Bank Alfalah Limited

About Bank Alfalah

Bank Alfalah is a leading commercial bank based in Pakistan, owned and operated by the Abu Dhabi Group. It was incorporated as a public limited company on 21st June, 1992 under the Companies Act, 2017. The bank is a subsidiary of an Emirati conglomerate, Abu Dhabi United Group. Previously, it was known as Habib Credit & Exchange Bank.

Services and Operations in the UAE

In the United Arab Emirates, Bank Alfalah operates under the supervision of the State Bank of Pakistan (SBP). The bank is committed to enhancing customer experience through continuous improvement in its products and services. It operates several branches in the UAE, including a Dubai Branch, offering a wide range of banking solutions to meet the diverse needs of its customers.

Global Presence and Investments

Bank Alfalah has a strong global presence, with operations extending beyond Pakistan and the UAE. Part of its expansion strategy includes investing in promising FinTech companies. Recently, Bank Alfalah acquired a 9.9% equity stake in UAE-based FinTech Jingle Pay. This strategic move is aimed at driving the bank's digital transformation agenda and expanding its digital banking footprint.

Partnership with Jingle Pay

UAE-based remittances FinTech Jingle Pay has also raised funding from Bank Alfalah, which has acquired a 9.9% stake. This partnership not only signifies Bank Alfalah's investment in digital transformation but also its commitment to improving remittance services and financial inclusion. The collaboration is expected to bring innovative and customer-centric digital banking solutions to the market.

Branches