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Habib Group's involvement in banking services dates back to the 1930s. The original Habib Bank began modestly in
Bombay in 1941 when it commenced operations with a fixed capital of 25,000 rupees. Impressed by its initial performance,
Muhammad Ali Jinnah asked the Habib Bank to move its operations to
Karachi after the independence of Pakistan. After the privatisation scheme was announced in 1991 by the Pakistani Government, Habib Group was the first to be granted permission to start a private bank, the Bank AL Habib Limited. Under the privatisation policy of the Government of Pakistan, the Dawood Habib Group was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. (Late) Hamid D. Habib, grandson of the founder a Habib Group, was the first Chairman of Bank AL Habib Limited. He was a Director in Habib Bank Limited from 1954 and its chairman from 1971 until nationalisation. After the death of Hamid D. Habib in May 2000, Ali Raza D. Habib, who was Director on the Board, was appointed the Chairman of the Bank. Rashid D. Habib, who was the managing director of Habib Bank Limited from 1953 until its nationalisation, was appointed as the managing director and chief executive of Bank AL Habib Limited until he died in 1994. After his death, Abbas D. Habib who was the joint managing director and closely associated with the bank since its inception in 1991, was appointed as the managing director and Chief Executive of the Bank. On 1 November 2016, he was appointed as chairman. In 2005, Bank AL Habib began offering internet banking, with accounts and records visible online. Bank AL Habib has decided to purchase from
TPL Properties,
Centrepoint, a high-rise building in
Karachi. In 2018, Bank AL Habib expanded its operations and opened a representative office in Kenya. ==Services==