KARACHI - BankIslami Pakistan Limited opens its 75th Branch in Orangi Town Karachi and is all set to achieve its target to increase its Branch Network to 102 branches in 49 cities. More than 40 per cent of Branch network caters to the unbanked rural areas where the demand for the Islamic Banking is phenomenal and relatively untapped. Moreover, all 102 BankIslami branches are Online, which will enable all BankIslami customers to make transactions and access their accounts anywhere throughout the BankIslami Branch Network in 49 Cities. The Bank is now among the league of mid sized banks operating in the country. BankIslami has now considerable presence in the financial hub of Pakistan, 'Karachi', which has proved to be the most attractive market for Islamic banking. The Bank will close the year with 30 branches in the metropolis encompassing the major areas of the city with a special focus to cover the unbanked areas. This expansion will also create an impetus to the Bank's strategic expansion plan for the year. With a reputed Shariah board headed by Mufti Taqi Usmani, the Bank provides comprehensive Shariah compliant product suite catering to the wide strata of the society. To complement the market need the Bank now offers Islami Mahana Munafa Account with 1, 2,3, 5 & 10 year investment option which offers attractive halal profit on monthly basis with no penalty on early encashment of investment. The Bank has also taken lead to provide its customers with value added services including Biometric ATM, Internet Banking, Inter Bank Fund Transfer and e-statement. BankIslami will soon launch the first ever Islamic Bancassurance (Banka Takaful) arrangement in Pakistan.