It is a subsidiary of an Emirati conglomerate, Abu Dhabi United Group.

[2] In July 1997, the Abu Dhabi Group, led by Nahyan bin Mubarak Al Nahyan of Al-Nahyan Group, acquired a 70 percent stake in then Habib Credit & Exchange Bank (HCEB), a subsidiary of state-owned bank Habib Bank Limited.

[9] In 2004, Bank Alfalah was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 40 per share.

[10] Bank Alfalah was named in the FinCEN leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).

It had three suspicious transactions flagged for transactions close to 2.5 million dollars of 2 trillion dollars of suspicious payments made globally by banks in 170 countries.