Banākat, Banākath, Fanākat, or Fanākath was a town on the upper Syr Darya in Transoxiana (present-day Uzbekistan, Central Asia).

The second part of these names, kat or kath, is an Eastern Iranian (Soghdian) compound meaning town.

As a result of the excavations, various ceramic objects (decorated jug, cup, glazed plate, etc.

In Banokat jewelry, textiles, pottery, glassmaking and other advanced products were manufactured, copper and silver coins were minted.

At the time of his invasion, Chingis Khan divided his army into four: In 1392 town was rebuilt by Timur (Tamerlane) and renamed Shahrukhiya after his son Shahrukh.