Addition the transfer of unitsshares in a fund is not

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addition, the transfer of units/shares in a fund is not chargeable to stamp duty to the extent that the fund is an investment undertaking within the meaning of section 739B of the TCA 1997 or a common contractual fund within the meaning of section 739I of the TCA 1997. Disclaimer: The news section of Islamic Banking Bulletin is based on information obtained from local and international print and electronic media.
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July-September 2009 17 Islamic Banking Branch Network (As of September, 30, 2009) Type Name of Bank No of Branches 4 Full Fledge Islamic Banks Al Baraka Islamic Bank 30 BankIslami Pakistan Limited 70 Dawood Islamic Bank Limited 25 Dubai Islamic Bank Pakistan Ltd 24 Emirates Global Islamic Bank Ltd 42 Meezan Bank Ltd 140 Sub Total 331 Islamic Branches of Conventional Banks Askari Bank Limited 22 Bank Alfalah Ltd 48 Bank Al Habib 6 Faysal Bank Limited 1 Habib Bank Ltd 1 Habib Metropolitan Bank 4 MCB Bank Ltd 11 National Bank of Pakistan 8 Soneri Bank Ltd 6 Standard Chartered Bank 11 The Bank of Khyber 16 The Royal Bank of Scotland 3 United Bank Ltd 5 Sub Total 142 Sub Branches Askari Bank Limited 2 BankIslami Pakistan Limited 32 Dawood Islamic Bank Limited 6 Dubai Islamic Bank Pakistan Ltd 2 Emirates Global Islamic Bank Ltd 1 Meezan Bank Ltd 35 Sub Total 78 Grand Total 551 4 Source: Banking Policy & Regulations Department, State Bank of Pakistan.
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July-September 2009 18 Bank Name Azad Kashmir Baluchistan Federal Capital Northern Areas NWFP Punjab Sind Grand Total Al Baraka Islamic Bank B.S.C. 1 3 3 15 8 30 BankIslami Pakistan Limited 1 8 2 1 5 30 23 70 Dawood Islamic Bank Ltd 1 1 8 15 25 Dubai Islamic Bank Pakistan Ltd 1 2 1 12 8 24 Emirates Global Islamic Bank Ltd 1 2 6 20 13 42 Meezan Bank Limited 1 4 7 13 66 49 140 Sub-Total 3 14 17 1 29 151 116 331 Islamic Banking Divisions Askari Bank Limited 1 1 4 11 5 22 Bank AL Habib Limited 1 1 2 2 6 Bank Alfalah Limited 1 3 3 29 12 48 Faysal Bank Limited 1 1 Habib Bank Limited 1 1 Habib Metropolitan Bank Ltd 1 3 4 MCB Bank Limited 1 1 1 5 3 11 National Bank of Pakistan 2 1 3 2 8 Soneri Bank Limited 1 1 1 1 2 6 Standard Chartered Bank 1 1 3 3 3 11 The Bank of Khyber 1 10 3 2 16 The Royal Bank of Scotland 1 2 3 United Bank Limited 1 3 1 5 Sub-Total 2 7 7 25 62 39 142 Sub-Branches Askari Bank Limited 1 1 2 BankIslami Pakistan Limited 1 3 3 2 9 14 32 Dawood Islamic Bank Ltd 3 3 6 Dubai Islamic Bank Pakistan Ltd 1 1 2 Emirates Global Islamic Bank Ltd 1 1 Meezan Bank Limited 1 1 4 16 13 35 Sub-Total 1 4 6 7 28 32 78 Grand Total 6 25 30 1 61 241 187 551 Province wise Break-up of Islamic Banking Branch Network (As of September, 30, 2009)
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July-September 2009 19 S. No Province Cities No of Branches 1 Sindh Hyderabad 14 2 Karachi City 156 3 Larkana 1 4 Mirpur Khas 2 5 Nawabshah 3 6 Sakrand 1 7 Sanghar 2 8 Sukkur 5 9 Tando Adam 1 10 Tando Allahyar 2 Sindh Total 187 11 Punjab Arifwala 1 12 Attock 1 13 Bahawalpur 2 14 Chakwal 2 15 Daska 1 16 Dera Ghazi Khan 2 17 Faisalabad 24 18 Gojra 1 19 Gujar Khan 1 20 Gujranwala 9 21 Gujrat 6 22 Hafizabad 2 23 Jaranwala 2 24 Jhang 2 25 Jhelum 2 26 Kamoki 1 27 Kasur 1 28 Khanewal
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addition the transfer of unitsshares in a fund is not...

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