It was the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from State Bank of Pakistan on March 31, 2005. The bank started its operations from 7 April 2006 and offers shariah compliant retail banking, investment banking, consumer banking and trade finance products. The bank intends to focus on wealth management as the core area of business and plans to soon launch proprietary products, and integrated financial planning services.