Bank Islami Pakistan offers the Islami Asaan Saving Account which is based on Mudarabah account. It works on the basis that you provide funds to the bank on the basis of Mudarabah for investment in the Bank’s Shariah Compliant Assets. In this procedure, you will function as a Rabbul Maal (investor in Mudaraba) and the Bank will act as the Mudarib (Manager of the Mudaraba). The pool of customers’ funds will be formed by the Bank. The pool management helped in providing of financings to various corporate, individuals, other entities and the government which was based on various Islamic modes of finance such as Ijarah, Murabaha, Mudaraba, Musharakah, and other modes which would generate income. The pool will be calculated by the Bank on a monthly basis. The Bank and the Depositors will share the income on the basis of pre agreed profit sharing ratio. Mudarib’s share is called the profit share of the Bank.
Islami Asaan Saving Account Benefits
1. Islami Asaan Saving Account provides the facility of no minimum balance on operating the account
2. Islami Asaan Saving Account provides the facility of Single/ Joint Account
3. Islami Asaan Saving Account provides the facility of Halal profit on monthly basis (for remunerative accounts- Saving and Sahulat only)
4. Islami Asaan Saving Account provides the facility of total Debit per Month: PRs. 500,000/-
5. Islami Asaan Saving Account provides the facility of total Credit Balance Limit: PRs. 500,000/-
6. Islami Asaan Saving Account provides the facility of simple one pager account opening form
7. Islami Asaan Saving Account provides the facility of Paypak Card
8. Islami Asaan Saving Account provides the facility of Cheque Book to be issued on request
9. Islami Asaan Saving Account provides the facility of free Internet banking service
10. Islami Asaan Saving Account provides the facility of free E-Statement service
11. Islami Asaan Saving Account provides the facility of free SMS Alerts
12. Islami Asaan Saving Account provides the facility of free Cheque Book
13. Islami Asaan Saving Account provides the facility of free Pay order
Islami Asaan Saving Account Eligibility and Required Documents
In order to open an Islami Asaan Saving Account, the customers need to just submit his/her CNIC/ SNIC.
Islami Asaan Saving Account Profit Rate
· The profit rate of Islami Asaan Saving Account is 5.5268%
· For example, if an individual deposits PKR. 5,000,000 in an account then it will be rewarded PKR. 276,340 after a month.
How to Apply for Islami Asaan Saving Account
In order to open an Islami Asaan Saving Account, the interested customers click on the Apply Online.
Bank Islami Pakistan Helpline Numbers
Tel: +92-21-111-ISLAMI (111-475264)
Email: contact.center@bankislami.com.pk
Website: https://bankislami.com.pk/
