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S O U T H A F R I C A
HBZ Bank Limited
w w w . h b z b a n k . c o . z a
DIRECTORATE
Muhammad H Habib (Chairman)
Ramsay L Daly
Mohamedali R Habib
M Yakoob Chowdhury
Pierre J Neethling
Henk Leenstra
Dheven Dharmalingam
Zafar Alam Khan
Chris Harvey
CORPORATE MANAGEMENT
Zafar Alam Khan – General Manager / CEO
Ronnie Meherjina – Chief Operations Officer
Hassan Zia – Head of Credit & Risk
Chris Harvey – Head of Corporate
Governance & Secretary to the Board
Yusuf Dockrat – Chief Financial Officer
Dudley Garner – Head of Compliance
BRANCH MANAGEMENT
Asad Bashir – Pietermaritzburg
Saleem Abdulla – Islamic Banking
Babur Zaidi – Durban
Mohammad Ali Chaudhry – Fordsburg
Qadeer Chaudhry – Laudium
Raashid Faiyaz – Lenasia
Aasif Abba – Boksburg
BOARD MEMBERS
LOCALHEAD OFFICE 135 Jan Hofmeyr Road, Westville, 3630P.O. Box 1536, Wandsbeck, 3631Tel: 031 267 4400 | Fax: 031 267 1193Email: [email protected]
DURBAN 209 Dr Yusuf Dadoo Street P.O. Box 48449 Qualbert 4078Tel: 031 360 0400 | Fax: 031 307 2731 Email: [email protected]
ISLAMIC BANKING 135 Jan Hofmeyr Road, Westville, 3630P.O. Box 1536, Wandsbeck, 3631Tel: 031 267 4400 | Fax: 031 267 1190Email: [email protected]
JOBURG 25 Dolly Rathebe Road FordsburgP.O. Box 42140 Fordsburg 2033Tel: 011 630 4600 | Fax: 011 630 4611 Email: [email protected]
LENASIA 21 Rose Avenue LenasiaP.O. Box 2950 Lenasia 1820Tel: 011 213 6540 | Fax: 011 213 6552Email: [email protected]
LAUDIUM Laudium Plaza 6th Avenue LaudiumP.O. Box 13300 Laudium 0037Tel: 012 374 5100 | Fax: 012 374 0350 Email: [email protected]
PIETERMARITZBURG 582 Chotta Motala Rd, RaisethorpP.O. Box 575, Luxmi, 3207Tel: 0333978600 | Fax: 0333978622Email: [email protected]
BOKSBURGCorner Atlas and Phillips Roads,Westwood Village, BoksburgTel: 011 841 0300 | Fax: 011 894 5509 Email: [email protected]
INTERNATIONAL OFFICESSWITZERLAND Habib Bank AG Zurich59 Weinberstrasse, ZurichTel: 004144 269 4500 | Fax: 004144 269 4535
UNITED KINGDOM Habib Bank AG Zurich42 Moorgate, London EC2R 6JJTel: 0044207 452 0200 | Fax: 0044207 628 1787
UAE Habib Bank AG ZurichBeniyas Square, DubaiTel: 009714 221 4535 | Fax: 009714 221 8408
PAKISTAN Habib Metropolitan BankI.I Chundrigar Rd KarachiTel: 009221 263 6740 | Fax: 009221 263 0405
KENYA Habib Bank AG ZurichNagina House, Koinange Street, NairobiTel: 0025450 341 172 | Fax: 0025420 221 7004
ISLE OF MAN Habib European Bank14 Athol Street, DouglasTel: 00441624 622 544 | Fax: 00441624 627 135
CANADA Habib Canadian Bank918 Dundas St East, MississaugaTel: 001905 276 5300 | Fax: 001905 276 5400
BRANCH NETWORK
Since the early 18th century, Bombay
(Mumbai) was one of India’s largest
trading cities and an important port of
the Eastern world. It was a centre for
energetic, hardworking persons possessing
entrepreneurial skills.
It was here in 1841 that a family trading
company by the name of Khoja Mithobhai
was established. Metals and other
commodities were traded with both Indian
and overseas based clients. In 1891 a
teenager, Habib Ismail, joined the business.
He would later prove instrumental in
transforming the company.
The business began to prosper under his
guidance and the name “Habib” soon
became synonymous with fair dealing,
honesty and trustworthiness. Upcountry
traders returning home began to deposit
their surplus cash with the company for
safekeeping, they also borrowed to cover
any shortfalls and it was not long before the
company began merchant banking.
Over time Habib Ismail’s four sons became
the new driving force behind the company.
In particular, Mohammadali Habib showed
leadership qualities and vision and
possessed the uncanny ability to extract the
maximum from those around him. He was
to play a very important role in the growth
and expansion of the Habib family business
as well as in its social and charitable
endeavours.
In 1941, Habib Bank Ltd was founded. It
adopted sound conservative principles in
line with international banking practice. A
strong emphasis was placed on maintaining
a high level of liquidity. Habib Bank in a
way filled the vacuum in banking in the
subcontinent by opening 38 branches in
India over a period of 7 years whilst other
Indian banks expanded only in the cities
and provinces where they originated.
COMPANY HISTORY
In this way Habib Bank Limited played
a pivotal role in bringing banking to the
middle classes.
In line with its progressive nature, the bank
began issuing its own gold medallions,
which Mohammadali Habib assured
customers were purer and heavier than the
stated weight. Many a story abound about
delighted customers finding their gold to be
heavier than the stated weight. Other gold
coins were compared with Habib’s and
found wanting. The Habib name became a
standard of quality.
The Head Office of Habib Bank was
transferred to Karachi in 1947 just before the
creation of Pakistan in the same year. The
Bank was to play a major role in providing
for the basic lending and financial services
needed in building the economy of the
new country. A number of branches were
set up to assist the development of industry
and trade.
Above: Mohamedali Habib
Above: Habib Esmail
The trustworthiness and reputation of the
Habib’s prompted the government to
entrust their treasury functions to Habib
Bank Ltd. In the best interests of the country,
Mohammadali Habib turned down this
lucrative and prestigious offer and instead
participated wholeheartedly in the creation
of the new National Bank of Pakistan and
State Bank of Pakistan. Experienced staff
from Habib Bank was transferred to support
these banks.
Mohammadali Habib passed away on 30
March 1959 aged 55. During his short life
this legend of a man created an extensive
empire encompassing banking, insurance,
shipping and numerous other industries.
In 1967 Habib Bank AG Zurich was
incorporated. Habib Bank Ltd was
nationalised by the government of
Pakistan in 1974. It was at this time that
two sons of Mohammadali Habib –
Hyder Mohammadali Habib and Habib
Mohammad (HM) Habib moved to
Switzerland and the UAE to build the
bank under conditions that were far from
favourable.
They were however pleasantly surprised
by the rich amount of goodwill that
international bankers and other
businessmen had for the name Habib. With
hard work they overcame many difficulties
and eventually created their own goodwill
and relationships upon which the next
generation of Habib’s could build. Ranked
amongst the world’s 600 banks, Habib Bank
AG Zurich has a solid foundation based on
a tradition of financial excellence and a
dedicated management team.
COMPANY HISTORY
HABIB BANK AG ZURICH - RANKING BY THE BANKER MAGAZINE
Each year The Banker magazine, a
well respected international banking
publication, rates all the banks in the world
and publishes it’s list of top 1,000 banks.
In the July 2012 edition of The Banker
Magazine the ranking for Habib Bank AG
Zurich was as follows:
• World Ranking 545
• World ranking in soundness 152
• Ranking in Switzerland 4
• Ranking in soundness in Switzerland 5
• Capital ratio 19.36%
THE BANKER MAGAZINE
HBZ BANK LIMITED SOUTH AFRICA
In 1995, Habib Bank AG Zurich expanded
its operations into Southern Africa with the
establishment of a locally incorporated
Bank, HBZ Bank Limited. With an initial
capital investment of R 50 million HBZ Bank
Limited represents the first major investment
in South Africa by a Swiss Banking Group.
HBZ Limited now has seven branches in
South Africa including an Islamic Banking
branch in Westville.
HBZ Bank Limited is a wholly owned
subsidiary of Habib Bank AG Zurich in whom
management control vests. Hence HBZ
Bank Limited provides its customers the
legendary service and confidentiality in the
best tradition of Swiss Banking.
OUR PLEDGE
We dedicate ourselves always to consider
the customer first, give full measure and to
deliver more than we promise.
OUR VISION
To provide a specialized range of
banking products by understanding and
fulfilling the needs of our niche market
via knowledgeable, experienced and
professional staff who offer personal,
friendly, efficient and secure service.
HBZ BANK LIMITED
LENDING
HBZ Bank offers the most flexible lending
option, structured to suit your particular
unique situation. HBZ Bank has the following
lending options:
• Overdraft
• Commercial loan
• Personal Loan
• Trade Finance
• Bill Discounting
• Letters of Guarantee
DEPOSITS
HBZ Bank has a wide range of flexible
deposit products at attractive rates of
interest and will structure an option that
optimally suits your particular situation. HBZ
Bank has the following deposit products to
provide you with the most optimal return:
• Current accounts with cheque book
facilities
• Savings accounts
• Fixed deposit accounts
• Call deposits accounts
CONVENTIONAL PRODUCTS & SERVICES
TRADE FINANCE & FOREIGN EXCHANGE
The international network under the Habib
Bank AG Zurich banner allows HBZ Bank
access to corresponding banks around the
world, making your international dealings
so much easier. HBZ Bank has the following
trade finance and foreign exchange
options:
• Documentary Bills for Collections
• Letters of Credit
• Remittances
• Forward Exchange Contacts
• Foreign Drafts
• Travellers Cheques
* Foreign Bank Notes
INVESTMENT BANKING
If you would like access to the international
investment markets in London, New York
and Zurich, HBZ Bank can link you to the
group’s Private Banking Service. Through
this service you can trade in shares in any
currency, receive regular updates on the
international markets, get access to the
latest information on share profiles and get
their periodic buying recommendations to
help your investments grow.
For more details on any of these products
contact a branch manager or visit our
website: www.hbzbank.co.za
HBZ Bank proudly offers Shari’ah Compliant
Islamic Banking through there designated
Islamic Banking branch situated at 135 Jan
Hofmeyr Road, Westville.
Islamic Banking is the fastest growing area
in the banking sector, both nationally and
internationally.
Islamic banking is available to any person or
business that wishes to make use of Shari’ah
Compliant Banking.
HBZ Bank welcomes all customers regardless of
there religious beliefs.
Our Islamic Banking Division is under the
guidance of our Shari’ah Advisor. All
documents have been reviewed and certified
by the Darul Uloom Zakariyya as being in
compliance with Shari’ah laws and meet the
requirements of Islamic finance.
Conventional Banking Islamic Banking
Interest based Profit or rent based
Deals in money or paper Deals in assets
Based on a fixed return for deposits and lending
Based on profit sharing for deposits and on profit for lending
Does not involve itself in trade and business
Actively participates in trade and production
ISLAMIC BANKING PRODUCTS & SERVICES
Should you have further questions regarding
our Islamic Banking division please contact our
Islamic division, your nearest HBZ Bank branch,
or visit the website: www.hbzbank.co.za.
FINANCING
• Murabaha
• Ijarah
• Diminishing Musharakah
• Letters of Guarantee
DEPOSITS
• Current accounts with cheque book
facilities
• Profit and Loss sharing accounts
• HBZ Islamic Investment Certificates
ISLAMIC TRADE FINANCE AND FOREIGN EXCHANGE
The Islamic Banking Branch offers the following
Shariah compliant foreign exchange products
and services:
• Documentary Bills for Collections
• Forward Exchange Contracts
• Letters of Credit
• Remittances
• Foreign Drafts
• Travellers Cheques
• Foreign Bank Notes
ISLAMIC BANKING PRODUCTS & SERVICES
INTERNET BANKING
INTERNET BANKING
HBZ Internet Banking is called HBZBankweb
and is available to both conventional and
Islamic banking clients.
Access to HBZBankweb allows you to perform
the following transactions via the web:
• Access your bank statements and then
view, print or download them onto your
own system.
• Transfer funds between your own accounts.
• Make third party payments to other local
banks.
• Create sub logins for multiple users.
Contact your nearest branch to provide you
with access to HBZBankweb.
w w w . h b z b a n k . c o . z a
S O U T H A F R I C A
HBZ Bank Limited
