Allied Aitebar Islamic Banking has developed ‘Allied Aitebar Rising Star Account’ in order to fulfil the banking requirements of Minors/children by providing a Shariah compliant solution, whereby the minor can open account under the guardianship of Parent/Natural Guardian (Father)/ Court Appointed Guardian. The product is offered through following variants:
- Guardian (Main) Account – Allied Aitebar Rising Star Account (Saving)
- Wallet (Minor) Account – Allied Aitebar Rising Star Pocket Money Account (Current)
- Facility for issuance of debit card for Parent/Guardian.
- Initial Deposit Requirement for Guardian Account Rs.2,000/- and for Pocket Money Account Rs. 100/-
- First Bank Account Certificate
- Free Accidental Takaful coverage of Parent/Natural Guardian (Father)/Court appointed Guardian up to Rs. 500,000/-
- Free Cheque Book
- Free Online Cash Deposit/ Withdrawal/ account to account transfer.
- Free myABL Internet Banking facility (for Main/Guardian Account only).
- No minimum balance requirement for profit eligibility.
- No Account Maintenance / Service charges
- No Account Closure Charges
- 24/7 access to account through Allied Phone Banking
For Minor:
- Minor aging up to 18 years under guardianship of Parent/Natural Guardian (Father).
- Minors aging up to 21 years in case of Court appointed Guardian.
For Guardian:
All Individual CNIC / SNIC, POC, NICOP holders
a) Parent (i.e. Mother/ Father)
b) Natural Guardian (i.e. Father)
c) Court Appointed Guardian