The Islami Dollar Bachat Savings Account is ideal for individuals and businesses looking to save in US dollars. This savings scheme is for both residents and non-residents who need to either save in US dollars or send money from abroad for personal or business transactions. The Islami Dollar Bachat Savings Account is a profit / loss account in USD based on the principle of Madaraba where the bank invests your funds in accordance with Shariah. The return on investment is then shared between you and the bank.
Islami Dollar Bachat Saving Account Benefits
1. Islami Dollar Bachat Saving Account provides the facility of free Internet Banking service
2. Islami Dollar Bachat Saving Account provides the facility of free safe deposit lockers (subject to availability)
3. Islami Dollar Bachat Saving Account provides the facility of 100% interest free
4. Islami Dollar Bachat Saving Account provides the facility of monthly profit/loss payment on daily product basis
5. Islami Dollar Bachat Saving Account provides the facility of a minimum balance of USD. 100/- in cash or through USD clearing cheque or valid instructions remittances from abroad
6. Islami Dollar Bachat Saving Account provides the facility of no Zakat or Withholding tax applicable
7. Islami Dollar Bachat Saving Account provides the facility of Joint Account service
8. Islami Dollar Bachat Saving Account provides the facility of free access to the entire online branch network
9. Islami Dollar Bachat Saving Account provides the facility of no restrictions on intercity transactions
10. Islami Dollar Bachat Saving Account provides the facility of round the clock phone Banking through 111-ISLAMI (475-264)
11. Islami Dollar Bachat Saving Account provides the facility of personalized service from Customer Relationship Officers
12. Islami Dollar Bachat Saving Account provides the facility of free account statement service
13. Islami Dollar Bachat Saving Account provides the facility of hold mail and stop payment service
Islami Dollar Bachat Saving Account Eligibility and Required Documents
For Salaried Individual/Joint Account Holders:
1. The account holder must fill an account opening form.
2. The account holder must provide the valid copy of CNIC.
3. The account holder must provide the valid Passport (for non-residents only).
4. The account holder must provide the valid copy of employment proof i.e. Pay slip, Employment letter etc.
For Sole Proprietors:
1. The account holder must fill an account opening form.
2. The account holder must provide the valid copy of CNIC.
3. The account holder must provide the valid Passport (for non-residents only).
4. The account holder must provide a valid copy of NTN Certificate.
For Partnership/Society/Club/Trust/Association/NGO:
1. The account holder must provide the certified Copy of Partnership/ Trust Deed
2. The account holder must provide the certificate of Registration
3. The account holder must provide the signatures of all Partners on letter of Partnership
4. The account holder must provide the certified copy of rules
5. The account holder must provide the certified copy of resolution
6. The account holder must provide the copy of by-laws
7. The account holder must provide a copy of NTN Certificate
8. The account holder must provide the CNICs of all Partners
9. The account holder must provide the passports (for Non-residents only)
For Limited Company:
1. The account holder must provide the certificate of Incorporation
2. The account holder must provide the certificate for Commencement of Business (PLC only)
3. The account holder must provide the Memorandum of Association
4. The account holder must provide the articles of Association
5. The account holder must provide the current list of Directors
6. The account holder must provide the copy of Board Resolution
7. The account holder must provide the CNICs of all Directors
8. The account holder must provide the copy of NTN Certificate and Form 29
Islami Dollar Bachat Saving Account Profit Rate
· The profit rate of Islami Dollar Bachat Saving Account is 0.2508%
· For example, if an individual deposits US$. 100,000 in an account then it will be rewarded US$. 250 after a month.
How to Apply for Islami Dollar Bachat Saving Account
In order to open an Islami Dollar Bachat 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/
