every month

No minimum balance requirement
Maximum account balance up to

Avail up to 4 free over-the-counter


Form
500,000

Simple 1 page account opening form

Receive biannual account statements

Access E-statements, 24 hours a day

Cheque book, E-statement, SMS Alerts
Simple one page Account Opening
withdrawals every month

Maximum account balance up to PKR
500,000/-
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available
Difference between Islamic and Conventional Current account
Conventional Current Account

No Shariah based restriction on
Islamic Current Account

investment of funds

May charge customer for not
maintaining minimum balance
Funds are invested in Shariah
compliant-avenues

Cannot charge customer for not
maintaining minimum balance since
account is on Qard basis
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SAVING ACCOUNT:
An account used to deposit money at a bank or credit union and earn Interest / Profit on
the account over time. Money can be added or removed from the account by visiting the bank.
Usually you can add or withdraw funds at any time; there is no cost to do so. Banks may require
a minimum to open or maintain the account. This type of account is often the easiest account for
children to open. Because of its simplicity, it is the first account for many people and is used by
all ages.
HBL PLS Savings Account
HBL Islamic Basic Banking Account
(BBA )
HBL PLS Savings Account is specially
designed to cater the needs of Individuals who
HBL Islamic PLS Account is specially
are above 18 years of age or Non Individual designed to cater the needs of Individuals who
entities who want to earn profits on their are above 18 years of age or Non-individual
deposit
entities who want to earn Shariah compliant
profit on their deposits.
KeyFeatures
Key Features

Open an account with just PKR 100

Receive semi-annual account
account may be commingled with funds
statements
from other accounts including the
Enjoy the benefit of unlimited
current deposits within the Mudarabah
transactions
pool as and when required


Access to E-statements, 24/7 Phone


Profit payout on semi-annual basis
Profit calculation on average daily
balance and payment monthly
Banking. & Internet Banking

Based on Mudarabah. Funds of this

Minimum account opening requirement
of PKR 1,00/- or equivalent currency

Receive biannual account statements

No minimum account balance
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requirement
HBL Daily Progressive Account
HBL Al-Mukhtar Account
A savings account for business entities
An account catering to the banking
that offer lucrative rate of returns. It is aimed at needs of businessmen. It offers a range of free
commercial, corporate and high net worth unlimited features enabling businessmen to
individuals, enabling them to maximize their conduct their day to day transactions with ease
wealth
along
with
conducting
daily and convenience.
transactions required.
Key Features

Key Features

Open an account with just PKR
500,000

Minimum Account Opening Balance is
PKR 25,000/-

Earn increasing profit rate on
Based on Mudarabah. Funds of this
incremental daily balances
account may be commingled with funds
Profit calculated on daily basis on
from other accounts including the
closing balance
current deposits within the Mudarabah

Profit payout on monthly basis
pool as and when required

Minimum monthly balance requirement


daily balance
of PKR 20,000

Profit Calculation Basis is average

Tier based profit rates applicable
HBL Daily Munafa Account
• Profit Distribution is monthly basis
HBL Irtifa Account
The perfect account for individuals and HBL Al-Irtifa Account is based on the concept
institutions
with
high
transactional of
Mudaraba.
Under
this
arrangement,
requirements, HBL’s Daily Munafa Account customer (Rab-ul-Maal) provides funds to
provides you attractive profit rates monthly, HBL (Mudarib) for investment under Shariah
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while allowing you to bank with flexibility.
guidelines. The actual profit at the end of
period is shared between the customer and
HBL as per the pre-agreed profit sharing ratio.
Loss, if any, is borne by the customer and HBL
will not be entitled for Mudarib share of profit.
Key Features
Key Features
Profit calculation on daily closing balance and

Offered primarily to Institutions
payment monthly

Open an account with just PKR
500,000/-
• No minimum balance charges on

maintenance of average balance of PKR
Profit calculated on average daily
balance
20,000/
Profit payout on monthly basis as per
announced weightages
HBL Foreign Currency Savings Acc
HBL Islamic FC PLS Account
An account for all those individuals who wish A
foreign
currency saving
account
for
to maintain their savings in foreign currency. individuals and institutions.
HBL ForeignCurrencySavingsAccount is the
ideal choice allowing you to save with ease
while offering convenience and reliability for
Pakistanis as well as foreign nationals dealing
in foreign currencies.
HBL Islamic FC PLS Account is based on the
concept of Mudaraba. Under this arrangement,
customer (Rab-ul-Maal) provides funds to
HBL (Mudarib) for investment under Shariah
guidelines. The actual profit at the end of
period is shared between the customer and
HBL as per the pre-agreed profit sharing ratio.
Loss, if any, is borne by the customer and HBL
will not be entitled for Mudarib share of profit.
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Key Features

Key Features
Open an account in USD, GBP and

Offered in USD, EUR and GBP
EUR with an amount equivalent to

Open an account with just 1,000 units
USD 1,000*
of any of the foreign currency specified

Profit calculated on monthly balance
above

Profit payout on quarterly basis

Acquire cheque book as per charges

annouced weightages

enclosed in prevalent SOBC.

Profit payout on monthly basis as per
Receive biannual statement of account
Profit calculated on monthly average
balance
and access e-statement
Term Deposit
Term Deposit Accounts. Term Deposits are booked by investors having an appetite for short/
long term investment horizons. In order to book a fixed deposit, customers should have a
checking account in the respective currency for subsequent disbursement of profit.\
HBL’s Islamic term deposit accounts allow individuals and businesses to accumulate attractive
profit
returns
over
a
period
of
time.
Islamic Term Deposit Accounts are profit bearing based on the concept of Mudaraba. These
must however be booked from an existing Current or Saving Account. The actual profit rates
depend on the applicable periodic PSR and weightages disclosed on the HBL website. Facility
for early termination is available.
HBL Advantage Account
HBL Al-Samarat Account
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This account for those looking for short, For those looking for short, medium and longmedium
and
long-term
investment term investment opportunities, the HBL Al-
opportunities with a fixed profit rate, the HBL Samarat
Account
give
you
a
flexible
Advantage Account gives you a flexible investment product that provides multiple
investment product that provides multiple profit payouts and tenures of your choice.
profit payouts and tenures of your choice.
Key Features
Choose from a deposit period ranging from
Key Features

1 month to 10 years.

tenures on the basis of Mudaraba.

Minimum investment of PKR 25,000.
Profits can be withdrawn

Withdrawal at the end of the fixed term.
through cheques or ATM and are

Choose from a deposit period ranging
credited to your Account.

Principal stays secure.

Rate remains same over the entire
investment period.

Multiple options for profit payout and
from 3 months to 10 years.

Profits can be withdrawn through
cheques or ATM and are credited to a
transaction.
Premature encashment available with
profit at PLS saving rate (subject to
completion of three months from the
opening date of the account).

Receive up to 90% financing against
this account.

Rollover option available.

Enjoy profits calculated on principal,
Payment: flexible, as per your chosen
tenure.
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HBL
High
Yield
Foreign
Fixed
Deposit
An account for all those individuals who wish
HBL Islamic High Yield Foreign
Currency Investment Deposit
to maintain their savings in foreign currency. HBL offers the High Yield Foreign Fixed
HBL Foreign Currency Saving Account is the Deposit Account for individuals and
ideal choice allowing you to save with ease institutions who wish to maintain secure
while offering convenience and reliability for foreign currency deposits and earn attractive
Pakistanis as well as foreign nationals dealing returns on their foreign currency deposits.
in foreign currencies.
Key Features

Open an account in USD, GBP and
EUR with an amount equivalent to
Key Features

tenures for your foreign currency
USD 1,000*

Profit calculated on monthly balance

Profit payout on quarterly basis

Acquire cheque book as per charges
enclosed in prevalent SOBC.

Receive biannual statement of account
and access e-statement
Flexibility of choosing a variety of
deposits.

Available in the multiple currencies
including USD, GBP, and EUR.

Tiered product with multiple options of
terms and rates.

Flexible tenure ( 1, 2, 3, 6 and 12
months).

Flexible deposits slabs.

Principal stays secure.

Avail the same profit rate over the
entire investment period.

Withdraw profits through cheques and
ATMs
–
profits
are
credited
to
transaction account.

Minimum amount is 1,000 units (of any
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currency).

Obtain financing.

Avail rollover option.
Difference between Islamic and Conventional Islamic Term Deposit
Term Deposit
Conventional Term Deposit
Bank and account holder’s relationship is Bank and term-depositor’s relationship is
based on Debtor and Creditor
Mudaraba basis whereby depositor (Rab ul
Maal) provides funds and Bank (Mudarib)
invests funds in Shariah-compliant modes
Mark-up is predetermined
Profit rates are not predetermined. Profit from
mudaraba is distributed on pre-agreed ratio of
weightages
No Shariah based restriction on investment of Funds are invested in Shariah compliant
funds
avenues
Pays mark-up to account holders even if Bank Loss is borne by Rab-ul-Maal proportionate
incurs a loss
to their investments
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CUSTOMER FINANCE:
The division of retail banking that deals with lending money to consumers. This includes a wide
variety of loans, including credit cards, mortgage loans, and auto loans, and can also be used to
refer to loans taken out at either the prime rate or the sub prime rate.
HBL Islamic CarFinance
A flexible and hassle-free financing facility
that enables you to own your dream car and
provides financing up to 85% of the value of
your desired car.
HBL Islamic CarFinance is based on the
concept of Diminishing Musharakah. Under
this arrangement, bank and customer become
joint owners in a vehicle with an agreed
investment ratio. Bank’s ownership share of
HBL CarLoan offers of you the freedom to the vehicle is divided into units which
choose between a fixed mark-up or a floating customer purchases periodically to ultimately
mark-up rate facility to suit your personal become complete owner of the vehicle. Till the
requirements.
complete ownership, customer pays agreed
rentals for using bank’s share in the vehicle.
Features
Key Features

Financing limit between PKR 200,000
to PKR 5,000,000/-

Financing limit between PKR 200,000

to PKR 5,000,000

Repay within a 7 year time period (5
for personal use

years for used car financing).

Option to choose between fixed and
Comprehensive insurance coverage and
Payment tenure ranging from 1 to 7
years (5 years for used car)

floating rate

Finance new, used or imported vehicle
Takaful arrangement through leading
business partners on HBL panel

Initiation of rentals only after delivery
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tracker arrangement through leading
business partners

of vehicle to the customer

Dedicated after sales service
Quick processing with minimum
documentation

Option for partial payment

Option for early termination of facility
Criteria
Criteria
Salaried individuals
Salaried individuals:

Applicant must be a Pakistani citizen

Applicant must be a Pakistani citizen

Applicant to be 22 years or more at the

For booking cases, minimum age to be

time of application and 60 years or less
22 years and maximum 59 years or
at the time of maturity
retirement age whichever is lower (at
Minimum monthly income to be PKR
maturity)
20,000

For ready/used car cases, minimum age
to be 22 years and maximum 60 years
Self-employed business
or retirement age whichever is lower (at
persons/professionals
maturity)


Applicant must be a Pakistani citizen

Applicant to be 22 years or more at the
Minimum monthly income to be PKR
20,000
time of application and 70 years or less
at the time of maturity

Minimum monthly income to be PKR
25,000
Self-employed business
persons/professionals to provide:

Applicant must be a Pakistani citizen

For booking cases, minimum age to be
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22 years and maximum 69 years (at
maturity)

For ready/used car cases, minimum age
to be 22 years and maximum 70 years
(at maturity)

Minimum monthly income to be PKR
25,000
HBL Islamic HomeFinance
HBL HomeLoan
HBL Home Finance is based on the concept of
A loan facility that enables you to fulfill your Diminishing Musharakah. According to this
dream of owning a perfect home. Be it concept, the customer and the bank both invest
or jointly in an asset to create joint ownership.
renovating your existing home, this facility has This proportionate share of the bank is divided
purchasing
a
new
one,
constructing
multiple options to suit your needs.
into units. The bank then leased its share of
asset (units) to the customer against rental
payments. In parallel, the customer
periodically purchases the units under the
ownership of the bank. Upon purchase of all
the units, the customer becomes the sole owner
of the asset.
Key Features
Key Features
• Financing limit between PKR 2,000,000 to
.
PKR 40,000,000
• Flexibility of choosing between fixed and
variable mark-up rate
• Repayment tenure ranging from 5 years to 20

Purchase of complete residential
property (Apartment / Bungalow)

Financing limit between PKR.
2,000,000 to PKR. 50,000,000/-
years
• Free property insurance at all times ensuring

Equal monthly installments with
reducing rentals
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peace of mind

Payment tenure ranging from 3 to 25
years

Financing up to 70% of property value

Property Takaful
Criteria
Criteria
Salaried individuals
Existing HBL Customers

Applicant can be a Pakistani or nonresident Pakistani*




Salaried individuals:
Applicant to be 25 years or more at the
time of loan application and 60 years or

Applicant must be a Pakistani citizen
less at the time of loan maturity

Applicant must be 25 years or more at
For existing customers, minimum
the time of financing application and 60
monthly income to be PKR 100,000
years or less/retirement age, whichever
For new to bank customers, minimum
is lower at the time of financing
monthly income to be PKR 150,000
maturity
Permanent employee with a minimum

of 5 years’ experience with confirmed
employment status in the current job
Minimum monthly income must be
PKR 50,000/-

Permanent job with a minimum 5 years
continuous work history in the same
*Non-resident Pakistani must apply with a co-
industry/field. At least 06 months
borrower who is a Pakistani resident
permanent employment with the
Self-employed business
current employer and currently not on
persons/professionals
probation

Applicant must be a Pakistani resident
Self-employed business

Applicant to be 30 years or more at the
persons/professionals:
time of loan application and 65 years or
less at the time of loan maturity

Applicant must be a Pakistani citizen
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

For existing customers, minimum
Applicant must be 30 years or more at
monthly income to be PKR 150,000
the time of financing application and 65
For new to bank customers, minimum
years at the time of financing maturity
monthly income to be PKR 200,000



Minimum 5 years’ experience in
personal business
Minimum monthly income to be PKR
100,000/-

Minimum 5 years in current
business/industry
Difference between Ijarah and Conventional Lease
Ijarah
Conventional Lease
All ownership related rights and liabilities lie with
No clear demarcation between rights and liabilities
lessor while usage related lie with lessee
of lessor and lessee
Rentals start after delivery of asset to lessee
Installments may start prior to delivery of asset to
lessee
Asset is insured based on Takaful model
Asset is insured primarily on conventional
insurance model
The customer allows bank to pay an amount to
A penalty is charged in case of late payment of
charity in case of late payment of rentals
rentals
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HBL Investment Services
HBL offers a wide range of investment services catered to meet your long-term financial goals.
It is critical to understand the difference between savings and investments. Generally people
assume that savings and investments are the same, but they are wrong.
Saving primarily involves securing your money while preserving its nominal value, however the
opportunity to grow is limited.
Investments, on the other hand, enable you to grow your savings over a certain time period with
some level of associated risk. While savings might enable you to set aside funds for an
emergency or for an immediate short-term goal, investments will enable you to achieve your
long-term goals such pay for your child’s education or for your retirement.
Our Business Philosophy
At HBL, we believe that each customer is unique and has a different set of requirements. Our
investment analysts, therefore, analyze your particular life stage, goals, and resources before
developing
investment
solutions.
Our aim is to improve the quality of product offerings in the retail investment field, thus enabling
customers to optimize their returns by aligning them with their risk profiles.
Our investment analysts are composed of a team of highly trained professionals, who undergo
extensive training programs. They are capable of assessing your needs so they can suggest the
most appropriate products that will best suit your needs. Our seasoned practitioners will not only
help you understand the steps necessary to attain your goals, but they will update you about all
the financial tools available to do so.
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Offering Investment Solutions Tailored to Meet your Goals
HBL Investment Services provide comprehensive solutions, including innovative Capital
Protected Structures, Mutual Funds, Government Securities and Islamic investment options. We
go through a structured series of steps to enable you to make the best decision.

Understanding your Requirements: Our investment advisors will have a one-on-one
consultation with you to gather information pertaining to your risk appetite, which goal
you are saving for, and your return expectation. (You will need to fill out a risk profile
questionnaire based on international standards).

Strategy Selection: Based on your feedback, an advisor will suggest an investment
strategy, enabling you to choose from a wide range of investment solutions which best
meet your needs.

Sales Closure: Once you decide on an investment solution, and all required
documentation is complete, you will receive a call from an independent unit at the bank’s
head office. A representative will ensure that you were properly advised and you
understand all associated liabilities and risks associated with your investment.
Features

Maximize returns on your savings.

Choose from a variety of options to diversify your risk.

Professional management oversees your investments, ensuring investor protection.

Provides liquidity and access to your money.

Gain significant tax benefits (as available in mutual funds).
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A financing facility that enables you to own your dream house with ease and flexibility.
Key Features
.

Purchase of complete residential property (Apartment / Bungalow)

Financing limit between PKR. 2,000,000 to PKR. 50,000,000/-

Equal monthly installments with reducing rentals

Payment tenure ranging from 3 to 25 years

Financing up to 70% of property value

Property Takaful
Basic Difference between conventional and Islamic banking
Conventional Banking


Islamic Banking
The functions and operating modes of

The functions and operating modes of
conventional banks are based on fully
Islamic
manmade principles.
principles of Islamic Shariah.
The
investor
is
assured
of
a

predetermined rate of interest.
banks
are
based
on
the
In contrast, it promotes risk sharing
between provider of capital (investor)
and the user of funds (entrepreneur).

It aims at maximizing profit without

any restriction.

It does not deal with Zakat.
It also aims at maximizing profit but
subject to Shariah restrictions.

In the modern Islamic banking system,
it has become one of the serviceoriented functions of the Islamic banks
to be a Zakat Collection Centre and
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Superior University Lahore
they also pay out their Zakat.

Lending money and getting it back with
compounding
fundamental

interest
is
the
the fundamental function of the Islamic
function
of
the
banks. So we have to understand our
customer’s business very well.
conventional banks.

Participation in partnership business is
It can charge additional money (penalty

The Islamic banks have no provision to
and compounded interest) in case of
charge any extra money from the
defaulters.
defaulters. Only small amount of
compensation and these proceeds is
given to charity. Rebates are give for
early
settlement
at
the
Bank’s
discretion.



Very often it results in the bank’s own

interest becoming prominent. It makes
interest. Its ultimate aim is to ensure
no effort to ensure growth with equity.
growth with equity.
For interest-based commercial banks,


For the Islamic banks, it must be based
borrowing from the money market is
on a Shariah approved underlying
relatively easier.
transaction.
Since income from the advances is

Since it shares profit and loss, the
fixed, it gives little importance to
Islamic banks pay greater attention to
developing
developing
expertise
in
project
appraisal and evaluations.

It gives due importance to the public
The conventional banks give greater
project
appraisal
and
evaluations.

The Islamic banks, on the other hand,
emphasis on credit-worthiness of the
give greater emphasis on the viability
clients.
of the projects.
The status of a conventional bank, in
relation to its clients, is that of creditor

The status of Islamic bank in relation to
its clients is that of partners, investors
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and debtors.
and trader, buyer and seller.
Conclusion:
After a complete analysis of both banks we conclude that both banks are doing well in
their respective fields. Moreover, HBL Islamic Bank should also enhance its market share
nationally and internationally by launching awareness programs for society to create better
understanding regarding Islamic banking.
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Superior University Lahore