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Summary

“AL Habib Islamic Armed Forces Pensioner Savings Account” facilitates Armed Forces personnel to receive pension funds timely and conveniently. The Account is being offered with host of free and value added services.

Now you don’t have to compromise your needs today while planning for tomorrow. With our Shariah-compliant AL Habib Islamic Mahana Amdani Savings Account, get Shariah compliant profit every month while you save for the future.

A personal relationship of caring and trust Let us take care of your family if you are unable to, due to Accidental Death or Permanent Disability. With our Shariah-compliant AL Habib Islamic Apna Individual Account, get Shariah compliant profit with free Takaful coverage.

Earn Shariah compliant profits on your savings AL Habib Islamic Bank has a range of Savings. Accounts to suit your needs. Profit is earned from Shariah compliant investments based on principles of Mudarabah.

Opening a Shariah compliant account was never so easy If you are a Pakistani national and have never opened a bank account before, AL Habib Islamic Asaan Saving Account is just for you. Easy to open, it is loaded with value added features and free benefits.

Make Saving Fun and let them learn the benefits AL Habib Islamic Young Savers Account helps develop the habit of savings in Young Pakistanis under the guardianship of Parents. Make them part of savings for their future financial needs. They earn Shariah compliant profits based on Islamic principles and see their savings grow.

Senior citizens can earn monthly profits AL Habib Islamic Senior Citizen Term Deposit lets you earn high profits when you keep your savings for a fixed term of 1-year. No more temptation to use the principal, just enjoy the monthly profits.

An easy to open account for receiving money directly from abroad into your account Open AL Habib Islamic Asaan Remittance Savings Account and receive your money from abroad directly in your savings account. See your savings grow by earning Shariah compliant profit. Sending and receiving money is free, fast and safe. Account is easy to open with a simplified one-page account opening form. This account is for individuals only (Single/ Joint)

Features and Benefits

  • Free PayPak ATM/Debit Card
  • Free Cheque Book
  • Free Internet Banking / Mobile Banking
  • Free e-Statements
  • Individual single account only
  • No Initial deposit or minimum balance requirement
  • No charges on opening and closure of account
  • SMS Alerts Facility
  • Banker’s Cheques Facility (Pay Orders)
  • Online Banking Facility
  • Higher return on Savings Account
  • Bi-annual profit payout & calculated on monthly average balance
  • Based on Islamic principles of Mudarabah
  • Joint account holder facility (up to 4 individuals)
  • Profit will be calculated on monthly average balance
  • Free Internet & Mobile Banking
  • Free Cheque Book
  • Mobile Banking & SMS Alerts Facility
  • Free Banker’s Cheque
  • Receive profits every month
  • No restriction on withdrawals
  • In case average daily balance is less than Rs.50,000/- then weightage of Normal Saving Account is applied
  • Withholding Tax on profit and Zakat will be applicable as per laws
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free Online Banking
  • Free E-Statement
  • Free ATM/Debit Card (PayPak / UnionPay)
  • Deposits are accepted on Islamic principles of Mudarabah
  • No restriction on number of transactions
  • No minimum balance requirement
  • Profit will be calculated on monthly average balance
  • Profit payout is bi-annually i.e. in January and July
  • Withholding tax on profits and Zakat will be applicable as per laws
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free Online Banking
  • Free Cheque Book
  • Free Banker’s Cheques
  • Free Internet banking
  • Free E-Statement
  • Free ATM/Debit Card (PayPak / UnionPay)
  • Mobile Banking & SMS alerts facility
  • Free Life Insurance coverage under Takaful applicable with terms and conditions
  • Based on Islamic principles of Mudarabah
  • Joint account holder facility (up to 4 individuals)
  • Profit will be calculated on monthly average balance
  • Profit payout on bi Annual basis i.e. in July and January
  • No minimum balance requirement
  • Withholding Tax on profit & Zakat will be applicable as per laws
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free Online Banking
  • Free Banker’s Cheque
  • Free E-Statement
  • Free ATM/Debit Card (PayPak / UnionPay)
  • Free Internet Banking
  • Mobile Banking and SMS alert facility
  • Free Life Insurance coverage under Takaful applicable with terms and conditions
  • One Page Account Opening Form
  • Account can be opened with PKR 5/- only
  • Deposit are accepted on Mudarabah basis
  • Profit will be calculated on monthly average balance
  • Profit payout on Bi-annual basis i.e. in July and January
  • No minimum balance requirement
  • Maximum balance PKR 500,000/-
  • No restriction on number of transactions
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free Online Banking
  • Free Cheque Book
  • Free Banker’s Cheque
  • Free Internet Banking
  • Free E-Statement
  • Free ATM/Debit Card (PayPak / UnionPay)
  • Mobile Banking and SMS alert facility
  • Withholding tax on Profit and Zakat will be applicable as per laws
  • Takaful based Life Insurance coverage*
  • The account can be opened with as little as PKR. 5/=.
  • Profit calculated on monthly average balance
  • The account will be operated by Parents/Guardian
  • ATM with cash withdrawal limit of Rs.2,000/- in a calendar year may be allowed if authorized by parents/guardians
  • A special account for Young Savers below 18 years of age
  • Based on Islamic Principles of Mudarabah
  • No minimum balance requirement
  • No restrictions on the number of monthly withdrawals
  • Upon reaching adulthood (18 years of age), the account balance will be transferred to a new account after completion of required account opening and operating formalities
  • Withholding Tax on profits and Zakat will be applicable as per laws
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free ATM Cards available for Young Savers’ parents/guardians with cash withdrawal limit Rs.2,000/-
  • Free Online Banking/Cheque Book
  • Free Banker’s Cheque/ Free E-Statement
  • Mobile Banking and SMS alerts facility
  • Withholding Tax on profits and Zakat will be applicable as per laws
  • Based on Islamic principles of Mudarabah
  • Joint Account Holder facility (up to 4 individuals)
  • No minimum balance requirement.
  • Primary account holder must be a Senior Citizen i.e. at least 60 years of age
  • Minor cannot be joint holder
  • No restrictions on withdrawls
  • Profit will be calculated on monthly average balance
  • Profit payout on monthly basis
  • Withholding tax on profit and zakat will be applicable as per laws
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance
  • Free Online Banking
  • Free Cheque Book
  • Free Banker’s Cheques
  • Free Internet banking
  • Free E-Statement
  • Free ATM/Debit Card (PayPak / UnionPay)
  • Mobile Banking & SMS alert facility
  • For the unbanked/under banked populations receiving Home Remittances only from family members residing abroad
  • Simple and easy account opening with minimum requirements
  • Account is for individuals, resident Pakistani nationals only
  • Cash withdrawal limit: PKR 50,000 per day
  • Fund transfer limit: PKR 50,000 per day
  • Total Credit Balance Limit: PKR 2,000,000
  • Free Cheque Book
  • Free e-statements
  • Mobile Banking & SMS Alert Facility
  • ATM/Debit Card
  • Free Life Takaful facility up to PKR 2 Million applicable with terms and conditions*
  • Free Internet Banking
  • Free Online banking
  • Free Banker’s Cheque
  • Deposits accepted on principle of Mudarabah
  • Profit will be calculated on monthly average balance
  • Profit payout bi-annually i.e. in January and July
  • Direct and instant credit to the account
  • Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance

Free Life Insurance Coverage eligibility

  • Account holder is not eligible for Free Life Insurance in this account.
  • Account holder is not eligible for Free Life Insurance in this account.
  • Account holder is not eligible for Free Life Insurance in this account.
  • Account holder is not eligible for Free Life Insurance in this account.
  • Claims payable on last 90 days of average balance in customer account
  • New account eligible after 90 days of opening of account
  • Maximum claim payable on accidental death - PKR 1 Million
  • Maximum claim payable on natural death/permanent disability - PKR 0.5 Million
  • In case of joint account, any one of the account holder will be covered
  • Admissible age limit of claim - 18 to 60 years
  • Account holder is not eligible for Free Life Insurance in this account.
  • Account holder is not eligible for Free Life Insurance in this account.
  • Claims payable on last 90 days of average balance in customer account
  • New account eligible after 90 days of opening of account
  • Maximum claim payable on accidental death - PKR 2 Million
  • Maximum claim payable on natural death/permanent disability - PKR 1 Million
  • In case of joint account, any one of the account holders will be covered
  • Admissible age limit of claim - 18 to 60 years

How To Apply