A Shariah compliant banking solution for Banking Financial Institutions (BFIs) & Non-Banking Financial Institutions (NBFIs) include Asset Management Companies, Mutual Funds, Funds Management Companies, Mudharabah Companies, Takaful Companies, CDCs etc. who want to earn profit on daily balance basis. This account will be based on Mudharabah and operated like normal chequeing accounts on profit / loss sharing basis.
- Account will be operated on the basis of “Mudharabah” with Initial Deposit of Rs. 10 Million and above.
- Account can only be opened in local currency i.e. Pak Rupee Only.
- Profit calculated on daily balance basis. Daily balance basis means calculation of profit on each day’s balance in depositor’s account.
- Profit or Loss will be shared on monthly basis.
- Multiple slabs account.
| Amount – PKR |
| 0 – 9.9m
10m – 49.99 m 50m – 99.99m 100m – 199.99m 200m – 299.99m 300m – 499.99m 500m – 999.9m 1.0b & above |
- Free Cheque book & Free Online (Cash Deposit/ Withdrawal/ Account to Account Transfer)
- No charges will be recovered at the time of closing the account.
- No account maintenance charges.
- The Bank will utilize all such deposits as per the policy in Shariah compliant modes of financing / investments.
- Online banking services available at the Bank’s entire network.
- 24/7 access to account through Allied Phone Banking.
For more information about the account, you can visit your nearest Allied Bank Islamic Banking Branch or call our Allied Phone Banking Services at 111-225-225.
*For Pakistan, Allied Phone Banking calls its customers from 1222.