Jahangir Siddiqui & Co. () is a Pakistani

financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...

company, founded in 1971 by

Jahangir Siddiqui Jahangir Siddiqui is a Pakistani business tycoon who is the founder of eponymous conglomerate JS Group. Siddiqui started his career as a chartered accountant, but later became a stock market investor and trader before founding his own firm. Car ...

, and is based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

, Pakistan. The company controls and operates financial services companies in Pakistan. The services include

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

commercial banking A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with c ...

, company research, insurance,

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

Islamic banking Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic econo ...

, micro finance, and

stock brokerage A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and ...

. JS & Co. also has investments throughout Pakistan's economy, in the

industrial sector In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in constructi ...

, technology and media sectors, commercial real estate, energy and

natural resources Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. ...

. JS & Co has its headquarters in

History

Jahangir Siddiqui & Co. Ltd. was incorporated in 1991 as public unquoted company. The company is listed on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on ...

(PSX). JS Group's principal activities are trading of securities, maintaining strategic investments, consultancy services, underwriting, etc. The company has a long term rating of AA (Double A) and short term rating of A1+ (A one plus) assigned to it by Pakistan Credit Rating Agency. Jahangir Siddiqui & Co. Ltd. and its subsidiary companies are involved in trading of securities, maintaining strategic investments, investment advisory, brokerage, asset management, agency telecommunication, commercial banking, power generation and other businesses. Jahangir Siddiqui & Co posted a profit (after tax) of Rs 1,060 million in 2014.Annual Report 2014
Retrieved 14 July 2018.

JS Bank

JS Bank is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and currently operates 323 branches in 161 cities, with a total asset base of Rs 112 billion in 2014. It has a primary dealer license for government securities from the

State Bank of Pakistan The State Bank of Pakistan (SBP) ( ur, ) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was Nationalized and ...

. According to a press release, the long-term entity rating of JS Bank Limited (JSBL) has been promoted to 'AA-’ (Double A Minus) by Pakistan Credit Rating Agency (PACRA). JS Bank was formed after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of

American Express Bank American Express Company (Amex) is an American multinational corporation, multinational corporation specialized in payment card industry, payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Man ...

Ltd Pakistan. JS Bank Limited commenced operations in Pakistan as a fully scheduled bank on 30 December 2006. JS Bank's consolidated profits (after tax) for the year 2014 were Rs 1,060 million.

Bank Islami

Dubai Bank Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company ...

was one of the founding shareholders of Bank Islami which invested 18.75% in the total capital. Bank Islami is the joint venture project of three groups namely Jahangir Siddiqui & Co. Pakistan, Randeree family, & Dubai Bank. The State Bank of Pakistan issued a No Objection Certificate on 19 August 2004 and Bank Islami Pakistan Limited, the second full-fledge Islamic

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with ...

in Pakistan, was incorporated on 18 October 2004 in Pakistan. In 2015, JS & Co. further invested in the bank.

References

External links

Mahvash and Jahangir Siddiqui Foundation
{{DEFAULTSORT:JS and Co. Companies based in Karachi Financial services companies established in 1971 Companies listed on the Pakistan Stock Exchange Financial services companies of Pakistan Investment management companies of Pakistan 1971 establishments in Pakistan