BAJ was created in 1975 after it absorbed the activities and services of the National Bank of Pakistan. Today, the Shariah-compliant bank has 82 branches and 54 Fawri Remittance Centres. The bank employs 2,421 people. Its subsidiaries include AlJazira Capital, the Aman Development and Real Estate Investment Company, AlJazira Securities Limited, and BAJ Sukuk Tier 1 Limited.